Somerset Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Somerset averaged
7.58%
for the week of 2026-11-05, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2026-10-29) was
7.54% and
one month ago for the week of 2026-10-01, the
average rate was 7.58%.
Somerset's average rate one year ago was 6.47%.
For refis of the same type during the week of 2026-11-05, the average rate
was 7.78%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2026-11-05 | 7.18% |
| Somerset 30 Year Fixed Rate | 2026-11-05 | 7.58% |
| Somerset 30 Year Fixed Rate Refi | 2026-11-05 | 7.78% |
| Somerset 15 Year Fixed Rate | 2026-11-05 | 6.37% |
| Somerset 15 Year Fixed Rate Refi | 2026-11-05 | 6.87% |
| Somerset 30 Year FHA | 2026-11-05 | 7.18% |
| Somerset 30 Year FHA Refi | 2026-11-05 | 6.73% |
| Somerset 30 Year USDA | 2026-11-05 | 6.8% |
| Somerset 30 Year USDA Refi | 2026-11-05 | 7.1% |
| Somerset 30 Year VA | 2026-11-05 | 6.9% |
| Somerset 30 Year VA Refi | 2026-11-05 | 6.76% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Somerset, KY.
Somerset Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Somerset, KY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Somerset Average Closing Costs & Other Stats
Somerset, KY's 70 lenders originated 1,242
loans during 2025. The total origination value was $224,870,000, with an average loan value of
$181,055.
Somerset's average closing costs are $4,805.
The top Somerset lender as defined by loan originations is L & N Federal Credit Union, with
45 loans originated. Their average total fees are
$2,458, which is $3,389
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Somerset lenders (with over 10 loans originated) are
L & N Federal Credit Union ($2,458), Community Trust Bank, Inc. ($2,642), Forcht Bank ($3,381), QUICKEN LOANS, LLC ($5,847) and BROKER SOLUTIONS, INC. ($7,006).
The lowest rate Somerset lenders (with over 10 loans originated) are
Community Trust Bank, Inc. (5.93%), Forcht Bank (6.50%), UNITED WHOLESALE MORTGAGE, LLC (6.62%), L & N Federal Credit Union (6.69%) and QUICKEN LOANS, LLC (6.76%).
Somerset, KY Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2024 Loan Value | 2025 Loan Value | % Change | 2025 Market Share |
|---|---|---|---|---|
| The Citizens National Bank of Somerset | $14,120,000 | $22,305,000 | 58.0% | 9.9% |
| QUICKEN LOANS, LLC | $15,215,000 | $17,350,000 | 14.0% | 7.7% |
| BROKER SOLUTIONS, INC. | $13,320,000 | $15,675,000 | 17.7% | 7.0% |
| L & N Federal Credit Union | $5,770,000 | $13,730,000 | 138.0% | 6.1% |
| Community Trust Bank, Inc. | $8,250,000 | $12,950,000 | 57.0% | 5.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,680,000 | $11,080,000 | 44.3% | 4.9% |
| United Cumberland Bank | $9,920,000 | n/a | 4.4% | |
| Mortgage Research Center, LLC | $9,495,000 | $8,375,000 | -11.8% | 3.7% |
| The Monticello Banking Company | $4,145,000 | $5,535,000 | 33.5% | 2.5% |
| FREEDOM MORTGAGE CORPORATION | $5,635,000 | $5,030,000 | -10.7% | 2.2% |
| Farm Credit Mid-America, ACA | $1,655,000 | $4,390,000 | 165.3% | 2.0% |
| SOUTH CENTRAL BANK, INC. | $2,255,000 | $3,910,000 | 73.4% | 1.7% |
| Northpointe Bank | $3,640,000 | $3,025,000 | -16.9% | 1.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,925,000 | $2,825,000 | -3.4% | 1.3% |
| Forcht Bank | $4,175,000 | $2,815,000 | -32.6% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $980,000 | $2,810,000 | 186.7% | 1.2% |
| UNIVERSITY OF KENTUCKY | $550,000 | $2,800,000 | 409.1% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $3,420,000 | $2,565,000 | -25.0% | 1.1% |
| First Southern National Bank | $1,545,000 | $2,560,000 | 65.7% | 1.1% |
| Truist | $1,965,000 | $2,515,000 | 28.0% | 1.1% |
| PLANET HOME LENDING, LLC | $2,315,000 | n/a | 1.0% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,395,000 | $2,065,000 | 48.0% | 0.9% |
