Zip 42503 (Somerset, KY) Housing

The housing market in 42503 Somerset, KY is thriving. The median value for a house in this area is $225,700, which is significantly lower than the US House Median Value of $338,100. In the past year, the appreciation rate of houses in this area has been 12.90%, compared to the national rate of 8.27%. This shows that housing in 42503 Somerset, KY is appreciating faster than that of the national average and could be a great investment opportunity for potential buyers.

The median home cost in Somerset (zip 42503) is $225,700. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Somerset (zip 42503) is up 16.7%.

Average Age of Homes

- The median age of Somerset (zip 42503) real estate is 28 years old

The Rental Market in Somerset (zip 42503)

- Renters make up 27.2% of the Somerset (zip 42503) population
- 1.7% of houses and apartments in Somerset (zip 42503), 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
	11,295.0	139,647,020.0
	30	42
	$225,700	$338,100
	16.7%	16.6%
	49.8%	57.0%
	64.4%	101.1%
	$6.91	$10.98
	$1,062	$2,690
	61.3%	57.4%
	11.2%	11.2%
	27.5%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	1.4%	0.7%
	0.9%	0.4%
	3.0%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	3.2%	2.4%
	6.1%	2.8%
	3.8%	3.9%
	10.6%	4.5%
	21.6%	11.3%
	19.9%	13.0%
	19.0%	20.1%
	7.3%	13.6%
	2.3%	8.3%
	1.8%	9.7%
	0.6%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	18.5%	13.6%
	18.5%	13.6%
	24.7%	13.6%
	14.9%	13.2%
	15.5%	14.8%
	24.7%	13.6%
	5.9%	10.0%
	0.7%	4.7%
	3.3%	12.2%

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