Somerset, TX Real Estate
According to census data in the year 2000 there were 545 housing units in Somerset.
This represents a 27.9% growth from 426 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 545 were located in what is classified as a rural area.
Homeownership rate in Somerset is about 72%.
Somerset's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 2.98 people.
The majority of houses, apartments or condos in Somerset were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 12.30% |
| Two Bedrooms | 39.40% |
| Three Bedrooms | 38.70% |
| Four Bedrooms | 7% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.17 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $50,800 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $344 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 40.90% |
| Debt Free | 53.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
