Zip 02145 (Somerville, MA) Housing


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Housing in 02145 Somerville, MA is expensive. The median value for a house in the area is $726,300, which is more than double the US median of $338,100. Despite the high cost of housing in 02145, appreciation rates are still positive and currently stand at 5.64%, which is slightly lower than the national average of 8.27%. This indicates that even though it may be expensive to buy a house in this area, those that do will likely see an increase in their investment over time.

The median home cost in Somerville (zip 02145) is $726,300. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Somerville (zip 02145) is up 10.6%.

Average Age of Homes
- The median age of Somerville (zip 02145) real estate is 78 years old
The Rental Market in Somerville (zip 02145)
- Renters make up 58.7% of the Somerville (zip 02145) population
- 0.7% of houses and apartments in Somerville (zip 02145), 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingSomerville, MassachusettsUnited States
  11,983.0139,647,020.0
  6142
  $726,300$338,100
  10.6%16.6%
  44.8%57.0%
  104.4%101.1%
  $11.44$10.98
  $4,283$2,690
  33.2%57.4%
  5.3%11.2%
  61.5%31.4%
  Vacant Housing
  0.7%1.9%
  0.0%0.4%
  0.1%0.7%
  0.5%0.4%
  0.1%3.6%
  3.9%4.1%
  Value of Owner-Occupied Housing
  0.9%2.6%
  0.0%2.4%
  0.2%2.8%
  0.0%3.9%
  0.8%4.5%
  0.6%11.3%
  0.8%13.0%
  2.6%20.1%
  4.7%13.6%
  8.1%8.3%
  41.8%9.7%
  27.6%3.9%
  11.1%2.2%
  0.5%0.8%
  0.3%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  1.9%13.6%
  1.9%13.6%
  3.9%13.6%
  4.8%13.2%
  6.9%14.8%
  3.9%13.6%
  4.3%10.0%
  3.3%4.7%
  58.4%12.2%
Commute