Home prices
The median home in Somerville is valued at $164,200. This is approximately $50,080 (43%) higher compared to its nearby areas.In comparison to the US as a whole it is approximately $53,300 (24%) lower, and compared to the city of Memphis is approximately $62,400 (61%) higher.
Rents
In Somerville the median monthly rent is $548. In comparison to nearby areas it is approximately $349 (38%) lower.In comparison to the rest of the nation it is approximately $514 (48%) lower, and compared to the city of Memphis is about $353 (39%) lower.
Nearby places
Williston
Williston is approximately 5 miles south of Somerville. Real estate prices there are a lot less expensive. The median home value in Williston is $99,400, which is $64,800 (65%) lower than Somerville. Its rents are significantly more expensive. In Williston the median rent is $950 per month, which comes out to $402 (42%) higher than Somerville.
Oakland
Oakland is approximately 7 miles west of Somerville. Its housing prices are a bit more expensive. The median home cost in Oakland is $185,800, which comes out to $21,600 (11%) higher than Somerville. Rents there are a lot more expensive. Oakland's median monthly rent is $1,502, which comes out to $954 (63%) higher than Somerville.
Moscow
Moscow is about 12 miles south from Somerville. The real estate prices there are significantly less expensive. The median home in Moscow costs $104,500, which comes out to $59,700 (57%) lower than Somerville. Rent there is a little more expensive. The median rent in Moscow is $763 per month, which is $215 (28%) higher than Somerville.
Gallaway
Gallaway is about 12 miles northwest from Somerville. Its real estate prices are a lot less expensive. Gallaway's median home price is $112,500, which comes out to $51,700 (45%) lower than Somerville. The rent there is a little less expensive. The median monthly rent in Gallaway is $498, which comes out to $50 (10%) lower than Somerville.
Whiteville
Whiteville is approximately 13 miles northeast from Somerville. The housing prices there are significantly less expensive. The median home in Whiteville is valued at $68,400, which is $95,800 (140%) lower than Somerville. Rent there is somewhat more expensive. In Whiteville the median rent is $771 per month, which comes out to $223 (28%) higher than Somerville.
