HomeKentuckyPulaski CountySomerset city
Somerset city, Kentucky: commercial real estate data.
Somerset city is a Census city of 12,216 people across 14.76 square miles of land, in Pulaski County. Median household income is $34,704, 48.9 percent of occupied homes are owned, and the SBA record carries 16 7(a) approvals to borrowers here worth $5.2 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Somerset
What Somerset is
- Census place typecity
- Land area14.76 sq mi
- Water area0.02 sq mi
- Population per square mile of land828
- County holding the largest share of its areaPulaski County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
How many people live in Somerset
- Population12,216
- Median age39.8
- Population under 182,661
- Share under 1821.8 percent
- Population 65 and over2,488
- Share 65 and over20.4 percent
- Households4,951
- Family households2,687
- Share of households that are families54.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
Income and work in Somerset
- Median household income$34,704
- Per capita income$26,476
- Civilian labor force4,873
- Employed4,447
- Unemployed426 plus or minus 180
- Unemployment rate8.7 percent plus or minus 3.6
- Adults 25 and over8,649
- Adults 25 and over with a high school diploma or higher84.5 percent
- Adults 25 and over with a bachelor degree or higher19.9 percent
- Adults 25 and over with a graduate degree9.6 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
Housing in Somerset
- Housing units5,506
- Occupied units4,951
- Vacant units555 plus or minus 234
- Vacancy rate10.1 percent plus or minus 4.2
- Owner occupied2,419
- Renter occupied2,532
- Ownership rate48.9 percent
- Median owner-occupied home value$144,000
- Median gross rent, monthly$775
- Annual rent as a share of median income26.8 percent
- Single family units3,648
- Share single family66.3 percent
- Units in buildings of two or more1,695 plus or minus 353
- Share in buildings of two or more30.8 percent
- Mobile homes163 plus or minus 113
- Median year structure built1977
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
How Somerset gets to work
- Workers 16 and over who commute4,062
- Commuting under 15 minutes1,798 plus or minus 359
- Share commuting under 15 minutes44.3 percent
- Commuting 30 minutes or more954 plus or minus 298
- Share commuting 30 minutes or more23.5 percent plus or minus 6.9
- Drove alone71.4 percent
- Carpooled16.1 percent plus or minus 5.5
- Public transport0.0 percent
- Walked2.6 percent plus or minus 2.4
- Worked from home8.7 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
SBA loans in Somerset (7(a))
- Approvals16
- Gross approval$5,210,900
- Average approval$325,681
- Median approval$304,400
- Ninetieth percentile approval$640,000
- Largest approval$1,550,000
- Jobs supported154
- Jobs per approval9.6
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more18.8 percent
- Share to franchises6.3 percent
- Distinct lenders10
- Distinct industries by NAICS14
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Somerset
SBA loans in Somerset (504)
- Approvals6
- Gross approval$3,186,000
- Average approval$531,000
- Median approval$598,000
- Largest approval$1,009,000
- Jobs supported182
- Loans with a final outcome4
- Charged off1
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Pulaski County, not Somerset
Pulaski County context, not Somerset figures
These are Pulaski County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Somerset measurements.
- Establishments in Pulaski County1,454
- Employment at those establishments, Pulaski County21,712
- Covered employment, Pulaski County26,252
- Average annual pay, Pulaski County$48,057
- Average weekly wage, Pulaski County$924
- Housing units permitted, Pulaski County122
- Of those, single family, Pulaski County49
- County product, 2024, Pulaski County$3,033,421,000
- County product change over the prior year, Pulaski County3.7 percent
- Average income of an arriving household, Pulaski County$51,608
Every figure in this section is published for Pulaski County as a whole and is not a measurement of Somerset. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Somerset questions, answered from the record.
How many people live in Somerset, Kentucky?
12,216, in 4,951 households. Somerset city covers 14.76 square miles of land, which is 828 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Somerset in?
Pulaski County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Somerset?
$34,704. The median owner-occupied home is valued at $144,000. Median gross rent is $775 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Somerset businesses?
16 7(a) approvals totalling $5.2 m, across 10 lenders, median approval $304,400, plus 6 504 approvals worth $3.2 m. These count approvals to borrowers whose address is in Somerset, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Somerset borrowers get paid back?
No rate is published for Somerset. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Somerset figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Pulaski County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Somerset.
Is zoning published for Somerset?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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