Zip 42501 (Somerset, KY) Housing

The housing in 42501 Somerset, KY is a great investment for those looking to buy a home. The median value of homes in this area is $153,100 which is much lower than the US median value of $338,100. According to recent data, the 1 year house appreciation rate in this area is 12.90%, well above the US average of 8.27%. This makes 42501 Somerset an even more attractive option for potential home buyers who are looking for an excellent return on their investment.

The median home cost in Somerset (zip 42501) is $153,100. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Somerset (zip 42501) is up 16.7%.

Average Age of Homes

- The median age of Somerset (zip 42501) real estate is 41 years old

The Rental Market in Somerset (zip 42501)

- Renters make up 33.9% of the Somerset (zip 42501) population
- 4.4% of houses and apartments in Somerset (zip 42501), 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, Kentucky	United States
	7,880.0	139,647,020.0
	43	42
	$153,100	$338,100
	16.7%	16.6%
	49.8%	57.0%
	64.4%	101.1%
	$8.25	$10.98
	$844	$2,690
	51.5%	57.4%
	17.9%	11.2%
	30.6%	31.4%
Vacant Housing
	4.4%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	3.3%	3.6%
	9.6%	4.1%
Value of Owner-Occupied Housing
	8.8%	2.6%
	7.6%	2.4%
	10.9%	2.8%
	9.9%	3.9%
	11.3%	4.5%
	24.3%	11.3%
	13.6%	13.0%
	6.6%	20.1%
	1.8%	13.6%
	2.3%	8.3%
	0.7%	9.7%
	1.0%	3.9%
	1.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	18.2%	13.6%
	18.2%	13.6%
	14.6%	13.6%
	6.4%	13.2%
	23.4%	14.8%
	14.6%	13.6%
	6.0%	10.0%
	4.7%	4.7%
	10.9%	12.2%

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