Somerset County, Pennsylvania Housing Market Prices
Somerset County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 8% below the Pennsylvania median$140,368
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Median rent 38% below the Pennsylvania median Among the top 5 cheapest counties in Pennsylvania$753
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Somerset County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,368 | $152,469 | $248,835 |
| Price Trend (Annual %) | 11.9% | 3.7% | 7.5% |
| Median Gross Rent | $753 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Somerset County is about 8% lower than in Pennsylvania. Rent is about 38% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Somerset County, up about 11.9% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Somerset County rose about 29.9% between 2015 and 2024, from $580 to $753. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Somerset County.
Buying the median-priced home in Somerset County costs roughly 15.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Somerset County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Somerset County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,368 | $152,469 | $248,835 |
| Median Household Income | $61,709 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Somerset County rose about 68.7%, while median household income rose about 54.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Somerset County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.3% | 63.0% | 58.5% |
| Rental Rate | 15.2% | 27.9% | 31.2% |
| Vacancy Rate | 22.5% | 9.1% | 10.2% |
| Median Tenure (years) | 22.0 | 17.0 | 15.0 |
| Median Year Moved In | 2004 | 2009 | 2011 |
Somerset County has a homeownership rate of 62.3%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 22.5%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Somerset County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1962 | 1966 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Somerset County was built around 1962. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 22.0 years on average.
Somerset County, PA Housing Compared With Nearby Counties
Somerset County, PA is the 2nd largest of the 5 counties compared here, 72,817 residents against a local median of 57,356. Somerset County, PA sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 8% below the local median at $140,368 against $152,564. Somerset County, PA has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Somerset County, PA | 72,817 | $140,368 #4/5 | $753 #5/5 | 80.4% #1/5 |
| Allegany County, MD | 67,200 | $151,228 | $805 | 70.7% |
| Garrett County, MD | 28,615 | $135,588 | $765 | 79.7% |
| Bedford County, PA | 47,513 | $207,500 | $784 | 77.5% |
| Westmoreland County, PA | 352,391 | $153,899 | $878 | 78.4% |
Frequently Asked Questions
Common questions about the housing market in Somerset County, Pennsylvania.
What is the median home price in Somerset County, Pennsylvania?
The median home price in Somerset County, Pennsylvania is $140,368, lower than the Pennsylvania average of $152,469.
What is the average home price in Somerset County, Pennsylvania?
The typical home price in Somerset County, Pennsylvania, reported as the median sale price, is $140,368. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Somerset County, Pennsylvania?
The median gross rent in Somerset County, Pennsylvania is $753 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Somerset County in 2020?
In 2020, the median gross rent in Somerset County, Pennsylvania was $608 per month.
What is the price-to-rent ratio in Somerset County, Pennsylvania?
The price-to-rent ratio in Somerset County, Pennsylvania is about 15.5, meaning it would take roughly 15.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Somerset County.
Are home prices or rent rising faster in Somerset County, Pennsylvania?
Both home prices and rent are rising in Somerset County, up about 11.9% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Somerset County, Pennsylvania?
62.3% of households in Somerset County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Somerset County, Pennsylvania?
The housing vacancy rate in Somerset County, Pennsylvania is 22.5%, higher than the Pennsylvania average of 9.1%.
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