Best Places to Live in Maryland | Somerset, MD

Coldwell Banker^® Helps you Learn More About Somerset, Maryland Real Estate

Somerset, Maryland is located in Montgomery County. Somerset has a population of 1,217 and has shown 5.6% growth since 2000. Of the 538 households in Somerset, 68.3% are owned, 24.0% are rented and 8% are not currently occupied. The median age of homes in Somerset is 40 years and 38.0% of the homes have been occupied by the same residents for more than 5 years. Learn more about Somerset, Maryland real estate at coldwellbanker.com.

Coldwell Banker Offices in Somerset, MD

Residential Brokerage
3000 K St Nw Ste 101
202-333-6100

OFFICE DETAILS

Demographic Information for Somerset, MD

Maryland Demographics Data
POPULATION CHANGE 2000 TO CURRENT10.2%
TOTAL POPULATION5,835,246
POPULATION DENSITY PER SQUARE MILE560
AVERAGE HOUSEHOLD SIZE2.6

City Demographics Data
POPULATION CHANGE 2000 TO CURRENT5.6%
TOTAL POPULATION1,217
POPULATION DENSITY PER SQUARE MILE4,346
AVERAGE HOUSEHOLD SIZE2.3

Maryland Real Estate Statistics
AVERAGE AGE OF HOMES29
AVERAGE YEARS IN RESIDENCE4

City Real Estate Statistics
AVERAGE AGE OF HOMES40
AVERAGE YEARS IN RESIDENCE3

State Rank & Score for Somerset, MD

CATEGORYScoreRank
Suburbanites892.522
Social Seekers584.5611

This place does not rank in this category

About Rank & Score

Onboard Informatics system uses Ranks to determine the Top 10 National Markets list, Top 100 Places list and Top 50 Cities per State lists for editorial and both Scores and Ranks for display on coldwellbanker.com. These are generally defined as follows:

Each attribute for each place is assigned a value (number). In concept, scores and ranks are created by adding up the values for all attributes for a place that are relevant to the category and then ranking / sorting them. In practice, in order to assure that each attribute contributes to the rolled up category scores and ranks correctly, additional calculations are performed as follows:
Scores: Base scores are derived from the raw attribute data by normalizing to a 0 - 1000 point scale. This is required as the raw data displays uniformity of scale (one attributes may have values between 0 and 100, another between 57 and 34212, etc.). Once normalized, each attribute scores is multiplied by a weighting factor between 1 and 5. Weighting factors were assigned by Onboard and approved by Coldwell Banker based on relevance and importance of the attribute to the category. This results in a potential score between 0 and 5000 for a given attribute.

All attribute scores for a category are then summed to create a category score for each place. These raw category scores are then normalized again to a 0 - 1000 scale for display.

Ranks: Ranking is simply the ordering of places by their category score. Sort is in descending order such that the place with the largest category score receives a rank = 1. Unlike scores, ranks are calculated by national market (1-10), top city/ towns (1-100) and within each state (1-50) such that a top "x" list may be generated for the national story and more localized stories and web-pages. The ranking for the Top 10 National Markets list is filtered by core based statistical area (CBSA).

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Somerset, MD Attributes

Coldwell Banker lets you know how your area levels up.

Suburbanites
- Many car commuters
- Gas Affordability
- High percentage of home ownership
- High number of people who eat in
- Coffee shops
- Median disposable income
- Safety is a priority
- Good schools nearby
- Number of college graduates
- Home improvement is a priority
- Access to outdoor activities stores
- Outdoor activities
- Cultural activities
- Vacation Homes (owns)
- Many single family homes
- Leisure resources
- Leisure activities
- Entertainment events
- Many suburban amenities
- Many employment opportunities
Social Seekers
- Access to public transportation
- Frequent Restaurant goers
- Frequent Coffee Shop goers
- Many restaurant options
- Multi-cultural food options
- Median disposable income
- Safety
- High number of college grads
- Many nightlife options
- Lifestyle - Trendy focus
- Proximity to cultural activities, museums, music, wineries, etc.
- Urban Living
- Large variety of living options: rentals, condos, co-ops, etc.
- Many entertainment events
- Many employment opportunities

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Coldwell Banker® Helps you Learn More About Somerset, Maryland Real Estate

Coldwell Banker Offices in Somerset, MD

Demographic Information for Somerset, MD

Coldwell Banker^® Helps you Learn More About Somerset, Maryland Real Estate