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Somerville, TN Real Estate


According to census data in the year 2000 there were 1,069 housing units in Somerville. This represents a 17.3% growth from 911 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,069 were located in what is classified as a rural area.

Homeownership rate in Somerville is about 47.9%. Somerville's vacancy rate, including seasonal lodging, is about 5.5%. Average household size is 2.25 people.

The majority of houses, apartments or condos in Somerville were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom24.70%
Two Bedrooms30.40%
Three Bedrooms34.90%
Four Bedrooms8.10%
Five Bedrooms or more1%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.79
Median year structure was built1963
Median Value of occupied units$77,600
Median Price asked for vacant units$65,000

Rented Homes, Apartments and Condos

Average Household Size1.75
Median year structure was built1979
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.30%
Home Equity Loan3%
Simple Mortgage44.30%
Debt Free49.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%