Similar to the surrounding areas, it is a lot less expensive compared to the nation as a whole. However it's somewhat less expensive compared to the city of Evansville.
Home prices
Somerville's median home value is $85,000. In comparison to other places in this area this is is very similar.Compared to the country as a whole it is about $132,500 (60%) lower, and in comparison to the city of Evansville is approximately $9,200 (9%) lower.
Rents
Somerville's median rent is $800 a month. Compared to nearby areas it is roughly $41 (5%) higher.Compared to the country as a whole it is about $262 (24%) lower, and it is about $26 (3%) higher in comparison to the city of Evansville.
Nearby places
Mackey
Mackey is approximately 1 mile south from Somerville. The housing prices there are somewhat less expensive. The value of the median home in Mackey is $70,000, which is $15,000 (21%) lower than Somerville. The rent there is somewhat more expensive. The median rent in Mackey is $933 a month, which works out to $133 (14%) higher than Somerville.
Oakland City
Oakland City is approximately 4 miles north of Somerville. Real estate prices there are somewhat less expensive. The median home in Oakland City costs $69,000, which comes out to $16,000 (23%) lower than Somerville. Its rents are somewhat less expensive. In Oakland City the median rent is $674 a month, which works out to $126 (18%) lower than Somerville.
Francisco
Francisco is roughly 5 miles northwest of Somerville. Its real estate prices are somewhat less expensive. The median home in Francisco costs $72,300, which is $12,700 (17%) lower than Somerville. The rent there is somewhat more expensive. In Francisco the median monthly rent is $879, which works out to $79 (8%) higher than Somerville.
Lynnville
Lynnville is about 6 miles southeast of Somerville. Real estate prices there are somewhat more expensive. The median home value in Lynnville is $100,400, which is $15,400 (15%) higher than Somerville. Rents there are a little less expensive. Lynnville's median monthly rent is $686, which is $114 (16%) lower than Somerville.
Elberfeld
Elberfeld is approximately 8 miles south from Somerville. Real estate prices there are a bit more expensive. Elberfeld's median home value is $116,300, which comes out to $31,300 (26%) higher than Somerville. The rent there is somewhat less expensive. Elberfeld's median monthly rent is $622, which comes out to $178 (28%) lower than Somerville.