| HOMESIDE FINANCIAL, LLC | $1,905,000 | $1,965,000 | 3.1% | 0.9% |
| COMMONWEALTH | $365,000 | $1,915,000 | 424.7% | 0.9% |
| Fifth Third Bank | $1,675,000 | $1,915,000 | 14.3% | 0.9% |
| T2 FINANCIAL LLC | $500,000 | $1,880,000 | 276.0% | 0.8% |
| LOANDEPOT.COM, LLC | $805,000 | $1,865,000 | 131.7% | 0.8% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,290,000 | $1,840,000 | -19.7% | 0.8% |
| Magnolia Bank | $630,000 | $1,820,000 | 188.9% | 0.8% |
| 21ST MORTGAGE CORPORATION | $3,040,000 | $1,800,000 | -40.8% | 0.8% |
| Century Mortgage Company DBA Century Lending Company | $560,000 | $1,755,000 | 213.4% | 0.8% |
| PNC Bank | $1,840,000 | $1,645,000 | -10.6% | 0.7% |
| U.S. Bank | $1,295,000 | $1,595,000 | 23.2% | 0.7% |
| Carrington Mortgage Services, LLC | $680,000 | $1,540,000 | 126.5% | 0.7% |
| Equity Prime Mortgage LLC | $455,000 | $1,340,000 | 194.5% | 0.6% |
| EVANSVILLE TEACHERS | $1,265,000 | n/a | 0.6% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $820,000 | $1,210,000 | 47.6% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,195,000 | n/a | 0.5% | |
| STOCKTON MORTGAGE CORPORATION | $2,215,000 | $1,120,000 | -49.4% | 0.5% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $175,000 | $1,090,000 | 522.9% | 0.5% |
| AMERICAN FINANCING CORPORATION | $1,030,000 | n/a | 0.5% | |
| First Financial Bank | $1,045,000 | $1,030,000 | -1.4% | 0.5% |
| USAA Federal Savings Bank | $165,000 | $1,020,000 | 518.2% | 0.5% |
| PIKE CREEK MORTGAGE SERVICES, INC. | $1,010,000 | n/a | 0.4% | |
| POLARIS HOME FUNDING CORP. | $510,000 | $955,000 | 87.3% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $480,000 | $945,000 | 96.9% | 0.4% |
| Renasant Bank | $870,000 | n/a | 0.4% | |
| Cumberland Valley National Bank & Trust Company | $1,450,000 | $855,000 | -41.0% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $2,395,000 | $795,000 | -66.8% | 0.4% |
| Ixonia Bank | $795,000 | n/a | 0.4% | |
| MORTGAGE INVESTORS GROUP, INC. | $400,000 | $770,000 | 92.5% | 0.3% |
| NEWREZ LLC | $845,000 | $750,000 | -11.2% | 0.3% |
| Republic State Mortgage Co. | $1,920,000 | $725,000 | -62.2% | 0.3% |
| UNION HOME MORTGAGE CORP. | $1,265,000 | $700,000 | -44.7% | 0.3% |
| Whitaker Bank | $525,000 | $695,000 | 32.4% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $440,000 | $680,000 | 54.5% | 0.3% |
| Abound Federal Credit Union | $45,000 | $670,000 | 1,388.9% | 0.3% |
| DAS Acquisition Company, LLC | $245,000 | $620,000 | 153.1% | 0.3% |
| Presidential Bank, FSB | $615,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $405,000 | $610,000 | 50.6% | 0.3% |
| CANOPY MORTGAGE, LLC | $745,000 | $585,000 | -21.5% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,035,000 | $575,000 | -44.4% | 0.3% |
| Stock Yards Bank & Trust Company | $260,000 | $570,000 | 119.2% | 0.3% |
| CARDINAL FINANCIAL | $255,000 | $565,000 | 121.6% | 0.3% |
| Third Federal Savings and Loan Association of Cleveland | $185,000 | $565,000 | 205.4% | 0.3% |
| Traditional Bank, Inc. | $565,000 | n/a | 0.3% | |
| RUOFF MORTGAGE COMPANY, INC. | $475,000 | $515,000 | 8.4% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $510,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $255,000 | $510,000 | 100.0% | 0.2% |
| JPMorgan Chase Bank | $480,000 | $510,000 | 6.3% | 0.2% |
| ALLIANT CREDIT UNION | $255,000 | $475,000 | 86.3% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $470,000 | n/a | 0.2% | |
| The Huntington National Bank | $1,495,000 | $470,000 | -68.6% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $240,000 | $465,000 | 93.8% | 0.2% |
| SPRING EQ, LLC | $55,000 | $445,000 | 709.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $535,000 | $430,000 | -19.6% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $530,000 | $430,000 | -18.9% | 0.2% |
