Metropolitan Statistical Area (MSA):
Somerset, KY is a Metropolitan Statistical Area (MSA) comprising counties including Pulaski County.
The Somerset, KY metropolitan statistical area (MSA) is located in the heart of the Appalachian Mountains. The region is home to a diverse population, with a large number of residents who are employed in the coal industry. The MSA includes several counties, including Pulaski, Laurel, and Whitley.
In recent years, there has been an increase in the number of people moving to the Somerset MSA. This is due in part to the growing popularity of outdoor recreation and adventure activities in the region. In addition, the cost of living in the MSA is relatively low when compared to other parts of Kentucky and the United States.
The housing market in the Somerset MSA has been strong in recent years. Home prices have been rising steadily, and there is a high demand for both new construction and existing homes. The average price for a home in the MSA is $150,000, which is significantly lower than many other areas of Kentucky and the United States.
There are several factors that contribute to the strong housing market in Somerset. One reason is that there are a limited number of homes available for sale relative to population growth. Additionally, many people who move to Somerset do so because they want to live in a rural area with access to outdoor recreation opportunities. This has resulted in increased demand for both vacation homes and year-round residences.