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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 $74,321, lower than the Mississippi average of $183,008.
The average cost of rent is $817/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. In Somerville, 23.83% of households rent, and 76.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $3,069 per month. Households that rent pay about 26.62% of their income on rent here. Somerville’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sunnyside, MS: less expensive homes
- Philipp, MS: less expensive homes
- Whitehead, MS: higher priced homes
- Glendora, MS: higher priced homes
- Minter City, MS: higher priced homes
- Tippo, MS: less expensive homes
- Sharkey, MS: higher priced homes
- Schlater, MS: less expensive homes
- Money, MS: higher priced homes
- Leflore, MS: higher priced homes
Cities with Similar Populations
- Adrian, WA: higher priced homes
- Zerbe, PA: equally priced homes
- Zepp, VA: higher priced homes
- Wren, AL: higher priced homes
- Woolcott, KY: higher priced homes
- Tome, NM: higher priced homes
- Tilden, AL: higher priced homes
- Becker, MS: higher priced homes
- Beavertown, OH: higher priced homes
- Beach Haven Heights, NJ: higher priced homes
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