Somerset

Population: 1,020
Median household income: $250,001
Median home value: $1,820,800

Somerset is a community in Montgomery County, Maryland, home to 1,020 residents. Its median household income of $250,001 runs above the Montgomery County figure of $128,733.

Between 2019 and 2023, Somerset's population declined 6.4% from 1,090 to 1,020, while its median home value rose 23.4% from $1,475,800 to $1,820,800.

2.2% of residents live below the poverty line. Households average 2.84 people.

Demographics

ACS 2019–2023

Population: 1,020
Median age: 50.4 yrs
Median household income: $250,001
Median home value: $1,820,800
Median gross rent: $3,501
Housing units: 381
Homeownership rate: 88.6%
Bachelor's degree or higher: 94.2%
Unemployment rate: 0.8%

Trends

ACS 5-year · 2019–2023

Population

1,0901,020

Median household income

$250,001$250,001

Median home value

$1,475,800$1,820,800

Median gross rent

$3,501$3,501

Year	Population	Median household income	Median home value	Median gross rent
2019	1,090	$250,001	$1,475,800	$3,501
2020	952	$250,001	$1,491,900	—
2021	1,031	$250,001	$1,527,300	$3,501
2022	1,028	$250,001	$1,646,700	$3,501
2023	1,020	$250,001	$1,820,800	$3,501

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.1%

5 to 1727.7%

18 to 244.6%

25 to 341.4%

35 to 445.8%

45 to 5421.0%

55 to 6416.5%

65 to 7412.3%

75 and over8.7%

	Count	Share
Under 5	21	2.1%
5 to 17	283	27.7%
18 to 24	47	4.6%
25 to 34	14	1.4%
35 to 44	59	5.8%
45 to 54	214	21.0%
55 to 64	168	16.5%
65 to 74	125	12.3%
75 and over	89	8.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	823	80.7%
Black or African American	21	2.1%
American Indian & Alaska Native	0	0.0%
Asian	52	5.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	8	0.8%
Two or more races	39	3.8%
Hispanic or Latino (any race)	77	7.5%

Educational attainment (age 25+)

No high school diploma0.0%

High school graduate2.2%

Some college or associate's3.6%

Bachelor's degree26.2%

Graduate or professional degree68.0%

	Count	Share
No high school diploma	0	0.0%
High school graduate	15	2.2%
Some college or associate's	24	3.6%
Bachelor's degree	175	26.2%
Graduate or professional degree	455	68.0%

Commute to work

Mean travel time to work: 35 min

Drove alone21.7%

Carpooled1.4%

Public transit15.7%

Walked6.8%

Bicycle3.8%

Worked from home46.1%

Other means4.6%

How workers get to work

	Count	Share
Drove alone	109	21.7%
Carpooled	7	1.4%
Public transit	79	15.7%
Walked	34	6.8%
Bicycle	19	3.8%
Worked from home	232	46.1%
Other means	23	4.6%

Travel time

	Count	Share
Under 15 min	48	17.7%
15 to 29 min	72	26.6%
30 to 44 min	76	28.0%
45 to 59 min	60	22.1%
60+ min	15	5.5%

Households

Average household size: 2.84
Poverty rate: 2.2% (22 of 1,020)

	Count	Share
Family households	298	83.0%
Nonfamily households	61	17.0%

Housing

Median year structure built: 1955

Occupancy

	Count	Share
Occupied	359	94.2%
Vacant	22	5.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	318	88.6%
Renter-occupied	41	11.4%

1-unit, detached100.0%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	381	100.0%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2473350
Type (LSAD): 43
Land area: 0.28 sq mi
Water area: 0 sq mi
Center point: 38.9666, -77.0963