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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 $159,510, lower than the Indiana average of $232,932.
The average cost of rent is $752/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. In Somerville, 14.25% of households rent, and 52.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $5,114 per month. Households that rent pay about 14.70% of their income on rent here. Somerville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mackey, IN: higher priced homes
- Oakland City, IN: equally priced homes
- Francisco, IN: higher priced homes
- Enos Corner, IN: less expensive homes
- Lynnville, IN: equally priced homes
- Spurgeon, IN: equally priced homes
- Douglas, IN: higher priced homes
- Wheatonville, IN: higher priced homes
- Elberfeld, IN: higher priced homes
- Fort Branch, IN: higher priced homes
Cities with Similar Populations
- Mount Carmel, MS: less expensive homes
- Orffs Corner, ME: higher priced homes
- Orange, NH: higher priced homes
- Opelika, TX: higher priced homes
- Oneida, KY: less expensive homes
- Oneida Castle, NY: higher priced homes
- Nutria, CO: higher priced homes
- New Limerick, ME: equally priced homes
- New Freeport, PA: less expensive homes
- Nashua, MT: higher priced homes
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