HomePennsylvaniaSomerset CountySomerset borough
Somerset borough, Pennsylvania: commercial real estate data.
Somerset borough is a Census borough of 5,944 people across 2.73 square miles of land, in Somerset County. Median household income is $47,102, 56.9 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $25.3 m.
80 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Somerset
What Somerset is
- Census place typeborough
- Land area2.73 sq mi
- Water area0 sq mi
- Population per square mile of land2,178
- County holding the largest share of its areaSomerset 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
- Population5,944
- Median age44.5
- Population under 18950 plus or minus 204
- Share under 1816.0 percent plus or minus 3.4
- Population 65 and over1,557
- Share 65 and over26.2 percent
- Households2,845
- Family households1,313
- Share of households that are families46.2 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$47,102
- Per capita income$39,997
- Civilian labor force2,958
- Employed2,806
- Unemployed152 plus or minus 88
- Unemployment rate5.1 percent plus or minus 2.9
- Adults 25 and over4,506
- Adults 25 and over with a high school diploma or higher88.4 percent
- Adults 25 and over with a bachelor degree or higher24.0 percent plus or minus 4.9
- Adults 25 and over with a graduate degree13.3 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
Housing in Somerset
- Housing units3,319
- Occupied units2,845
- Vacant units474 plus or minus 182
- Vacancy rate14.3 percent plus or minus 5.4
- Owner occupied1,619
- Renter occupied1,226
- Ownership rate56.9 percent
- Median owner-occupied home value$163,600
- Median gross rent, monthly$678
- Annual rent as a share of median income17.3 percent plus or minus 3.7
- Single family units1,946
- Share single family58.6 percent
- Units in buildings of two or more1,181 plus or minus 267
- Share in buildings of two or more35.6 percent plus or minus 7.6
- Mobile homes192 plus or minus 74
- Median year structure built1964
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 commute2,380
- Commuting under 15 minutes1,395
- Share commuting under 15 minutes58.6 percent
- Commuting 30 minutes or more440 plus or minus 159
- Share commuting 30 minutes or more18.5 percent plus or minus 6.4
- Drove alone68.7 percent
- Carpooled16.6 percent plus or minus 6.2
- Public transport0.0 percent
- Walked5.9 percent plus or minus 4.2
- Worked from home8.2 percent plus or minus 4.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerset
SBA loans in Somerset (7(a))
- Approvals18
- Gross approval$25,293,400
- Average approval$1,405,189
- Median approval$817,200
- Ninetieth percentile approval$4,700,000
- Largest approval$5,000,000
- Jobs supported338
- Jobs per approval18.8
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term279 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises61.1 percent
- Distinct lenders6
- Distinct industries by NAICS7
A charge-off rate is not published here. only 2 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)
- Approvals3
- Gross approval$4,842,000
- Average approval$1,614,000
- Median approval$277,000
- Largest approval$4,311,000
- Jobs supported70
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Somerset
Flood risk in Somerset
- Listed NFIP communities3
- Of those, participating3
- NFIP community number420803
- Currently effective map date09/19/12
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Somerset County, not Somerset
Somerset County context, not Somerset figures
These are Somerset 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 Somerset County1,647
- Employment at those establishments, Somerset County18,678
- Covered employment, Somerset County23,303
- Average annual pay, Somerset County$50,925
- Average weekly wage, Somerset County$979
- Housing units permitted, Somerset County72
- Of those, single family, Somerset County72
- County product, 2024, Somerset County$3,037,840,000
- County product change over the prior year, Somerset County2.0 percent
- Average income of an arriving household, Somerset County$62,846
Every figure in this section is published for Somerset 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.
- 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, Pennsylvania?
5,944, in 2,845 households. Somerset borough covers 2.73 square miles of land, which is 2,178 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?
Somerset 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?
$47,102. The median owner-occupied home is valued at $163,600. Median gross rent is $678 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?
18 7(a) approvals totalling $25.3 m, across 6 lenders, median approval $817,200, plus 3 504 approvals worth $4.8 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 2 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.
Is Somerset in the National Flood Insurance Program?
Yes. Somerset appears in the FEMA Community Status Book as community 420803, 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 labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Somerset 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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