| EMM LOANS LLC | $370,000 | n/a | 0.2% | |
| The Loan Store, Inc. | $360,000 | $365,000 | 1.4% | 0.2% |
| Citizens Bank | $55,000 | $345,000 | 527.3% | 0.2% |
| INTERLINC MORTGAGE SERVICES, LLC | $335,000 | n/a | 0.1% | |
| Coastal Community Bank | $100,000 | $325,000 | 225.0% | 0.1% |
| Guardian Savings Bank, A Federal Savings Bank | $470,000 | $325,000 | -30.9% | 0.1% |
| First National Bank of Omaha | $315,000 | n/a | 0.1% | |
| Home Federal Bank Corporation | $315,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $295,000 | n/a | 0.1% | |
| Citibank | $285,000 | n/a | 0.1% | |
| Discover Bank | $385,000 | $285,000 | -26.0% | 0.1% |
| The Federal Savings Bank | $385,000 | $275,000 | -28.6% | 0.1% |
| Regions Bank | $270,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $265,000 | n/a | 0.1% | |
| Figure Lending LLC | $260,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $255,000 | $255,000 | 0.0% | 0.1% |
| RAPID MORTGAGE COMPANY | $295,000 | $255,000 | -13.6% | 0.1% |
| FBC MORTGAGE, LLC | $235,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $185,000 | $235,000 | 27.0% | 0.1% |
| PHH Mortgage Corporation | $230,000 | n/a | 0.1% | |
| GoPrime Mortgage, Inc. | $420,000 | $225,000 | -46.4% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $215,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $215,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $520,000 | $210,000 | -59.6% | 0.1% |
| FirstBank | $120,000 | $205,000 | 70.8% | 0.1% |
| GENEVA FINANCIAL, LLC | $805,000 | $200,000 | -75.2% | 0.1% |
| Prosperity Home Mortgage, LLC | $200,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $360,000 | $195,000 | -45.8% | 0.1% |
| FAY SERVICING, LLC | $195,000 | n/a | 0.1% | |
| The Dart Bank | $195,000 | n/a | 0.1% | |
| VICTORY MORTGAGE, L.L.C. | $195,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $190,000 | n/a | 0.1% | |
| Bank of Lexington, Inc. | $365,000 | $185,000 | -49.3% | 0.1% |
| Cornerstone First Mortgage, Inc | $185,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $245,000 | $185,000 | -24.5% | 0.1% |
| Central Bank | $175,000 | n/a | 0.1% | |
| SENTE MORTGAGE, INC. | $175,000 | n/a | 0.1% | |
| First State Bank | $165,000 | n/a | 0.1% | |
| Wells Fargo Bank | $165,000 | n/a | 0.1% | |
| Bank of America | $140,000 | $160,000 | 14.3% | 0.1% |
| PREMIER LENDING, INC. | $570,000 | $160,000 | -71.9% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $145,000 | $160,000 | 10.3% | 0.1% |
| DESCO | $155,000 | n/a | 0.1% | |
| German American Bank | $155,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $155,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $430,000 | $145,000 | -66.3% | 0.1% |
| Peoples Bank | $145,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $250,000 | $125,000 | -50.0% | 0.1% |
| WRIGHT-PATT CREDIT UNION, INC. | $410,000 | $125,000 | -69.5% | 0.1% |
| Superior Credit Union, Inc. | $115,000 | n/a | 0.1% | |
| GVC MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| Independence Bank of Kentucky | $105,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $95,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $55,000 | n/a | 0.0% | |
| Baxter Credit Union | $155,000 | $35,000 | -77.4% | 0.0% |
| Signature Federal Credit Union | $35,000 | $35,000 | 0.0% | 0.0% |
Somerset's top lender by overall market share is The Citizens National Bank of Somerset, with 9.9% market share. In second place, with 7.7%, is QUICKEN LOANS, LLC, having originated $17,350,000 in loans. In third place, with 7.0%, is BROKER SOLUTIONS, INC., having originated $15,675,000 in loans. In fourth place, with 6.1%, is L & N Federal Credit Union, having originated $13,730,000 in loans. In fifth place, with 5.8%, is Community Trust Bank, Inc., having originated $12,950,000 in loans.
