Affordable
Expensive
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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 $663,690, higher than the Manchester average of $371,059.
The average cost of rent is $1,410/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. In Somerville, 58.28% of households rent, and 27.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $5,811 per month. Households that rent pay about 24.26% of their income on rent here. Somerville’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Hallsville, Manchester, NH: less expensive homes
- Kalivas Union, Manchester, NH: less expensive homes
- Bakersville, Manchester, NH: less expensive homes
- Downtown, Manchester, NH: less expensive homes
- Highlands, Manchester, NH: less expensive homes
- Piscataquog, Manchester, NH: less expensive homes
- Straw-Smyth, Manchester, NH: less expensive homes
- Youngsville, Manchester, NH: less expensive homes
- Rimmon Heights, Manchester, NH: less expensive homes
- Wellington, Manchester, NH: less expensive homes
Neighborhoods with Similar Populations
- Hudson Avenue Historic District, Newark, OH: less expensive homes
- Taylor, Cedar Rapids, IA: less expensive homes
- Swan, Grand Rapids, MI: less expensive homes
- Stockade District, Kingston, NY: less expensive homes
- Stanwood Park, South Portland, ME: less expensive homes
- Skies West, Albuquerque, NM: less expensive homes
- McGirts Creek, Jacksonville, FL: less expensive homes
- Lynwood Hills, Chula Vista, CA: higher priced homes
- Lower 9th Ward, New Orleans, LA: less expensive homes
- Lincoln Park, Milwaukee, WI: less expensive homes
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