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These days, finding an affordable place to live in the Somerville area can be challenging. Home prices in Somerville are now at a median cost of $191,533, lower than the Alabama average of $228,911.
The average cost of rent is $793/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. In Somerville, 21.66% of households rent, and 54.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $5,604 per month. Households that rent pay about 14.16% of their income on rent here. Somerville’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winton, AL: less expensive homes
- Gum Spring, AL: higher priced homes
- Valhermoso Springs, AL: less expensive homes
- Echols Crossroads, AL: higher priced homes
- Triana, AL: higher priced homes
- Priceville, AL: higher priced homes
- Laceys Spring, AL: equally priced homes
- Morgan City, AL: equally priced homes
- Union Hill, AL: equally priced homes
- Eva, AL: equally priced homes
Cities with Similar Populations
- Congers, NY: higher priced homes
- West Liberty, KY: less expensive homes
- Crittenden, KY: higher priced homes
- Countryside, IL: higher priced homes
- Country Club Estates, GA: less expensive homes
- Cos Cob, CT: higher priced homes
- Corry, PA: less expensive homes
- Coplay, PA: higher priced homes
- Coopersville, MI: higher priced homes
- Conning Towers Nautilus Park, CT: higher priced homes
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