The housing market in Somerville, AL is very strong. The median value of homes in Somerville is $145,100, which is significantly lower than the US median of $338,100. In the last year, house values have appreciated by 15.32% in Somerville compared to 8.27% across the US as a whole. This shows that the housing market in Somerville is thriving and increasing in value at a much higher rate than other parts of the country. This makes it an attractive place for potential buyers who want to get the most out of their investment.
The median home cost in Somerville is $145,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Somerville is up 19.8%.
Average Age of Homes
- The median age of Somerville real estate is 35 years old
The Rental Market in Somerville
- Renters make up 29.8% of the Somerville population
- 0.0% of houses and apartments in Somerville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.