Somerset Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Somerset (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $159,900 (0.0%) | $207,462 (-0.8%) | 0.00 | 401 |
| 2018-02-01 | $159,900 (0.0%) | $205,723 (-0.4%) | 0.00 | 413 |
| 2018-03-01 | $159,900 (0.0%) | $214,127 (2.6%) | 0.00 | 416 |
| 2018-04-01 | $168,650 (-0.2%) | $212,896 (-1.3%) | 0.00 | 432 |
| 2018-05-01 | $169,900 (0.0%) | $214,561 (-0.3%) | 0.00 | 439 |
| 2018-06-01 | $170,000 (0.6%) | $214,704 (1.1%) | 0.00 | 441 |
| 2018-07-01 | $175,000 (6.1%) | $215,264 (1.9%) | 0.00 | 457 |
| 2018-08-01 | $172,225 (3.8%) | $210,917 (-0.8%) | 0.00 | 460 |
| 2018-09-01 | $175,900 (3.5%) | $216,538 (0.7%) | 0.00 | 450 |
| 2018-10-01 | $177,600 (4.8%) | $217,399 (2.5%) | 0.00 | 431 |
| 2018-11-01 | $175,225 (3.1%) | $217,836 (2.6%) | 0.00 | 433 |
| 2018-12-01 | $175,700 (9.9%) | $222,628 (5.9%) | 0.00 | 406 |
| 2019-01-01 | $170,600 (6.7%) | $217,171 (4.7%) | 0.00 | 387 |
| 2019-02-01 | $169,925 (6.3%) | $215,848 (4.9%) | 0.00 | 378 |
| 2019-03-01 | $169,900 (6.3%) | $212,970 (-0.5%) | 0.00 | 385 |
| 2019-04-01 | $169,900 (0.7%) | $213,819 (0.4%) | 0.00 | 390 |
| 2019-05-01 | $169,900 (0.0%) | $212,784 (-0.8%) | 0.00 | 395 |
| 2019-06-01 | $174,500 (2.7%) | $216,373 (0.8%) | 0.00 | 413 |
| 2019-07-01 | $179,000 (2.3%) | $218,611 (1.6%) | 0.00 | 421 |
| 2019-08-01 | $180,609 (4.9%) | $221,499 (5.0%) | 0.00 | 393 |
| 2019-09-01 | $183,023 (4.1%) | $226,319 (4.5%) | 0.00 | 373 |
| 2019-10-01 | $185,842 (4.6%) | $230,838 (6.2%) | 0.00 | 359 |
| 2019-11-01 | $183,900 (5.0%) | $228,638 (5.0%) | 0.00 | 346 |
| 2019-12-01 | $179,900 (2.4%) | $229,158 (2.9%) | 0.00 | 327 |
| 2020-01-01 | $179,900 (5.5%) | $229,096 (5.5%) | 0.00 | 293 |
| 2020-02-01 | $184,900 (8.8%) | $239,817 (11.1%) | 0.00 | 304 |
| 2020-03-01 | $192,400 (13.2%) | $243,654 (14.4%) | 0.00 | 312 |
| 2020-04-01 | $199,800 (17.6%) | $245,918 (15.0%) | 0.00 | 302 |
| 2020-05-01 | $195,000 (14.8%) | $240,007 (12.8%) | 0.00 | 271 |
| 2020-06-01 | $207,450 (18.9%) | $257,377 (19.0%) | 0.00 | 238 |
| 2020-07-01 | $199,900 (11.7%) | $255,471 (16.9%) | 0.00 | 235 |
| 2020-08-01 | $207,350 (14.8%) | $263,699 (19.1%) | 0.00 | 224 |
| 2020-09-01 | $219,450 (19.9%) | $273,534 (20.9%) | 0.00 | 185 |
| 2020-10-01 | $214,450 (15.4%) | $265,444 (15.0%) | 0.00 | 188 |
| 2020-11-01 | $216,125 (17.5%) | $273,886 (19.8%) | 0.00 | 168 |
| 2020-12-01 | $219,000 (21.7%) | $270,396 (18.0%) | 0.00 | 171 |
| 2021-01-01 | $199,900 (11.1%) | $269,360 (17.6%) | 0.00 | 166 |
| 2021-02-01 | $199,225 (7.8%) | $277,473 (15.7%) | 0.00 | 146 |
