Zip 15501 (Somerset, PA) Housing

The median value of housing in 15501 Somerset, PA is $168,000. This is significantly lower than the US median value of $338,100 and demonstrates that Somerset is a more affordable housing market than the national average. The 1 year appreciation rate in Somerset is also higher than the national average at 10.35%, suggesting that it is a growing and desirable area for those looking to invest in real estate.

The median home cost in Somerset (zip 15501) is $168,000. Home appreciation the last 10 years has been 51.5%. Home Appreciation in Somerset (zip 15501) is up 14.3%.

Average Age of Homes

- The median age of Somerset (zip 15501) real estate is 46 years old

The Rental Market in Somerset (zip 15501)

- Renters make up 27.0% of the Somerset (zip 15501) population
- 1.0% of houses and apartments in Somerset (zip 15501), 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
	7,353.0	139,647,020.0
	55	42
	$168,000	$338,100
	14.3%	16.6%
	43.1%	57.0%
	51.5%	101.1%
	$12.00	$10.98
	$2,114	$2,690
	59.4%	57.4%
	15.1%	11.2%
	25.5%	31.4%
Vacant Housing
	1.0%	1.9%
	1.2%	0.4%
	1.3%	0.7%
	0.0%	0.4%
	5.4%	3.6%
	6.3%	4.1%
Value of Owner-Occupied Housing
	5.3%	2.6%
	3.5%	2.4%
	5.1%	2.8%
	11.0%	3.9%
	8.7%	4.5%
	23.5%	11.3%
	15.8%	13.0%
	15.0%	20.1%
	6.7%	13.6%
	2.4%	8.3%
	2.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	8.9%	13.6%
	9.6%	13.2%
	16.5%	14.8%
	8.9%	13.6%
	13.2%	10.0%
	5.0%	4.7%
	25.1%	12.2%

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