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Real Estate Prices & Overview

Somerset West median real estate price is $243,888, which is more expensive than 57.9% of the neighborhoods in Kentucky and 29.5% of the neighborhoods in the U.S.

The average rental price in Somerset West is currently $1,397, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.8% of Kentucky neighborhoods.

Somerset West is a suburban neighborhood (based on population density) located in Somerset, Kentucky.

Somerset West real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Somerset West neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Somerset West are 3.6%, which is lower than one will find in 76.3% of American neighborhoods. Demand for real estate in Somerset West is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Somerset, the Somerset West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of particular note, 14.7% of the people in the Somerset West neighborhood currently reside in a correction facility, held due to punishment for a crime.

In addition, one of the unique characteristics of the Somerset West neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.9% of the neighborhoods in America. The Somerset West neighborhood also has a greater percentage of children living in poverty (56.4%) than found in 96.0% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Somerset West neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Somerset West neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 59.7% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Somerset West neighborhood has more Scottish and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.2% of this neighborhood's residents have Scottish ancestry and 3.2% have Scots-Irish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Somerset West neighborhood in Somerset are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.9% of U.S. neighborhoods. With 56.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.0% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Somerset West neighborhood, 35.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.6%), and 10.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Somerset West neighborhood is English, spoken by 88.2% of households. Some people also speak Spanish (11.8%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Somerset West neighborhood in Somerset, KY, residents most commonly identify their ethnicity or ancestry as English (17.7%). There are also a number of people of Mexican ancestry (15.6%), and residents who report Irish roots (5.9%), and some of the residents are also of Scottish ancestry (5.2%), along with some German ancestry residents (4.8%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Somerset West neighborhood spend under 15 minutes commuting one-way to work (59.7% of working residents), one of the shortest commutes across America.

Here most residents (88.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Crime includes:
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