| 2021-03-01 | $219,950 (14.3%) | $322,166 (32.2%) | 0.00 | 104 |
| 2021-04-01 | $247,450 (23.9%) | $341,425 (38.8%) | 0.00 | 110 |
| 2021-05-01 | $259,900 (33.3%) | $343,384 (43.1%) | 0.00 | 119 |
| 2021-06-01 | $269,475 (29.9%) | $335,492 (30.4%) | 0.00 | 132 |
| 2021-07-01 | $279,000 (39.6%) | $345,632 (35.3%) | 0.00 | 153 |
| 2021-08-01 | $283,750 (36.9%) | $351,681 (33.4%) | 0.00 | 166 |
| 2021-09-01 | $254,950 (16.2%) | $330,496 (20.8%) | 0.00 | 184 |
| 2021-10-01 | $268,500 (25.2%) | $335,147 (26.3%) | 0.00 | 177 |
| 2021-11-01 | $249,400 (15.4%) | $324,610 (18.5%) | 0.00 | 177 |
| 2021-12-01 | $245,925 (12.3%) | $331,871 (22.7%) | 0.00 | 167 |
| 2022-01-01 | $249,000 (24.6%) | $328,258 (21.9%) | 0.00 | 157 |
| 2022-02-01 | $243,950 (22.5%) | $289,794 (4.4%) | 0.00 | 132 |
| 2022-03-01 | $238,125 (8.3%) | $292,850 (-9.1%) | 0.00 | 119 |
| 2022-04-01 | $249,900 (1.0%) | $302,295 (-11.5%) | 0.00 | 124 |
| 2022-05-01 | $244,450 (-5.9%) | $313,606 (-8.7%) | 0.00 | 149 |
| 2022-06-01 | $266,725 (-1.0%) | $323,142 (-3.7%) | 0.00 | 175 |
| 2022-07-01 | $277,777 (-0.4%) | $334,383 (-3.3%) | 0.00 | 206 |
| 2022-08-01 | $290,000 (2.2%) | $341,689 (-2.8%) | 0.00 | 231 |
| 2022-09-01 | $274,950 (7.8%) | $337,804 (2.2%) | 0.00 | 246 |
| 2022-10-01 | $274,950 (2.4%) | $333,516 (-0.5%) | 0.00 | 232 |
| 2022-11-01 | $269,675 (8.1%) | $328,438 (1.2%) | 0.00 | 239 |
| 2022-12-01 | $270,000 (9.8%) | $330,726 (-0.4%) | 0.00 | 200 |
| 2023-01-01 | $264,900 (6.4%) | $327,542 (-0.2%) | 0.00 | 186 |
| 2023-02-01 | $269,925 (10.7%) | $331,199 (14.3%) | 0.00 | 173 |
| 2023-03-01 | $274,900 (15.4%) | $342,394 (16.9%) | 0.00 | 166 |
| 2023-04-01 | $283,500 (13.5%) | $356,228 (17.8%) | 0.00 | 156 |
| 2023-05-01 | $291,950 (19.4%) | $351,614 (12.1%) | 0.00 | 161 |
| 2023-06-01 | $283,250 (6.2%) | $344,093 (6.5%) | 0.00 | 174 |
| 2023-07-01 | $285,000 (2.6%) | $335,282 (0.3%) | 0.00 | 189 |
| 2023-08-01 | $299,675 (3.3%) | $341,158 (-0.2%) | 0.00 | 206 |
| 2023-09-01 | $299,000 (8.8%) | $353,106 (4.5%) | 0.00 | 219 |
| 2023-10-01 | $294,675 (7.2%) | $358,832 (7.6%) | 0.00 | 222 |
| 2023-11-01 | $295,950 (9.7%) | $359,502 (9.5%) | 0.00 | 224 |
| 2023-12-01 | $309,450 (14.6%) | $369,903 (11.9%) | 0.00 | 217 |
| 2024-01-01 | $309,900 (17.0%) | $372,292 (13.7%) | 0.00 | 225 |
| 2024-02-01 | $318,225 (17.9%) | $373,241 (12.7%) | 0.00 | 219 |
| 2024-03-01 | $315,000 (14.6%) | $363,977 (6.3%) | 0.00 | 228 |
| 2024-04-01 | $313,725 (10.7%) | $354,716 (-0.4%) | 0.00 | 263 |
| 2024-05-01 | $313,725 (7.5%) | $368,848 (4.9%) | 0.00 | 267 |
| 2024-06-01 | $315,000 (11.2%) | $370,575 (7.7%) | 0.00 | 265 |
