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Somerville, IN Real Estate


According to census data in the year 2000 there were 130 housing units in Somerville. This represents a 38.3% growth from 94 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 130 were located in what is classified as a rural area.

Homeownership rate in Somerville is about 92.1%. Somerville's vacancy rate, including seasonal lodging, is about 3.1%. Average household size is 2.77 people.

The majority of houses, apartments or condos in Somerville were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom6.20%
Two Bedrooms50.80%
Three Bedrooms32.30%
Four Bedrooms9.20%
Five Bedrooms or more1.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.84
Median year structure was built1956
Median Value of occupied units$48,900

Rented Homes, Apartments and Condos

Average Household Size2
Median year structure was built1963

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan2.20%
Second Mortgage7.80%
Home Equity Loan13.30%
Simple Mortgage35.60%
Debt Free41.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.3%