Zip 38068 (Somerville, TN) Housing

Somerville, TN 38068 is an area with a growing real estate market. The housing median value in this area is $230,100, which is much lower than the US House Median Value of $338,100. However, the one year house appreciation in Somerville is 15.27%, which is significantly higher than the US 1 year house appreciation rate of 8.27%. This indicates that Somerville is a great location for potential homeowners as its housing values are projected to continue to increase over time.

The median home cost in Somerville (zip 38068) is $230,100. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Somerville (zip 38068) is up 20.2%.

Average Age of Homes

- The median age of Somerville (zip 38068) real estate is 33 years old

The Rental Market in Somerville (zip 38068)

- Renters make up 29.4% of the Somerville (zip 38068) population
- 0.7% of houses and apartments in Somerville (zip 38068), 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

Housing	Somerville, Tennessee	United States
	4,449.0	139,647,020.0
	36	42
	$230,100	$338,100
	20.2%	16.6%
	63.5%	57.0%
	94.9%	101.1%
	$3.51	$10.98
	$669	$2,690
	60.7%	57.4%
	9.1%	11.2%
	30.2%	31.4%
Vacant Housing
	0.7%	1.9%
	1.5%	0.4%
	0.0%	0.7%
	0.5%	0.4%
	0.6%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	2.7%	2.4%
	6.3%	2.8%
	6.6%	3.9%
	8.2%	4.5%
	10.3%	11.3%
	16.1%	13.0%
	22.1%	20.1%
	12.0%	13.6%
	5.3%	8.3%
	4.9%	9.7%
	0.5%	3.9%
	0.4%	2.2%
	0.9%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.0%	13.6%
	20.0%	13.6%
	15.2%	13.6%
	14.0%	13.2%
	15.5%	14.8%
	15.2%	13.6%
	7.6%	10.0%
	4.3%	4.7%
	2.8%	12.2%

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