HomeMassachusettsBristol CountySomerset CDP
Somerset CDP, Massachusetts: commercial real estate data.
Somerset CDP is a Census CDP of 18,298 people across 7.90 square miles of land, in Bristol County. Median household income is $112,677, 86.9 percent of occupied homes are owned, and the SBA record carries 16 7(a) approvals to borrowers here worth $3.4 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 typeCDP
- Land area7.9 sq mi
- Water area3.99 sq mi
- Population per square mile of land2,317
- County holding the largest share of its areaBristol 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
- Population18,298
- Median age47.0
- Population under 183,458
- Share under 1818.9 percent
- Population 65 and over4,624
- Share 65 and over25.3 percent
- Households7,447
- Family households5,174
- Share of households that are families69.5 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$112,677
- Per capita income$54,376
- Civilian labor force9,661
- Employed9,346
- Unemployed315 plus or minus 163
- Unemployment rate3.3 percent plus or minus 1.7
- Adults 25 and over13,961
- Adults 25 and over with a high school diploma or higher92.3 percent
- Adults 25 and over with a bachelor degree or higher37.6 percent
- Adults 25 and over with a graduate degree15.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
Housing in Somerset
- Housing units7,686
- Occupied units7,447
- Vacant units239 plus or minus 155
- Vacancy rate3.1 percent plus or minus 2.0
- Owner occupied6,475
- Renter occupied972 plus or minus 233
- Ownership rate86.9 percent
- Median owner-occupied home value$418,800
- Median gross rent, monthly$1,271
- Annual rent as a share of median income13.5 percent
- Single family units6,514
- Share single family84.8 percent
- Units in buildings of two or more1,073 plus or minus 265
- Share in buildings of two or more14.0 percent plus or minus 3.4
- Mobile homes45 plus or minus 73
- Median year structure built1962
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 commute8,130
- Commuting under 15 minutes1,611
- Share commuting under 15 minutes19.8 percent
- Commuting 30 minutes or more3,959
- Share commuting 30 minutes or more48.7 percent
- Drove alone84.4 percent
- Carpooled2.6 percent plus or minus 1.1
- Public transport0.3 percent plus or minus 0.4
- Walked0.2 percent plus or minus 0.3
- Worked from home12.0 percent plus or minus 2.9
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$3,418,300
- Average approval$213,644
- Median approval$100,000
- Ninetieth percentile approval$666,900
- Largest approval$1,250,000
- Jobs supported217
- Jobs per approval13.6
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises18.8 percent
- Distinct lenders11
- Distinct industries by NAICS12
A charge-off rate is not published here. only 1 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)
- Approvals4
- Gross approval$4,107,000
- Average approval$1,026,750
- Median approval$791,000
- Largest approval$2,699,000
- Jobs supported10
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Bristol County, not Somerset
Bristol County context, not Somerset figures
These are Bristol 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 Bristol County13,221
- Employment at those establishments, Bristol County201,320
- Covered employment, Bristol County227,971
- Average annual pay, Bristol County$64,669
- Average weekly wage, Bristol County$1,244
- Housing units permitted, Bristol County863
- Of those, single family, Bristol County514
- County product, 2024, Bristol County$36,041,041,000
- County product change over the prior year, Bristol County5.0 percent
- Average income of an arriving household, Bristol County$75,014
Every figure in this section is published for Bristol 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, Massachusetts?
18,298, in 7,447 households. Somerset CDP covers 7.90 square miles of land, which is 2,317 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?
Bristol 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?
$112,677. The median owner-occupied home is valued at $418,800. Median gross rent is $1,271 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 $3.4 m, across 11 lenders, median approval $100,000, plus 4 504 approvals worth $4.1 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 1 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 Bristol 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.