Commercial Real Estate Market in Somerset, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 78 off-market properties in Somerset, WI.
Market Trends
Somerset, WI spans 50.1 square miles in St. Croix County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Somerset, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Somerset, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Somerset, WI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Somerset, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Somerset, WI has 7,336 residents in 3,141 households. Density runs 146 people per square mile. Median household income here is $95,617 and median gross rent $1,134 a month.
7,336
Population
3,141
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
98%
High-School Grad
50.1 sq mi
ZIP Area
146
Density / Sq Mi
$95,617
Median Household Income
$54,305
Median Earnings
$1,134
Median Rent
$342,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Richmond | — | — |
| New Johannesburg | — | — |
| Marine on Saint Croix | — | — |
| Stillwater | — | — |
Commercial property in Somerset, WI asks $756/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Somerset?
Commercial property in Somerset, WI asks an average of $756 per square foot. The 6 most recent recorded sales traded at a median of $188/SF, so asking sits 301% above the achieved median.
Where does Realmo's Somerset market data come from?
Realmo compiles Somerset, WI figures from 7 recent recorded sales, 13 active sale listings, 4 active lease listings, 78 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 4 active for-lease listings in Somerset, WI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
