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Somerset city, KY

ZIP 42501 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 42501

Median Home Value
$131,400
Median Rent
$572
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$844/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 42501 in Somerset city, KY, a household would need roughly $36,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $844. That sits below the local median household income ($49,449), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.0%-4% vs US avg
x
Vacancy Rate
17.3%+68% vs US avg
x
Broadband Access
85.2%-2% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
24.9%-50% vs US avg
x
Mortgage-Free
50.9%+33% vs US avg
x
$131,400
Home Value
$572
Rent
1977
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.2%
  • 1-unit attached2.0%
  • 2-9 units9.5%
  • 10+ units2.2%
  • Mobile home & other17.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$131,400
Median rent$572
Owner-occupied63.0%
Vacant17.3%
Price-to-income2.7x
Est. income to buy$36,000