Home Price Key
Affordable
Average
Expensive
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 $91,675, lower than the New York average of $481,023.
The average cost of rent is $762/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. While nearly 56.16% of residents own their homes outright in Somerville, 20.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $4,964 per month. Households that rent pay about 15.36% of their income on rent here. Somerville's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Wegatchie, NY: equally priced homes
- Spragueville, NY: equally priced homes
- Oxbow, NY: higher priced homes
- Antwerp, NY: higher priced homes
- Gouverneur, NY: higher priced homes
- Elmdale, NY: higher priced homes
- Little Bow, NY: higher priced homes
- Fowler, NY: higher priced homes
- Balmat, NY: higher priced homes
- Rossie, NY: equally priced homes
Cities with Similar Populations
- Zurich, KS: less expensive homes
- Webber, KS: less expensive homes
- West Salisbury, VT: higher priced homes
- Brooklyn, IL: less expensive homes
- Bingham, TN: higher priced homes
- Bald Mountain, NY: higher priced homes
- Austwell, TX: higher priced homes
- Culbreth, NC: higher priced homes
- Arlington Beach, SD: higher priced homes
- Arion, IA: higher priced homes
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