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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 $224,526, lower than the Maine average of $330,167.
The average cost of rent is $1,480/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. In Somerville, 12.63% of households rent, and 57.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $5,905 per month. Households that rent pay about 25.06% of their income on rent here. Somerville’s most expensive areas are in the southwestern 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
- Sandhill Corner, ME: equally priced homes
- Coopers Mills, ME: higher priced homes
- Windsor, ME: equally priced homes
- West Washington, ME: equally priced homes
- Jones Corner, ME: higher priced homes
- Jefferson, ME: higher priced homes
- Washington, ME: less expensive homes
- Palermo, ME: higher priced homes
- South Liberty, ME: equally priced homes
- South China, ME: equally priced homes
Cities with Similar Populations
- Red Bush, IN: less expensive homes
- Pepperell, AL: higher priced homes
- Percilla, TX: less expensive homes
- Perrytown, NC: less expensive homes
- Petronia, AL: less expensive homes
- Phelps, MN: higher priced homes
- Philadelphia, IN: higher priced homes
- Pindall, AR: less expensive homes
- Putney, GA: less expensive homes
- Quinn, AR: equally priced homes
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