Somerville, TN Real Estate
According to census data in the year 2000 there were 1,069 housing units in Somerville.
This represents a 17.3% growth from 911 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,069 were located in what is classified as a rural area.
Homeownership rate in Somerville is about 47.9%.
Somerville's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Somerville were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 24.70% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 34.90% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $77,600 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.75 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.30% |
| Home Equity Loan | 3% |
| Simple Mortgage | 44.30% |
| Debt Free | 49.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
