Why Live in Somerset Village
Somerset Village in Ames, IA, is a neighborhood characterized by its well-lit, sidewalk-lined streets and a mix of residential options, primarily apartments built between the early 2000s and early 2010s. Single-family homes and townhouses vary widely in price, reflecting the neighborhood's access to amenities. Residents enjoy the HOA-managed clubhouse and pool, as well as Johnson Pond for catch-and-release fishing. Public lawns provide space for picnics and recreation, while Moore Memorial Park nearby offers shelters, grills, and biking paths. The private Ames Fitness Center caters to fitness enthusiasts with its comprehensive facilities. The central business district features The Café for farm-to-table brunch, Wasabi for sushi and cocktails, and various other services including salons and a grocery store. North Grand Mall, just five minutes east, expands shopping options with stores like JCPenney and Kohl’s, and includes a movie theater. For sports fans, Iowa State University’s athletic events are a local highlight, with football games at Jack Trice Stadium and basketball at Hilton Coliseum. The neighborhood is well-connected, with public bus stops along Stange Road and Interstate 35 providing a 40-minute drive to Des Moines. The Ames Community School District is highly rated, with Fellows Elementary and Ames High School noted for their academic excellence. Nearby Iowa State University is a significant presence, offering educational and employment opportunities. Safety in Somerset Village is comparable to the national average, making it a practical choice for many.
Frequently Asked Questions
Is Somerset Village a good place to live?
Somerset Village is a good place to live. Somerset Village is considered somewhat walkable and very bikeable. Somerset Village is a suburban neighborhood. Somerset Village has 4 parks for recreational activities. It has a median age of 34. The average household income is $86,934 which is below the national average. College graduates make up 70.1% of residents. A majority of residents in Somerset Village are renters, with 63.1% of residents renting and 36.9% of residents owning their home. A
local real estate agent serving Somerset Village can help you decide if this neighborhood is the right one for you. Learn more on our
Somerset Village neighborhood guide.
How much do you need to make to afford a house in Somerset Village?
The median home price in Somerset Village is $369,000. If you put a 20% down payment of $73,800 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,880 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $81K a year to afford the median home price in Somerset Village. The average household income in Somerset Village is $87K.
What are the best public schools in Somerset Village?
The best public schools that serve Somerset Village are:
- Fellows Elementary School has an A Niche grade, a student teacher ratio of 13:1 and an average review score of 5.0.
- Ames High School has an A- Niche grade, a student teacher ratio of 17:1 and an average review score of 4.0.
- Ames Middle School has a B Niche grade, a student teacher ratio of 15:1 and an average review score of 3.2.
What are the best private schools in Somerset Village?
The best private schools that serve Somerset Village are:
What are the most popular zip codes in Somerset Village, Ames, IA?
What are the most popular neighborhoods near Somerset Village, Ames, IA?
Are home prices dropping in Somerset Village?
Yes, home prices in Somerset Village are down 2% in the last 12 months.
Home Trends in Somerset Village, IA
On average, homes in Somerset Village, Ames sell after 35 days on the market compared to the national average of 52 days. The median sale price for homes in Somerset Village, Ames over the last 12 months is $325,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$325,000
Median Single Family Sale Price
$369,000
Median 2 Bedroom Sale Price
$183,000
Median 1 Bedroom Sale Price
$144,000
Median Studio Sale Price
$177,500
Average Price Per Sq Ft
$205
Number of Homes for Sale
7
Last 12 months Home Sales
33
Median List Price
$369,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-1%