Home prices
The median home in Somerville is valued at $82,000. It is approximately $33,160 (28%) lower compared to its nearby areas.Compared to the rest of the country it is approximately $135,500 (62%) lower, and it is roughly $56,000 (40%) lower in comparison to the city of Cincinnati.
Rents
In Somerville the median rent is $739 per month. In comparison to the surrounding areas this is approximately $108 (12%) lower.Compared to the United States as a whole it is approximately $323 (30%) lower, and is is very similar in comparison to the city of Cincinnati.
Nearby places
West Elkton
West Elkton is approximately 4 miles northeast from Somerville. The real estate prices there are somewhat less expensive. The median home in West Elkton is valued at $65,000, which is $17,000 (26%) lower than Somerville. The rent there is a little more expensive. West Elkton's median monthly rent is $886, which is $147 (16%) higher than Somerville.
Camden
Camden is roughly 5 miles north from Somerville. Its housing prices are pretty similar. Camden's median home cost is $80,000, which is $2,000 (2%) lower than Somerville. The rent there is a bit less expensive. The median monthly rent in Camden is $645, which comes out to $94 (14%) lower than Somerville.
Oxford
Oxford is approximately 6 miles southwest from Somerville. Its real estate prices are significantly more expensive. The median home in Oxford is valued at $217,100, which comes out to $135,100 (62%) higher than Somerville. The rent there is somewhat more expensive. Oxford's median monthly rent is $779, which comes out to $40 (5%) higher than Somerville.
Seven Mile
Seven Mile is approximately 6 miles southeast from Somerville. Its housing prices are significantly more expensive. The median home in Seven Mile is valued at $121,000, which is $39,000 (32%) higher than Somerville. Rents there are somewhat more expensive. In Seven Mile the median monthly rent is $1,008, which comes out to $269 (26%) higher than Somerville.
Gratis
Gratis is roughly 7 miles northeast of Somerville. The housing prices there are a little more expensive. Gratis's median home value is $92,700, which is $10,700 (11%) higher than Somerville. Rents there are somewhat more expensive. Gratis's median rent is $916 per month, which works out to $177 (19%) higher than Somerville.
