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 $208,041, lower than the Tennessee average of $218,916.
The average cost of rent is $842/mo in Somerville, primarily driven by the current value of real estate in the Somerville area. While nearly 33.30% of residents own their homes outright in Somerville, 35.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerville is $4,081 per month. Households that rent pay about 20.64% of their income on rent here. Somerville's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Warren, TN: equally priced homes
- Williston, TN: less expensive homes
- Hickory Withe, TN: higher priced homes
- Laconia, TN: less expensive homes
- Yum Yum, TN: equally priced homes
- Oakland, TN: equally priced homes
- New Castle, TN: less expensive homes
- Macon, TN: higher priced homes
- Braden, TN: equally priced homes
- Longtown, TN: less expensive homes
Cities with Similar Populations
- East Palestine, OH: less expensive homes
- Dundee, FL: less expensive homes
- Duquesne, PA: less expensive homes
- East Farmingdale, NY: higher priced homes
- East Glenville, NY: higher priced homes
- East Greenville, PA: higher priced homes
- East Hampton North, NY: higher priced homes
- East Jordan, MI: less expensive homes
- East Moriches, NY: higher priced homes
- Dulles Town Center, VA: higher priced homes
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