Somerset County, Maryland: commercial real estate data.
Somerset County, Maryland had an estimated 25,241 residents on July 1, 2024, up 2.5 percent since the 2020 census base of 24,619, across 320 square miles. County output reached $1.23 bn in 2024, 360 establishments operate here, and the SBA record carries 6 7(a) approvals worth $1.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Somerset County
How many people live in Somerset County
- Population, American Community Survey 2020-202424,822
- Households8,348
- Average household size2.97
- Median household income$64,943
- Median age38.1
- Median gross rent$1,013 per month
- Median owner-occupied home value$173,200
- Home value to household income2.7 times
- Annual rent as a share of median income18.7 percent
- Adults 25 and over with a bachelor degree or higher19.4 percent
- Adults 25 and over with a graduate degree7.6 percent
- Adults 25 and over17,423
- Population under 184,336
- Share under 1817.5 percent
- Population 65 and over4,419
- Share 65 and over17.8 percent
- Working age population, 18 to 6416,067
- Civilian labor force9,705
- Unemployment rate7.5 percent
- Labor force participation, adults 18 and over47.4 percent
- Rank by population among Maryland counties23rd of 24
- Rank by population among US county-equivalents, Puerto Rico included1671st of 3,222
Somerset County is the 23rd largest of 24 Maryland counties by population. A median home costs 2.7 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 17.8 percent against 17.5 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Somerset County
Is Somerset County's population growing?
- Population, July 1, 202425,241
- Census 2020 base population24,619
- Population change since the 2020 census base2.53 percent
- Population change, 2023 to 2024197
- Births, 2024265
- Deaths, 2024332
- Natural change, 2024-67
- Net domestic migration, 2024172
- Net international migration, 202492
- Total net migration, 2024264
- Cumulative net domestic migration, 2021 to 2024722
- Rank by growth among US county-equivalents1001st of 3,144
The county has grown 2.53 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Somerset County
Where are people moving to Somerset County from?
- Tax returns filed by households arriving634
- People arriving, from those returns1,185
- Tax returns filed by households leaving525
- Net household movement109
- Adjusted gross income arriving$31.2 m
- Net adjusted gross income movement$11.7 m
- Average income of an arriving household$49,248
- Average income of a leaving household$37,219
- Largest single originWicomico County (221 households)
- Largest single destinationWicomico County (203 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Wicomico County | 221 | 413 | $9.6 m |
| Worcester County | 69 | 134 | $2.7 m |
| Sussex County | 28 | 57 | $830,000 |
| Baltimore city | 26 | 30 | $545,000 |
| Accomack County | 23 | 49 | $1.2 m |
| Baltimore County | 20 | 32 | $886,000 |
Households arriving report $12,029 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Wicomico County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Somerset County
What is the Somerset County economy?
- County GDP, 2024$1.23 bn
- County GDP, 2023$1.06 bn
- GDP change, 2023 to 202416.3 percent
- GDP change over five years44.2 percent
- Rank by GDP among the Maryland areas BEA publishes24th of 24
- Rank by GDP among the US county areas BEA publishes1684th of 3,127
- GDP per resident$49,582
Output grew 16.3 percent in the latest year and 44.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Somerset County
Employment by industry in Somerset County
- Covered employment, annual average6,963
- Establishments reporting452
- Average annual pay$58,162
- Average weekly wage$1,119
- Health care and social assistance, employment920
- Health care and social assistance, average annual pay$44,576
- Retail trade, employment558
- Retail trade, average annual pay$31,453
- Manufacturing, employment493
- Manufacturing, average annual pay$55,137
- Wholesale trade, employment444
- Wholesale trade, average annual pay$77,370
- Accommodation and food services, employment299
- Construction, employment284
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 920 | 59 | $44,576 |
| Retail trade | 558 | 63 | $31,453 |
| Manufacturing | 493 | 20 | $55,137 |
| Wholesale trade | 444 | 13 | $77,370 |
| Accommodation and food services | 299 | 32 | $22,291 |
| Construction | 284 | 53 | $53,580 |
| Other services, except public administration | 164 | 26 | $46,569 |
| Agriculture, forestry, fishing and hunting | 126 | 21 | $60,341 |
Health care and social assistance is the largest private sector at 920 jobs, 13.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Somerset County
How many businesses are in Somerset County?
