Affordable & Income-Based Housing in Somerset

Affordability in Somerset, KY

Somerset has a median household income of $34,704 and a median gross rent of $775 per month, with renters making up 51% of occupied housing units, according to the Census ACS 5-Year (2024). Income-based and HUD-assisted housing can be an important resource for households in this market.

Safety

The Somerset Police Department reported a violent crime rate of 259 per 100,000 residents in 2024, according to the FBI Crime Data Explorer. Keep in mind that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Of the 9 HUD-assisted properties in Somerset with available flood data, none are located in a high-risk flood zone.

Getting Around Somerset

According to Walk Score, the area around Somerset's assisted properties scores a 9 out of 100 ("Car-Dependent"), with a Bike Score of 18 out of 100. A personal vehicle is strongly recommended for most daily errands and commutes.

Schools

According to NCES Common Core of Data, 15 public schools across 3 districts serve Somerset, including 7 elementary, 3 middle, and 5 high schools. Quality and programming vary by school and district, so renters should look up the assigned schools for any specific address they are considering.

Cost of Living

The median household income in Somerset is $34,704 per year, according to the Census ACS 5-Year estimate. The median gross rent is $775 per month, according to the same source.

Income-based and HUD-assisted housing ties rent to household income rather than market rates, which can make a meaningful difference for renters in Somerset. The 9 affordable properties in the city cover 382 units across a range of program types.

• Median household income: $34,704/year (Census ACS 5-Year)
• Median gross rent: $775/month (Census ACS 5-Year)
• Renter households: 51% of occupied units (Census ACS 5-Year)

Environment and Flood Risk

All 9 HUD-assisted properties in Somerset have been mapped for flood risk, and none are located in a high-risk flood zone. Flood exposure for assisted housing in this city is low.