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Foreclosure Homes in Somerset, IN

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5 View this home at E 400 S Wabash IN 46992
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E 400 S
Wabash, IN 46992
Single-Family
|
3 |
2
|
1,792
AUCTION: 04-09-2024
Single-Family
|
3 |
2
|
1,792
5 View this home at S Main St La Fontaine IN 46940
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$172,714 EMV
S Main St
La Fontaine, IN 46940
Single-Family
|
3 |
2
|
2,111
EST. RENT: $1,408
|
AUCTION: 04-09-2024
Single-Family
|
3 |
2
|
2,111
View this home at Columbus St Wabash IN 46992
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$119,738 EMV
Columbus St
Wabash, IN 46992
Single-Family
|
3 |
1
|
1,248
EST. RENT: $930
|
AUCTION: 04-09-2024
Single-Family
|
3 |
1
|
1,248
View this home at Vernon St Wabash IN 46992
Preforeclosure
VIEW DETAILS
$164,804 EMV
Vernon St
Wabash, IN 46992
Single-Family
|
3 |
2
|
1,692
EST. RENT: $1,181
|
AUCTION: 04-09-2024
Single-Family
|
3 |
2
|
1,692
Displaying 1 - 10 of 49
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Top Reasons To Live In Somerset, IN In 2024

Somerset is located in Wabash, Indiana, with an estimated municipal population of 420 residents. All of the best foreclosed homes for sale in Somerset are located in the following zip code areas on Foreclosure.com: 46984 46940. The estimated population per square kilometer (.62 miles) in Somerset is 243.


Cost Of Living In Somerset, IN

So, about how much do homes cost in Somerset? The most recent median value of resident-owned homes in Somerset is 117,569. An estimated 82.2 percent of households in Somerset own their homes, with an average family size of 2.64. The median household income in Somerset is 71,667, with19.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Somerset, the median commute time of resident workers (in minutes) is 17.5.


Diversity And Demographics In Somerset, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Somerset, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Somerset is 55, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Somerset is 66.4, with an average family size of 2.64.

The percentage of residents who report their race in Somerset is as follows:

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Somerset? Or maybe you are searching for 55+ active adult communities in and/or near Somerset?

The percentage of residents who report their age in Somerset is as follows:

Under 10 13.6%
Aged 10-19 5%
20s 0%
30s 28.1%
40s 3.3%
50s 0%
60s 32.6%
70s 8.9%
80+ 8.6%

Best Schools In Somerset, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Somerset with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Somerset.


Pros And Cons Of Living In Somerset, Indiana

How do you know that living in -- or moving to -- Somerset is right where you need to be? Perhaps you grew up in Somerset or already live nearby; therefore, the decision to buy a home in Somerset is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Somerset for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Somerset:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Somerset.


Reasons To Move To Somerset, Indiana, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Somerset can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Somerset, meanwhile, can field multiple offers from more qualified buyers.

Somerset, IN Foreclosures


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