Somerset Metro Area, PA Housing

Somerset, PA Metro Area is a great place to own a home. According to the data above, the median housing value in Somerset is $141,800, which is significantly lower than the US median housing value of $338,100. The US has seen an 8.27% appreciation rate over the past year, while Somerset has seen an even higher rate of 10.64%. This makes it a great time for buying and investing in real estate in this area. With these excellent appreciation rates and low median house values, Somerset offers an ideal market for homeowners and investors alike.

The median home cost in Somerset Metro Area is $141,800. Home appreciation the last 10 years has been 48.0%. Home Appreciation in Somerset Metro Area is up 14.5%.

Average Age of Homes

- The median age of Somerset Metro Area real estate is 53 years old

The Rental Market in Somerset Metro Area

- Renters make up 17.2% of the Somerset Metro Area population
- 1.1% of houses and apartments in Somerset Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Somerset, Pennsylvania	United States
	37,769.0	139,647,020.0
	58	42
	$141,800	$338,100
	14.5%	16.6%
	41.4%	57.0%
	48.0%	101.1%
	$12.00	$10.98
	$1,376	$2,690
	61.5%	57.4%
	23.6%	11.2%
	14.9%	31.4%
Vacant Housing
	1.1%	1.9%
	0.8%	0.4%
	0.7%	0.7%
	0.6%	0.4%
	13.9%	3.6%
	6.6%	4.1%
Value of Owner-Occupied Housing
	4.6%	2.6%
	5.5%	2.4%
	8.3%	2.8%
	12.0%	3.9%
	12.2%	4.5%
	21.8%	11.3%
	13.9%	13.0%
	13.0%	20.1%
	4.8%	13.6%
	1.6%	8.3%
	1.8%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.4%	13.6%
	6.4%	13.6%
	10.1%	13.6%
	9.9%	13.2%
	14.8%	14.8%
	10.1%	13.6%
	10.2%	10.0%
	7.5%	4.7%
	29.8%	12.2%

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