| 2024-07-01 | $307,450 (7.9%) | $367,810 (9.7%) | 0.00 | 272 |
| 2024-08-01 | $309,000 (3.1%) | $360,300 (5.6%) | 0.00 | 307 |
| 2024-09-01 | $306,463 (2.5%) | $354,267 (0.3%) | 0.00 | 315 |
| 2024-10-01 | $309,950 (5.2%) | $359,657 (0.2%) | 0.00 | 304 |
| 2024-11-01 | $299,900 (1.3%) | $355,738 (-1.1%) | 0.00 | 307 |
| 2024-12-01 | $298,750 (-3.5%) | $358,180 (-3.2%) | 0.00 | 294 |
| 2025-01-01 | $299,500 (-3.4%) | $364,040 (-2.2%) | 0.00 | 288 |
| 2025-02-01 | $303,950 (-4.5%) | $369,388 (-1.0%) | 0.00 | 281 |
| 2025-03-01 | $314,950 (0.0%) | $371,474 (2.1%) | 0.00 | 277 |
| 2025-04-01 | $309,150 (-1.5%) | $369,470 (4.2%) | 0.00 | 295 |
| 2025-05-01 | $319,000 (1.7%) | $379,988 (3.0%) | 0.00 | 320 |
| 2025-06-01 | $311,950 (-1.0%) | $376,828 (1.7%) | 0.00 | 341 |
| 2025-07-01 | $313,000 (1.8%) | $367,501 (-0.1%) | 0.00 | 355 |
| 2025-08-01 | $320,000 (3.6%) | $365,559 (1.5%) | 0.00 | 347 |
| 2025-09-01 | $315,000 (2.8%) | $358,423 (1.2%) | 0.00 | 364 |
| 2025-10-01 | $309,250 (-0.2%) | $352,703 (-1.9%) | 0.00 | 370 |
| 2025-11-01 | $299,900 (0.0%) | $350,853 (-1.4%) | 0.00 | 349 |
| 2025-12-01 | $299,225 (0.2%) | $345,637 (-3.5%) | 0.00 | 331 |
| 2026-01-01 | $295,000 (-1.5%) | $348,775 (-4.2%) | 0.00 | 305 |
| 2026-02-01 | $301,700 (-0.7%) | $360,436 (-2.4%) | 0.00 | 292 |
| 2026-03-01 | $314,350 (-0.2%) | $375,783 (1.2%) | 0.00 | 318 |
| 2026-04-01 | $315,675 (2.1%) | $369,519 (0.0%) | 0.00 | 330 |
| 2026-05-01 | $319,950 (0.3%) | $379,822 (0.0%) | 0.00 | 354 |
| 2026-06-01 | $326,950 (4.8%) | $385,436 (2.3%) | 0.00 | 365 |
| 2026-07-01 | $324,975 (3.8%) | $385,434 (4.9%) | 0.00 | 366 |
| 2026-08-01 | $325,000 (1.6%) | $387,179 (5.9%) | 0.00 | 361 |
| 2026-09-01 | $321,950 (2.2%) | $383,160 (6.9%) | 0.00 | 360 |
| 2026-10-01 | $310,000 (0.2%) | $369,090 (4.7%) | 0.00 | 383 |
Somerset's median listing price for 2026-10-01 was $310,000, a difference of
$750
(0.2%) versus the prior year and
$-11,950 versus the prior month.
Somerset's median listing price comes in at 0% of the national average.
Somerset's average listing price for 2026-10-01 was $369,090, a difference of $16,387 (4.7%) versus the prior year and $-14,070 versus the prior month.
For the 2026-10-01 period, Somerset had 383 MLS listings, a difference of 23 listings (6%) versus the prior month and 13 listings (4%) versus the prior year.
Somerset's median listing price comes in at 0% of the national average.
Somerset's average listing price for 2026-10-01 was $369,090, a difference of $16,387 (4.7%) versus the prior year and $-14,070 versus the prior month.
