No value opinion can have meaning without first being defined. The intended use of an appraisal dictates which definition of market (or other) value is applicable to a specific assignment. Example: Market Value and fair market value are not the same thing.
Somerset County is a county located in the U.S. state of New Jersey. As of the 2010 United States Census, the county's population was 323,444, increasing by 25,954 (+8.7%) from the 297,490 counted in the 2000 Census, retaining its position as the state's 13th-most populous county.
The Somerset Census Designated Place had a population of 18,285 as of July 1, 2017. Somerset ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Massachusetts. See peer rankings below. The primary coordinate point for Somerset is located at latitude 41.7385 and longitude -71.1651 in Bristol County.