Interested in purchasing investment houses in the 42501 zip code in Somerset, KY?
The zip code 42501 is in both Pulaski and Laurel counties with a latitude of -84.449780000000 and longitude of 37.061740000000, is in the state of Kentucky. The average asking price of houses and condos is $157,633.00 and the average sale price was $25,000.00. this regions is classified as the Lexington metro area and is in the 606 area code. The location in degrees is 37° 3' 42.264" N, 84° 26' 59.208" W. The county F.I.P.S. is 21199. This zip code contains three cities including Somerset, KY (3.28%), Ferguson, KY (0.24%), and Burnside, KY (0.13%) The total land area is 199.8 square miles and the water area is 3.9 square miles. The elevation in this area is 863 - 1158 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 42501 is in county number 199 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 17,579 in 2019 and 17,592 in 2010. Of this, the break down in 2019 was 11,302 urban and 6,276 rural. This further breaks down to 8,225 males (46.8%) and 9,354 females (53.2%). The median age of residents is 41.9 years. The population of the greater Somerset, KY area is 60,657. The population density (people per square mile) is 88. This zip code has a combined total of 8,593 houses and condos. There are 2,910 rented appartments. 41% of residents rent versus the 41% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $36,363 and the average salary is $30,784. The median household income of individuals is $31,874.00 and the average is $42,070.00. This zip code has a mean commute time to work of 19.9 minutes. The unemployment rate is 6.6%. Income earners by percent breakdown as 72.10% (Under $50,000), 21.50% ($50,000-$100,000), and 6.30% earn over $100,000. 26.0% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 80.7. The educational breakdown is 79.0% have a high school education or higher, 11.9% have a bachelor's degree or higher, and 4.7% have some kind of profesional degree.
This area has 7,313 households and the average size is 2.4 people. Individuals who are single and have never been married are 22.9%, 46.6% are now married, 2.8% are separated, 9.3% are widowed, and 18.4% are divorced. The average yearly contribution amount given by people to charity was $5,098 versus the state average of $4,303. The percent of residents who gave to charity was 13.1%.
The estimated median value of houses and condos is $99,849. The median monthly owner costs of mortgage holders was $929, where as the costs for those who don't have a mortgage are $296. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $726. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,257. The median housing property tax percent for residents with mortgages was 0.7% which amounted to an average tax amount of $877. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $543. Reported taxable interest for persons was $1,251, dividends $3,725, capital gains +$4,641, and itemized deductions $18,177. The average earned income tax credit is $2,330. The percent of individuals that use a tax preparer is 70.3%. The total average income taxes paid by individuals was $5,642. Businesses reported an average profit of $9,590.
Yamato Steakhouse of Japan
370 S Highway 27 Ste 8, Somerset, KY 42501
Charred Oak Whiskey Grill
305 E Mount Vernon St, Somerset, KY 42501
Somerset Seafood Shopper
370 S Highway 27, Somerset, KY 42501
Fazoli's
3209 S Highway 27, Somerset, KY 42501
Wasabi Express
799 S Highway 27, Somerset, KY 42501
King Buffet
300 Sam Walton Dr Ste 1100, Somerset, KY 42501
Texas Roadhouse
100 Stonegate Ctr, Somerset, KY 42501
Get UR Smoke On
650 S Highway 27 Ste 1, Somerset, KY 42501
Truck Full of BBQ
5003 Beechwood Dr, Somerset, KY 42501
Firepit BBQ
4446 S Highway 27, Somerset, KY 42501
Slim Chickens
1004 S Highway 27, Somerset, KY 42501
Reno's Roadhouse
6361 S Highway 27, Somerset, KY 42501
Old Town Grill
4150 S Highway 27, Somerset, KY 42501
Sock Hop Diner
6320 S Highway 27, Somerset, KY 42501
Wing Street
2975 S Highway 27, Somerset, KY 42501
Frisch's Big Boy
2871 S Highway 27, Somerset, KY 42501
Wing Street
914 S Highway 27, Somerset, KY 42501
Waffle King Royal
2040 S Highway 27, Somerset, KY 42501
McTribe Restaurants Store
131 S Highway 27, Somerset, KY 42501
Global Creative Restaurant Group
140 Stone Crest Dr, Somerset, KY 42501
Panda Garden Chinese Restaurant
345 N Highway 27, Somerset, KY 42503 (3.9 miles away)
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