Somerset, KY home prices
Typical home $180,411 · -1.4% in a year · income needed $49,600
The Somerset, KY metro area ranks 716 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -1.4% in a year and +6.8% over five years. With 20% down at 7.11%, the typical home costs about $1,156 a month including 0.63% property tax (Pulaski County rate).
Mortgage on the typical Somerset home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,082 | $144,329 | $971 | $0 | $185 | $1,156 | $49,600 |
| 10% down | $18,041 | $162,370 | $1,092 | $68 | $185 | $1,345 | $57,700 |
| 5% down | $9,021 | $171,390 | $1,153 | $71 | $185 | $1,410 | $60,400 |
| 3.5% down (FHA) | $6,314 | $177,143 | $1,192 | $80 | $185 | $1,457 | $62,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.63% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Somerset area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pulaski County, KY | $180,412 | -1.3% | 0.63% |
What can you afford in Kentucky on your salary? · Kentucky home prices · Salaries in Kentucky
Frequently asked questions
How much is a house in Somerset?
The typical home in the Somerset, KY metro area is worth $180,411 (Zillow, September 2026).
What salary do you need to buy a house in Somerset?
About $49,600 a year for the typical home with 20% down at 7.11%.