For the 2026-10-01 period, Somerset had 383 MLS listings, a difference of 23 listings (6%) versus the prior month and 13 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Somerset (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,890 sqft |
| 2018-02-01 | 0 days | 1,971 sqft |
| 2018-03-01 | 0 days | 1,950 sqft |
| 2018-04-01 | 0 days | 1,842 sqft |
| 2018-05-01 | 0 days | 1,824 sqft |
| 2018-06-01 | 0 days | 1,797 sqft |
| 2018-07-01 | 0 days | 1,823 sqft |
| 2018-08-01 | 0 days | 1,843 sqft |
| 2018-09-01 | 0 days | 1,876 sqft |
| 2018-10-01 | 0 days | 1,876 sqft |
| 2018-11-01 | 0 days | 1,919 sqft |
| 2018-12-01 | 0 days | 1,920 sqft |
| 2019-01-01 | 0 days | 1,882 sqft |
| 2019-02-01 | 0 days | 1,825 sqft |
| 2019-03-01 | 0 days | 1,806 sqft |
| 2019-04-01 | 0 days | 1,806 sqft |
| 2019-05-01 | 0 days | 1,896 sqft |
| 2019-06-01 | 0 days | 1,918 sqft |
| 2019-07-01 | 0 days | 1,998 sqft |
| 2019-08-01 | 0 days | 2,000 sqft |
| 2019-09-01 | 0 days | 2,001 sqft |
| 2019-10-01 | 0 days | 2,012 sqft |
| 2019-11-01 | 0 days | 2,010 sqft |
| 2019-12-01 | 0 days | 1,990 sqft |
| 2020-01-01 | 0 days | 1,945 sqft |
| 2020-02-01 | 0 days | 2,000 sqft |
| 2020-03-01 | 0 days | 1,983 sqft |
| 2020-04-01 | 0 days | 2,020 sqft |
| 2020-05-01 | 0 days | 1,944 sqft |
| 2020-06-01 | 0 days | 2,063 sqft |
| 2020-07-01 | 0 days | 2,064 sqft |
| 2020-08-01 | 0 days | 2,100 sqft |
| 2020-09-01 | 0 days | 2,137 sqft |
| 2020-10-01 | 0 days | 2,079 sqft |
| 2020-11-01 | 0 days | 2,106 sqft |
| 2020-12-01 | 0 days | 2,095 sqft |
| 2021-01-01 | 0 days | 2,072 sqft |
| 2021-02-01 | 0 days | 2,002 sqft |
| 2021-03-01 | 0 days | 2,055 sqft |
| 2021-04-01 | 0 days | 2,218 sqft |
| 2021-05-01 | 0 days | 2,081 sqft |
| 2021-06-01 | 0 days | 2,131 sqft |
| 2021-07-01 | 0 days | 2,079 sqft |
| 2021-08-01 | 0 days | 2,129 sqft |
| 2021-09-01 | 0 days | 2,000 sqft |
| 2021-10-01 | 0 days | 1,980 sqft |
| 2021-11-01 | 0 days | 1,902 sqft |
| 2021-12-01 | 0 days | 1,861 sqft |
| 2022-01-01 | 0 days | 1,870 sqft |
| 2022-02-01 | 0 days | 1,834 sqft |
| 2022-03-01 | 0 days | 1,780 sqft |
| 2022-04-01 | 0 days | 1,984 sqft |
| 2022-05-01 | 0 days | 1,833 sqft |
| 2022-06-01 | 0 days | 1,952 sqft |
| 2022-07-01 | 0 days | 2,068 sqft |
| 2022-08-01 | 0 days | 2,084 sqft |
| 2022-09-01 | 0 days | 2,070 sqft |
| 2022-10-01 | 0 days | 2,040 sqft |
| 2022-11-01 | 0 days | 1,990 sqft |
| 2022-12-01 | 0 days | 1,914 sqft |
| 2023-01-01 | 0 days | 1,882 sqft |
| 2023-02-01 | 0 days | 1,794 sqft |
| 2023-03-01 | 0 days | 1,805 sqft |
| 2023-04-01 | 0 days | 1,820 sqft |
| 2023-05-01 | 0 days | 1,981 sqft |
| 2023-06-01 | 0 days | 1,928 sqft |
| 2023-07-01 | 0 days | 1,839 sqft |
| 2023-08-01 | 0 days | 1,859 sqft |
| 2023-09-01 | 0 days | 1,853 sqft |
| 2023-10-01 | 0 days | 1,900 sqft |
| 2023-11-01 | 0 days | 1,886 sqft |
| 2023-12-01 | 0 days | 1,963 sqft |
| 2024-01-01 | 0 days | 1,962 sqft |
| 2024-02-01 | 0 days | 1,966 sqft |
| 2024-03-01 | 0 days | 1,953 sqft |
| 2024-04-01 | 0 days | 1,875 sqft |
| 2024-05-01 | 0 days | 1,948 sqft |
| 2024-06-01 | 0 days | 1,934 sqft |
| 2024-07-01 | 0 days | 1,975 sqft |
