HomeKentuckyPulaski CountySomerset
Somerset, Kentucky: commercial real estate data.
Somerset 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 since FY2020.
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$227,200
- 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
Counted by borrower city: approvals to borrowers whose address is in Somerset, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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$583,500
- Largest approval$1,009,000
- Jobs supported182
- Loans with a final outcome4
- Charged off1
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Somerset, in any county, FY2010 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Somerset
Flood risk in Somerset
- NFIP communityCity of Somerset
- NFIP community number210199
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/22/10(M)
The City of Somerset participates in the National Flood Insurance Program as community 210199 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Pulaski County, not Somerset
Pulaski County context, not Somerset figures
- Establishments in Pulaski County1,454
- Covered employment, Pulaski County26,252
- Average annual pay, Pulaski County$48,057
- Housing units permitted, Pulaski County122
Every figure in this section is published for Pulaski County as a whole and is not a measurement of Somerset.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $5.2 m since FY2020, across 10 lenders, median approval $227,200, plus 6 504 approvals worth $3.2 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Somerset in the National Flood Insurance Program?
Yes. Somerset appears in the FEMA Community Status Book as Somerset, city of, community 210199, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Somerset figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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