Somerset, KY Real Estate
According to census data in the year 2000 there were 5,416 housing units in Somerset.
This represents a 16.9% growth from 4,633 in 1990.
Of those housing units, 5,272 were located in either urbanized areas or urban clusters, and 144 were located in what is classified as a rural area.
Homeownership rate in Somerset is about 54.3%.
Somerset's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Somerset were built after 1965.
|Housing Units by Size|
|Five Bedrooms or more||3.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.26|
|Median year structure was built||1958|
|Median Value of occupied units||$63,100|
|Median Price asked for vacant units||$50,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.98|
|Median year structure was built||1974|
|Median Monthly Rent asked for vacant units||$342|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||5.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||13.8%|