Somerset, WI Real Estate

According to census data in the year 2000 there were 637 housing units in Somerset. This represents a 52.8% growth from 417 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 637 were located in what is classified as a rural area.

Homeownership rate in Somerset is about 51.2%. Somerset's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.42 people.

The majority of houses, apartments or condos in Somerset were built after 1984.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom13.70%
Two Bedrooms45.40%
Three Bedrooms31.20%
Four Bedrooms7.80%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.71
Median year structure was built1978
Median Value of occupied units$106,200
Median Price asked for vacant units$72,500

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1987
Median Monthly Rent asked for vacant units$513

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.10%
Home Equity Loan13.10%
Simple Mortgage55.80%
Debt Free23%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%