- Establishments, all industries360
- Employment at those establishments4,141
- Annual payroll$193.3 m
- Establishments per 1,000 residents14.5
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Somerset County
Building permits in Somerset County
- Housing units authorized by permit, 202447
- Declared construction value permitted$9.6 m
- Single family units authorized45
- Multifamily units authorized2
- Multifamily share of units4.3 percent
- Average declared value per unit$205,316
- Units authorized per 1,000 households5.6
Single-family homes are 95.7 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Somerset County
SBA loans in Somerset County (7(a) and 504)
- 7(a) approvals recorded6
- 7(a) gross approval dollars$1.2 m
- Average 7(a) approval$193,333
- Median 7(a) approval$57,500
- Largest single approval$800,000
- Jobs reported supported, 7(a)19
- Jobs per approval3.2
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals5
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter5
- Franchise loans0
- Franchise share of approvals0.0 percent
- Most active lenderManufacturers and Traders Trust Company (3)
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Somerset County
SBA loan default and charge-off rates in Somerset County
Do SBA loans in Somerset County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure5
- Status: Cancelled1
Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Somerset County
SBA lending by place in Somerset County
- Borrower cities with recorded lending2
- Princess Anne, approvals4
- Crisfield, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Princess Anne | 4 | $960,000 |
| Crisfield | 2 | $200,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Somerset County
How large is Somerset County?
- Land area320 sq mi
- Rank by land area among Maryland counties18th of 24
- Width, east to west28.2 mi
- Height, north to south25.8 mi
- Geographies sharing a boundary4
- Residents per square mile of land78
- Establishments per square mile1.13
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Somerset County
Flood risk in Somerset County
- Participation of the county's own NFIP community Somerset County, unincorporated areasParticipating, community 240061
- Community Rating System class of the county's own communityClass 7
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class1
- Radon levels in Somerset County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Somerset County (community 240061), participates in the National Flood Insurance Program and carries Community Rating System class 7, a flood insurance premium discount for policies written there. The EPA places Somerset County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 7, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, 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 →
Feasibility studies
When a Somerset County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Somerset County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202424,822
- Households8,348
- Average household size2.97
- Median household income$64,943
- Median age38.1
Common questions
Somerset County questions, answered from the record.
How many people live in Somerset County, Maryland?
The Census Bureau estimates 25,241 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 24,822, in 8,348 households, ranking 23rd of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Somerset County's population growing?
The population has grown 2.53 percent since the 2020 census base of 24,619, to 25,241 on July 1, 2024. In 2024 there were 265 births against 332 deaths, with net migration of 264. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Somerset County?
$64,943. The median owner-occupied home is valued at $173,200, which is 2.7 times income, and median gross rent is $1,013 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Somerset County?
360 establishments, employing 4,141 people with an annual payroll of $193.3 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Somerset County?
Health care and social assistance is the largest private sector at 920 jobs, 13.2 percent of covered employment. Covered employment averages 6,963 jobs at an average annual pay of $58,162, or $1,119 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Somerset County?
6 7(a) approvals totaling $1.2 m since FY2020, across 3 lenders, with a median approval of $57,500. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Somerset County?
47 housing units were authorized by permit in 2024, with a declared construction value of $9.6 m. Multifamily was 4.3 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Somerset County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Somerset County come from?
The largest single origin is Wicomico County, with 221 households. Arriving households report an average income of $49,248 against $37,219 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Somerset County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Somerset County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Somerset County
Cities and places in Somerset.
11 Census places lie wholly or partly in Somerset County. All 11 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Princess Anne | town | 3,569 | 4 | Wholly in this county |
| Crisfield | city | 2,499 | 2 | Wholly in this county |
| Mount Vernon | CDP | 1,067 | None recorded | Wholly in this county |
| Eden | CDP | 1,053 | None recorded | Wholly in this county |
| West Pocomoke | CDP | 548 | None recorded | Wholly in this county |
| Fairmount | CDP | 440 | None recorded | Wholly in this county |
| Smith Island | CDP | 345 | None recorded | Wholly in this county |
| Deal Island | CDP | 341 | None recorded | Wholly in this county |
| Chance | CDP | 230 | None recorded | Wholly in this county |
| Dames Quarter | CDP | 226 | None recorded | Wholly in this county |
| Frenchtown-Rumbly | CDP | 52 | None recorded | Wholly in this county |
Nearby