Local Data Search

 

Somerset Micro Area Housing

 

As of 2010-2014, median price of a house in Somerset Area is $105,100, which is lower than the state average of $121,600 and is much lower than the national average of $175,700. The median year that a house in Somerset Area was built is 1984, which is newer than the median year for a house built in the state which is 1978 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 18,315 Owner Occupied Houses in Somerset Area, #596
Somerset Area
105,100 USD
Kentucky
121,600 USD
U.S.
175,700 USD
Median House Price Growth Since 2005-2009, see rank
Somerset Area
13.38%
Kentucky
40.25%
U.S.
46.91%

*The Somerset Area median house price growth rate is since 2005-2009. The Kentucky and U.S population growth rate is since 2000.
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Somerset AreaKentuckyU.S.
Total Housing Units31,310, see rank, 100%1,938,836132,741,033
Occupied Housing Units26,052, 83.21%, see rank87.80%87.55%
Owner Occupied18,315, 58.50%, see rank59.42%56.34%
Renter Occupied7,737, 24.71%, see rank28.38%31.21%
Vacant Housing Units5,258, 16.79%, see rank12.20%12.45%
For Rent1,042, 3.33%, see rank2.04%2.34%
For Sale Only315, 1.01%, see rank1.33%1.20%
Rented or Sold, Not Occupied802, 2.56%, see rank1.59%0.92%
For Seasonal, Recreational, or Occasional Use2,361, 7.54%, see rank2.24%3.97%
For Migrant Workers0, 0.00%, see rank0.03%0.03%
Other Vacant738, 2.36%, see rank4.97%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #137
Somerset AreaKentuckyU.S.
198419781976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Somerset Area%KentuckyU.S.
Owner-Occupied Units18,315100%1,152,01274,787,460
With a Mortgage10,10755.18%, see rank60.42%65.58%
Without a Mortgage8,20844.82%, see rank39.58%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Somerset Area
952 USD
Kentucky
1,124 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsSomerset Area%KentuckyU.S.
$299 or Less260.26%, see rank0.45%0.20%
$300 to $4997347.26%, see rank4.00%1.59%
$500 to $6991,71817.00%, see rank10.65%5.01%
$700 to $9993,00729.75%, see rank24.79%14.32%
$1,000 to $1,4993,07830.45%, see rank34.58%27.90%
$1,500 to $1,9998178.08%, see rank14.86%20.35%
$2,000 to $2,9995895.83%, see rank8.07%19.52%
$3,000 or More1381.37%, see rank2.60%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Somerset Area
22.10% of the Total Income
Kentucky
21.20% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Somerset Area%KentuckyU.S.
10% or Less5665.60%, see rank7.42%5.86%
10% to 20%3,79337.53%, see rank38.63%31.95%
20% to 30%2,65426.26%, see rank26.40%27.64%
30% to 40%1,16711.55%, see rank11.52%13.74%
40% or More1,86018.40%, see rank15.53%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Somerset Area
295 USD
Kentucky
336 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsSomerset Area%KentuckyU.S.
$199 or Less1,70120.72%, see rank15.39%7.76%
$200 to $2992,52830.80%, see rank25.19%14.70%
$300 to $4992,89635.28%, see rank40.30%34.63%
$500 to $6997008.53%, see rank13.29%21.16%
$700 or More3834.67%, see rank5.82%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Somerset Area
11.70% of the Total Income
Kentucky
10.90% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Somerset Area%KentuckyU.S.
10% or Less3,50542.70%, see rank45.97%40.19%
10% to 20%2,31228.17%, see rank30.79%31.47%
20% to 30%1,06512.98%, see rank10.69%12.24%
30% to 40%3794.62%, see rank4.50%5.64%
40% or More87110.61%, see rank6.79%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Somerset AreaKentuckyU.S.
Total Housing Units31,310, 100%1,938,836132,741,033
1-unit, Detached20,586, 65.75%, see rank67.21%61.65%
1-unit, Attached380, 1.21%, see rank2.45%5.82%
2 Units968, 3.09%, see rank3.05%3.75%
3 or 4 Units1,567, 5.00%, see rank4.01%4.43%
5 to 9 Units722, 2.31%, see rank4.66%4.78%
10 or More Units795, 2.54%, see rank6.39%13.08%
Mobile Home, Boat, RV, Van, etc.6,292, 20.10%, see rank12.23%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Somerset AreaKentuckyU.S.
Total Housing Units31,310, 100%1,938,836132,741,033
1 Room278, 0.89%, see rank1.31%1.95%
2 Rooms553, 1.77%, see rank1.58%2.48%
3 Rooms1,587, 5.07%, see rank6.92%9.13%
4 Rooms5,321, 16.99%, see rank16.56%16.60%
5 Rooms9,336, 29.82%, see rank22.96%20.41%
6 Rooms5,340, 17.06%, see rank19.01%18.06%
7 Rooms3,562, 11.38%, see rank12.52%12.27%
8 Rooms2,295, 7.33%, see rank8.32%8.48%
9 Rooms or More3,038, 9.70%, see rank10.81%10.60%
Median Rooms5.30, see rank5.505.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Somerset AreaKentuckyU.S.
Total Housing Units31,310, 100%1,938,836132,741,033
No Bedroom281, 0.90%, see rank1.42%2.17%
1 Bedroom2,364, 7.55%, see rank8.44%11.16%
2 Bedrooms9,624, 30.74%, see rank27.38%26.69%
3 Bedrooms14,279, 45.61%, see rank44.95%39.70%
4 Bedrooms3,660, 11.69%, see rank14.32%16.05%
5 or More Bedrooms1,102, 3.52%, see rank3.49%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Somerset AreaKentuckyU.S.
Total Housing Units26,052, 100%1,702,235116,211,092
Utility Gas2,725, 10.46%, see rank38.22%48.85%
Bottled, Tank, or LP Gas1,025, 3.93%, see rank6.49%4.86%
Electricity20,316, 77.98%, see rank50.50%36.68%
Fuel Oil, Kerosene, etc.570, 2.19%, see rank1.03%5.86%
Coal or Coke21, 0.08%, see rank0.25%0.12%
Wood1,332, 5.11%, see rank2.95%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel1, 0.00%, see rank0.30%0.47%
No Fuel Used62, 0.24%, see rank0.24%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalSomerset AreaKentuckyU.S.
Occupied Units Paying Rent6,709, 100%496,53639,201,928
$199 or Less211, 3.15%, see rank3.01%1.50%
$200 to $299530, 7.90%, see rank5.28%3.18%
$300 to $4991,765, 26.31%, see rank15.95%7.37%
$500 to $6992,181, 32.51%, see rank30.85%16.01%
$700 to $9991,680, 25.04%, see rank29.97%29.17%
$1,000 to $1,499331, 4.93%, see rank12.25%26.88%
$1,500 to $1,99911, 0.16%, see rank1.85%9.79%
$2,000 or More0, 0.00%, see rank0.83%6.10%
Median$579, see rank$667$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Somerset AreaKentuckyU.S.
Occupied Housing Units26,052, 100%1,702,235116,211,092
No Vehicles Available1,892, 7.26%, see rank7.85%9.12%
1 Vehicles Available9,219, 35.39%, see rank33.49%33.80%
2 Vehicles Available9,599, 36.85%, see rank38.04%37.48%
3 or More Vehicles Available5,342, 20.51%, see rank20.62%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
The USA.com website and domain are privately owned and are not operated by or affiliated with any government or municipal authority.
© 2024 World Media Group, LLC.