Zip Code
42501
City
Somerset, KY
Population & Migration
What is the forecasted population for Zip code 42501 Somerset, KY?
- Population census 2020
- 16,787
- Forecasted population 2025
- 18,032
- 7.4% vs. 2020
- Forecasted population 2030
- 18,024
- 7.4% vs. 2020
Zip code 42501 Somerset, KY population is forecasted to grow 7.4% by 2025 (2.7 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 18,032 people for 2025 zip code 42501 Somerset, KY will generate a good demand for housing, which is expected to have a deficit of 602 houses for 2030. Vacancy rate is 7.2 points above national US average.
- Total homes available 2020
- 8,180
- Estimated total home demand in 2030
- 8,782
- Total homes balance inventory
- 602
Average Household Income in zip code 42501 Somerset, KY
from Internal Revenue Service
- Average household income in 2021
- $67,765
Affordability
- Affordability Index
- 1
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 42501 Somerset, KY?
County total number of drinking water violations
10
-96%
244
County total number of drinking water contaminations
3
-88%
24
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