Somerset, PA Real Estate
According to census data in the year 2000 there were 3,309 housing units in Somerset.
This represents a 6.7% growth from 3,100 in 1990.
Of those housing units, 3,309 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 50.3%.
Somerset's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.09 people.
The majority of houses, apartments or condos in Somerset were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 19.60% |
| Two Bedrooms | 29% |
| Three Bedrooms | 37% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $88,900 |
| Median Price asked for vacant units | $123,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.69 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $301 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 40% |
| Debt Free | 44.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
