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Somerset, KY Condo for Sale

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    $275,000

    • 2 Beds
    • 2 Baths
    • 1,452 Sq Ft

    40 Peaceful Way, Somerset, KY 42503

    This charming 2-bedroom, 2-bath condo features an open living and dining area, an inviting kitchen with ample cabinet space, and over 1,400 square feet of living space. Located in The Neighborhood senior living complex, this remarkable condo offers all the benefits of a central location.

    Natalie Burton CENTURY 21 Advantage Realty

    40 Peaceful Way, Somerset, KY 42503

Why Live in Somerset

Somerset, KY, a small town with a population of about 12,000, is known for its booming tourism industry, largely driven by Lake Cumberland. Each summer, the town comes alive with boating, car shows, and live music, attracting over 4 million visitors annually. Despite its vibrant summer scene, Somerset maintains a quiet atmosphere during the winter months. The town offers an affordable cost of living, with homes becoming newer as you move away from the city center. Properties often feature large yards, and taxes are relatively low compared to the rest of Kentucky. Somerset Independent Schools and Somerset Christian School are highly rated, providing quality education options. Somerset High School offers dual enrollment courses and specialized programs at the Pulaski County Area Technology Center. Lake Cumberland is central to local attractions, offering boating, swimming, and fishing, while nearby farms provide seasonal fruit-picking opportunities. The Horse Soldier Distillery, set to open in 2026, is a significant development, expected to boost tourism further. Somerset's shopping and dining scene serves as a regional hub for surrounding counties. The town hosts popular events like Somernites Cruise and the Master Musicians Festival. Residents enjoy amenities such as the Pulaski County Public Library, The Virginia theater, and the Center for Rural Development. Healthcare is robust, with Lake Cumberland Regional Hospital and various specialists available. Major roads include U.S. Route 27 and Kentucky Route 80, with Lexington 80 miles away. Crime rates are on par with the national average for property crimes and below the national average for violent crimes.

Home Trends in Somerset, KY

Housing Trends

Median Sale Price
$265,000
Median Single Family Sale Price
$296,900
Median Townhouse Sale Price
$240,000
Median 2 Bedroom Sale Price
$252,500
Median 1 Bedroom Sale Price
$445,000
Average Price Per Sq Ft
$143
Number of Homes for Sale
191
Last 12 months Home Sales
400
Months of Supply
5.70
Median List Price
$309,950
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
3%
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