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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.50% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 50.40% |
| Four Bedrooms | 15.80% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $144,800 |
| Median Price asked for vacant units | $98,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.73 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $537 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 48% |
| Debt Free | 36.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
