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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 3.60% |
| Three Bedrooms | 37% |
| Four Bedrooms | 35.40% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.20% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 45.30% |
| Debt Free | 30.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