| 2024-08-01 | 0 days | 1,954 sqft |
| 2024-09-01 | 0 days | 1,852 sqft |
| 2024-10-01 | 0 days | 1,883 sqft |
| 2024-11-01 | 0 days | 1,880 sqft |
| 2024-12-01 | 0 days | 1,895 sqft |
| 2025-01-01 | 0 days | 1,920 sqft |
| 2025-02-01 | 0 days | 1,917 sqft |
| 2025-03-01 | 0 days | 1,941 sqft |
| 2025-04-01 | 0 days | 1,949 sqft |
| 2025-05-01 | 0 days | 1,900 sqft |
| 2025-06-01 | 0 days | 1,900 sqft |
| 2025-07-01 | 0 days | 1,900 sqft |
| 2025-08-01 | 0 days | 1,913 sqft |
| 2025-09-01 | 0 days | 1,891 sqft |
| 2025-10-01 | 0 days | 1,890 sqft |
| 2025-11-01 | 0 days | 1,902 sqft |
| 2025-12-01 | 0 days | 1,904 sqft |
| 2026-01-01 | 0 days | 1,892 sqft |
| 2026-02-01 | 0 days | 1,925 sqft |
| 2026-03-01 | 0 days | 2,000 sqft |
| 2026-04-01 | 0 days | 1,933 sqft |
| 2026-05-01 | 0 days | 2,020 sqft |
| 2026-06-01 | 0 days | 1,992 sqft |
| 2026-07-01 | 0 days | 2,030 sqft |
| 2026-08-01 | 0 days | 2,039 sqft |
| 2026-09-01 | 0 days | 2,030 sqft |
| 2026-10-01 | 0 days | 1,981 sqft |
Somerset's median listing age (time on market) for 2026-10-01 was 0 days.
Somerset's median square footage for active listings during the 2026-10-01 period was 1,981 sqft. One year prior, the average listing was 1,890 sqft.
Somerset's median square footage for active listings during the 2026-10-01 period was 1,981 sqft. One year prior, the average listing was 1,890 sqft.
Somerset, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 655 | $132,045,000 | $201,595 |
| Refi | 193 | $40,805,000 | $211,425 |
| Cash Out Refi | 183 | $32,515,000 | $177,678 |
| Other | 128 | $10,710,000 | $83,672 |
| Home Improvement | 82 | $8,720,000 | $106,341 |
| NA | 1 | $75,000 | $75,000 |
Somerset's most frequently cited loan purpose was Home Purchase, with 655 originations. The 2nd most popular reason was Refi, with 193 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 462 | $93,500,000 | $202,381 |
| 7-8% | 215 | $31,985,000 | $148,767 |
| 5-6% | 188 | $46,150,000 | $245,479 |
| Over 8% | 141 | $12,065,000 | $85,567 |
| 3-4% | 32 | $370,000 | $11,563 |
| 4-5% | 17 | $1,155,000 | $67,941 |
| <2.5% | 3 | $125,000 | $41,667 |
| 2.5-3% | 1 | $155,000 | $155,000 |
During 2025, Somerset's most frequently originated rate bucket was 6-7%, with 462 originations.
Loan Sizing (Somerset, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 414 | $61,500,000 | $148,551 |
| $100,000 or less | 377 | $19,795,000 | $52,507 |
| $200k-400k | 373 | $98,905,000 | $265,161 |
| $400k-600k | 62 | $29,430,000 | $474,677 |
| $600k-1000k | 11 | $7,325,000 | $665,909 |
| $Over $1MM | 5 | $7,915,000 | $1,583,000 |
Somerset's loan sizing saw the bucket of loans from $100k-200k with 414 originations, totaling $61,500,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 418 | $96,110,000 | $229,928 |
| 60-80% | 203 | $43,955,000 | $216,527 |
| Under 20% | 152 | $4,700,000 | $30,921 |
| 20-40% | 149 | $14,345,000 | $96,275 |
| 40-60% | 101 | $16,605,000 | $164,406 |
| Over 100% | 11 | $2,535,000 | $230,455 |
Somerset's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 418 originations, totaling $96,110,000 in origination value.