Somerville, MA Real Estate
According to census data in the year 2000 there were 32,477 housing units in Somerville.
This represents a 2.2% growth from 31,786 in 1990.
Of those housing units, 32,477 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Somerville is about 30.6%.
Somerville's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Somerville were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.80% |
| One Bedroom | 25% |
| Two Bedrooms | 37.40% |
| Three Bedrooms | 21% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 5% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $214,100 |
| Median Price asked for vacant units | $185,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $909 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 56.60% |
| Debt Free | 31.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
