2025 Compare Cities Housing:
Somerset, KY vs Lapeer, MI

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Highlights
- The median age of a home in Somerset is 4.3% older than the median age of a home in Lapeer.
 Somerset, KYLapeer, MIUnited States
 Median Home Age47  Unlock42
 Median Home Cost  Unlock$222,900$338,100
 Home Appr. Last 12 months16.7%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock53.0%57.0%
 Home Appr. Last 10 yrs.64.4%  Unlock101.1%
 Property Tax Rate  Unlock$10.4$11.0
 Homes Owned42.6%  Unlock57.4%
 Housing Vacant  Unlock6.4%11.2%
 Homes Rented45.4%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Somerset, KYLapeer, MIUnited States
 Average Rent  Unlock$1,290$1,840
 Studio Apartment$530  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$830$1,180
 2 Bedroom Home or Apartment$800  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,310$1,860
 4 Bedroom Home or Apartment$1,080  Unlock$2,160
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 Vacant Housing
 Somerset, KYLapeer, MIUnited States
 Vacant For Rent  Unlock2.3%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock1.4%0.7%
 Vacant Sold0.8%  Unlock0.4%
 Vacant Vacation  Unlock0.0%3.6%
 Vacant Other4.8%  Unlock4.1%
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 Owner-Occupied Housing Value
 Somerset, KYLapeer, MIUnited States
 Less Than $20,000  Unlock13.4%2.6%
 $20,000 to $39,9993.5%  Unlock2.4%
 $40,000 to $59,999  Unlock3.8%2.8%
 $60,000 to $79,99911.9%  Unlock3.9%
 $80,000 to $99,999  Unlock7.5%4.5%
 $100,000 to $149,99928.7%  Unlock11.3%
 $150,000 to $199,999  Unlock23.0%13.0%
 $200,000 to $299,99914.5%  Unlock20.1%
 $300,000 to $399,999  Unlock3.1%13.6%
 $400,000 to $499,9991.0%  Unlock8.3%
 $500,000 to $749,999  Unlock0.0%9.7%
 $750,000 to $999,9991.8%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
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 Housing Units By Year Built
 Somerset, KYLapeer, MIUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock8.1%13.6%
 2000 to 200914.2%  Unlock13.6%
 1990 to 1999  Unlock17.4%13.6%
 1980 to 198912.3%  Unlock13.2%
 1970 to 1979  Unlock21.2%14.8%
 1960 to 19698.6%  Unlock13.6%
 1950 to 1959  Unlock5.1%10.0%
 1940 to 19496.1%  Unlock4.7%
 1939 or Earlier  Unlock17.4%12.2%
Reviews for Somerset    7 Reviews

Over 11 years ago

There is certainly a small town atmosphere here. It seems as if there is a high percentage of the population that wants to get Somerset "on the map", but they want to do  More

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Over 15 years ago

I have lived here since 1989. My family moved me here from Chicago Ill when I was 5 years old. Growing up in this place, I can tell you first hand what you children will  More

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Over 17 years ago

I wanted to post facts on somerset on my previous post because sometimes on bestplaces.net it is just opinions and those can be misleading or one-sided. So I posted  More

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Reviews for Lapeer    3 Reviews

Over 5 years ago

I grew up in Lapeer in the summers of the 1950s. I retired to Florida, but now I am ready to admit my mistake and go back. I love  More

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I've lived in Lapeer for 17 years now and it is a great place to raise a family. It's got everything you need on a regular basis, shopping, grocery stores and  More

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Over 17 years ago

Small town atmosphere, very few jobs available, mostly small manufacturing jobs and retail. Economic downfall, city relies mostly on automotive manufacturing in major  More

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