Somerset, MA Real Estate

According to census data in the year 2000 there were 7,143 housing units in Somerset. This represents a 8% growth from 6,614 in 1990.

Of those housing units, 7,143 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Somerset is about 82%. Somerset's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Somerset were built after 1960.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.50%
Two Bedrooms24.10%
Three Bedrooms50.40%
Four Bedrooms15.80%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1962
Median Value of occupied units$144,800
Median Price asked for vacant units$98,000

Rented Homes, Apartments and Condos

Average Household Size1.73
Median year structure was built1949
Median Monthly Rent asked for vacant units$537

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage6.60%
Home Equity Loan8.60%
Simple Mortgage48%
Debt Free36.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.4%