QuantaLoan Market Research

Somerset County Flag
  Somerset County is the poorest county in Maryland. Princess Anne is the largest city located within Somerset County.
  The population of Somerset county is estimated at 25,833. In 2017 there were 246 births and 271 deaths in Somerset county. Somerset county has 3,431 housing units that are owned with a mortgage or a loan, 2,198 that are owned free and clear and 3,159 that are renter occupied.

  The upstanding residents of Somerset County filed 8,730 federal tax returns in 2017. This amount represents 0.3% of all Maryland filings and 0.006% of the entire nation. Somerset had a combined total federal tax liability of $48,996,000 on earned income of $365,071,000. Other notable statistics from Somerset County were 420 unemployment claims which collected a total of $1,545,000 and 1,860 charitable contributions valued at $8,325,000. 1,890 filings from Somerset County paid a combined total of $4,741,000 in property taxes and 1,630 filings paid $9,915,000 on mortgage interest costs.

  In 2010 Somerset county had 56 religious congregations with an estimated 5,892 members.

14.4% of the Somerset population has a college level Bachelors degree or higher. 18.2% have less than a highschool diploma level education.

Approximately 34% of Somerset County voted in the presidential election of 2016. This represents a decrease from the 2012 election by 504 votes.

At $40,320 the median income is 50.0% of the Maryland average. An estimated 643 people claimed to be unemployed last year in Somerset, the equivalant of around 6.8% of the county population. This represents a decrease in the level of unemployment from the previous year's value of 7.3%.

Top 15 Industries in Somerset County.
Total # EmployedIndustry Job Type
1,121Health care and social assistance
434Retail trade
372Nursing care facilities (skilled nursing facilities)
272Accommodation and food services
257Food services and drinking places
214Ambulatory health care services
158Limited-service restaurants
139Food and beverage stores
134Food manufacturing
124Grocery stores
101Other services (except public administration)
98Offices of physicians
94Finance and insurance
91Full-service restaurants

In 2018 the average price reduction was 4.55% in Somerset County.

In 2018 11.43% of listings in Somerset County (averaging across 2 zip codes; 21853) dropped their price.

Interested in adding housing statistics for Somerset County to your website? Click here for the county widget code for Somerset, Maryland.