Somerset, MD Real Estate

According to census data in the year 2000 there were 441 housing units in Somerset. This represents a 14.2% growth from 386 in 1990.

Of those housing units, 441 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 94.9%. Somerset's vacancy rate, including seasonal lodging, is about 1.8%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Somerset were built after 1954.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms3.60%
Three Bedrooms37%
Four Bedrooms35.40%
Five Bedrooms or more24%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1954
Median Value of occupied units$487,600

Rented Homes, Apartments and Condos

Average Household Size3.86
Median year structure was built1960

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage12.20%
Home Equity Loan12.20%
Simple Mortgage45.30%
Debt Free30.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%