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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 $256,608, higher than the Ohio average of $236,816.
The average cost of rent is $953/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. In Somerville, 14.05% of households rent, and 38.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $7,165 per month. Households that rent pay about 13.30% of their income on rent here. Somerville’s most expensive areas are in the southwestern 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
- West Elkton, OH: equally priced homes
- Camden, OH: less expensive homes
- Seven Mile, OH: equally priced homes
- Gratis, OH: less expensive homes
- Morning Sun, OH: less expensive homes
- Overpeck, OH: less expensive homes
- Trenton, OH: equally priced homes
- Enterprise, OH: higher priced homes
- Oxford, OH: equally priced homes
- New Miami, OH: less expensive homes
Cities with Similar Populations
- Addison, NY: less expensive homes
- Breckenridge, MN: less expensive homes
- Cockrell Hill, TX: less expensive homes
- Cordova, SC: less expensive homes
- Summerset, SD: higher priced homes
- Henrietta, TX: less expensive homes
- Oakridge, OR: equally priced homes
- Pisgah, AL: less expensive homes
- Sardis, MS: less expensive homes
- Sharpsburg, MD: higher priced homes
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