U.S. Census Bureau · ACS 2024 five-year estimates
Somerset County, Maryland housing affordability | ACS 2024
Somerset County, Maryland (GEOID 24039): ACS 2024 income, home value, rent, cost burden and home-value-to-income ratio.
Five housing measures
County-equivalent GEOID: 24039
In Somerset County, the median home value is 2.67 times the median annual household income (a comparison of county medians, not an individual mortgage payment). Median gross monthly rent is $1,013 (±$79 ACS 90% MOE). 39.1% of renter households with computed rent-to-income ratios spend at least 30% of income on gross rent. These locality-wide survey measures do not describe every household or establish what a particular household can afford.
| Median household income | $64,943 (±$8,347 ACS 90% MOE) |
|---|---|
| Median home value | $173,200 (±$13,009 ACS 90% MOE) |
| Median gross rent | $1,013 (±$79 ACS 90% MOE) |
| Renter cost burden (30%+) | 39.1% |
| Home-value-to-income ratio | 2.67 |
County comparison
Compare Somerset County with Maryland county equivalents (counties and independent cities) that have available ACS 2024 five-year estimates for each measure. Positions use unrounded published county values; equal values resolve by ascending GEOID. These are locality-level comparisons, not a statewide household statistic or a recommendation. The ratio and burden rate are derived estimates without calculated margins of error; see the direct-estimate 90% MOEs and survey limitations below.
- Home-value-to-income is 2.67 in Somerset County: position 2 of 24 Maryland county equivalents (counties and independent cities) with available observations, from lowest to highest. View the matching Maryland ranking.
- Renter cost-burden is 39.1% in Somerset County: position 3 of 24 Maryland county equivalents (counties and independent cities) with available observations, from lowest to highest. View the matching Maryland ranking.
Method and provenance
ACS 2024 five-year survey estimates (2020–2024), not current prices. Direct estimates may have 90% margins of error shown where available. The home-value-to-income ratio and renter cost-burden rate are derived; no MOE is calculated for either. Missing or suppressed values are unavailable, not zero. County-equivalent rankings are descriptive, not an affordability or suitability recommendation.
Source: U.S. Census Bureau, American Community Survey 2024 five-year estimates. Validated Maryland bundle provenance, source snapshot and checksums.