Maryland · Census place 73350
Somerset town, MD
Quick answer
Somerset town has 1,020 residents, ranking #332 of 536 places in Maryland. Median household income is $250,001, the median home is worth $1,820,800 and median gross rent runs $3,501 a month.
- Population
- 1,020Somerset town residents
- Median household income
- $250,001Past 12 months, inflation adjusted
- Median home value
- $1,820,800Owner-occupied units
- Median gross rent
- $3,501Rent plus utilities, monthly
- Median age
- 50.4 yrsAll residents
- Homeownership rate
- 88.6%Owner-occupied households
What the numbers mean in Somerset town
Housing cost measured against local earnings.
A household earning the Somerset town median would spend about 16.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 7.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.2% of residents and 88.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Maryland.
- Church Hill town 1,052
- Morningside town 1,031
- Algonquin CDP 1,027
- Martin's Additions village 1,019
- Queenstown town 990
- Chevy Chase Section Three village 985
- Potomac Park CDP 974
Keep going
More Maryland coverage.