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 Type | 0% |
| One Bedroom | 6.20% |
| Two Bedrooms | 50.80% |
| Three Bedrooms | 32.30% |
| Four Bedrooms | 9.20% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.84 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $48,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1963 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 2.20% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 13.30% |
| Simple Mortgage | 35.60% |
| Debt Free | 41.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
