What percentage of people rent in Somerset, KY?

51.1% (±5.7 points) of the occupied homes in Somerset, KY are rented (2020–2024 American Community Survey).

That is 2,532 renting households against 2,419 that own their home.

In Somerset, the share of households that rent went from 56.2% in 2015–2019 to 51.1% in 2020–2024 (−5.1 percentage points), not a measurable change.

Figures last updated on .

Households that rent
51.1% (±5.7 points)
Renting households
2,532 (±320)
Median renter income
$25,959 (±$3,498)

Who rents and who owns in Somerset

Tenure, estimate (90% margin of error)
SomersetPulaski CountyKentuckyUnited States
Renter-occupied share51.1% (±5.7 points)27.5% (±2.2 points)31.7% (±0.3 points)34.8%
Renting households2,532 (±320)7,214 (±644)574,561 (±5,417)45,017,354
Owning households2,419 (±329)18,996 (±632)1,239,908 (±8,203)84,210,142
Average renter household size2.5 (±0.2)2.5 (±0.1)2.2 (±0.0)2.3
Average owner household size2.1 (±0.2)2.5 (±0.1)2.5 (±0.0)2.6
Median renter household income$25,959 (±$3,498)$29,291 (±$2,287)$39,858 (±$584)$52,966
Median owner household income$62,019 (±$25,350)$63,133 (±$4,015)$78,998 (±$476)$100,009

In Somerset, the renter share is higher than in Pulaski County (27.5%).

It is also higher than in Kentucky (31.7%).

It is higher than the national figure (34.8%).

In Pulaski County, Somerset ranks 1 of 5 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 62 of 448.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Somerset has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent56.2% (±5.2 points)51.1% (±5.7 points)−5.1 percentage pointsNot a measurable change
Median gross rent$657 (±$43)$775 (±$34)+18.0%No measurable change after inflation
Median household income$29,611 (±$6,769)$34,704 (±$4,325)+17.2%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Somerset

Nearest places with a published estimate, compared with Somerset
PlaceDistanceHouseholds that rentCompared with this place
Somerset—51.1% (±5.7 points)—
Ferguson1.7 mi31.1% (±11.0 points)Lower
Burnside6.1 mi14.0% (±8.0 points)Lower
Science Hill6.2 mi36.5% (±13.9 points)Not measurably different
Eubank14 mi40.0% (±14.7 points)Not measurably different
Monticello22 mi46.2% (±8.5 points)Not measurably different
Mount Vernon24 mi49.5% (±7.9 points)Not measurably different
Liberty24 mi45.8% (±11.7 points)Not measurably different
Brodhead24 mi55.1% (±10.0 points)Not measurably different

Nearby places with a measurably lower figure: Ferguson, KY (31.1%), Burnside, KY (14.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Pulaski County, place by place

RankPlaceHouseholds that rent
1Somerset51.1% (±5.7 points)
2Eubank40.0% (±14.7 points)
3Science Hill36.5% (±13.9 points)
4Ferguson31.1% (±11.0 points)
5Burnside14.0% (±8.0 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Somerset

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Somerset, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Somerset beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Somerset, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Somerset

How many renters are there in Somerset?

Somerset has an estimated 2,532 (±320) renting households, 51.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Somerset?

In Somerset, the share of households that rent went from 56.2% in 2015–2019 to 51.1% in 2020–2024 (−5.1 percentage points), not a measurable change.

How big are renting households in Somerset?

A renting household in Somerset has 2.5 people on average, against 2.1 in an owned home.

How much do renters earn in Somerset?

The median renting household in Somerset, KY has an income of $25,959 (±$3,498) a year, against $62,019 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Somerset city, Kentucky (place:71688, in state:21).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

Related