The typical owner-occupied home in Somerset County is worth about $150,600, 41% below the Pennsylvania median of $254,500 and 55% below the national median of $332,700. Owners pay a median $1,477 a year in property taxes, about 0.98% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $61,446 a year, so the median home costs 2.5 times the median income (3.3 times for Pennsylvania). 80% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Somerset County at a glance
| Somerset County | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $150,600 | $254,500 | $332,700 |
| Median property tax paid per year | $1,477 | $3,311 | $3,119 |
| Property tax as a share of value | 0.98% | 1.30% | 0.94% |
| Median household income | $61,446 | $77,971 | $80,734 |
| Homes lived in by their owners | 80% | 69% | 65% |
| Owner homes with a mortgage | 45% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,268 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 19.4% | 21.0% |
| Median rent | $753 | $1,209 | $1,413 |
| Rent as a share of renters' income | 25.9% | 29.2% | 30.6% |
| Median year homes were built | 1964 | 1965 | 1980 |
| Vacant homes | 22.5% | 9.2% | 10.1% |
| Population | 72,799 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Somerset County
At this week's average 30-year rate of 7.11%, buying the median Somerset County home of $150,600 with 20% down costs about $996 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,247, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $42,695 for the 20%-down payment. That payment is 19% of the median Somerset County household income of $61,446; at that income and 20% down, the 28% guideline points to a home of about $217,000.
The median rent here is $753 a month, so owning the median home costs about $243 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,120 |
|---|---|
| Loan amount | $120,480 |
| Principal and interest | $810 |
| Property taxes (0.98% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $996 |
Change the numbers in the calculator
| Down payment | $5,271 |
|---|---|
| Loan amount | $147,872 |
| Principal and interest | $995 |
| Property taxes (0.98% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,247 |
Change the numbers in the calculator
Questions about home buying in Somerset County
What is the median home value in Somerset County?
About $150,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Somerset County?
Homeowners pay a median $1,477 a year, which is about 0.98% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Somerset County?
For the median home with 20% down at 7.11%, the payment is about $996 a month. Keeping that under 28% of gross income takes about $42,695 a year.
More about Somerset County
- Mortgage Refinance in Somerset County
- Debt Relief in Somerset County
- Home Equity Loans in Somerset County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data