The housing market in 47683 Somerville, IN is a great investment. The median value of homes in this area is $135,300, which is significantly lower than the median value across the US at $338,100. However, its one-year house appreciation rate is very impressive at 16.17%, which is more than double the national average of 8.27%. Clearly, this area offers both affordability and potential for good returns on investments.
The median home cost in Somerville (zip 47683) is $135,300. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Somerville (zip 47683) is up 16.1%.
Average Age of Homes
- The median age of Somerville (zip 47683) real estate is 49 years old
The Rental Market in Somerville (zip 47683)
- Renters make up 16.1% of the Somerville (zip 47683) population
- 0.0% of houses and apartments in Somerville (zip 47683), 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.