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 Units by Size|
|Five Bedrooms or more||24%|
Owned Homes, Apartments and Condos
|Average Household Size||2.63|
|Median year structure was built||1954|
|Median Value of occupied units||$487,600|
Rented Homes, Apartments and Condos
|Average Household Size||3.86|
|Median year structure was built||1960|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||12.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.1%|