Somerville, AL


Highest Appreciating Somerville Neighborhoods Since 2000

Somerville, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Somerville Housing Market Information

With 716 people, 275 houses or apartments, and a median cost of homes of $105,084, house prices in Somerville are solidly below the national average.

Single-family detached homes are the single most common housing type in Somerville, accounting for 54.51% of the town's housing units. Other types of housing that are prevalent in Somerville include mobile homes or trailers ( 37.85%), duplexes, homes converted to apartments or other small apartment buildings ( 5.21%), and a few row houses and other attached homes ( 1.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Somerville. Owner-occupied housing accounts for 70.18% of Somerville's homes, and 67.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Somerville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Somerville built between 1940-1969 ( 16.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.63%). There's also some housing in Somerville built before 1939 ( 2.78%).

Somerville Home Appreciation Rates

Appreciation rates for homes in Somerville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.14%, which ranks in the top 40% nationwide. This equates to an annual average Somerville house appreciation rate of 0.50%.

Over the last year, Somerville appreciation rates have trailed the rest of the nation. In the last twelve months, Somerville's appreciation rate has been -1.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Somerville were at 2.14%, which equates to an annual appreciation rate of 8.84%.

Importantly, this makes Somerville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Alabama, our data show that Somerville's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values


Median Home Value:

Somerville, AL HOME PRICES

Value Range
> $1,034,000 0.2
$775,001 - $1,034,000 0.0
$517,001 - $775,000 1.0
$413,001 - $517,000 0.8
$310,001 - $413,000 0.4
$207,001 - $310,000 9.2
$103,001 - $207,000 46.0
$52,001 - $103,000 26.2
$0 - $52,000 16.3

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
74.276338919489 50.75

Number Of Homes And Apartments:

Somerville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
22.98% 1.21% 3 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$788 / per month

Homeownership Rate

Owners 70.18
Renters 29.82
Vacant 4.51

Housing Market Details


Age of Homes

AGE OF Somerville HOMES
2000 or Newer 15.6
1970 - 1999 64.9
1940 - 1969 16.7
1939 or Older 2.8

Types of Homes

TYPE OF Somerville HOMES
Single-Family 54.5
Townhomes 1.4
Small Apt. Buildings 5.2
Apt. Complexes 1.0
Mobile Homes 37.8
Other 0.0

Home Size

SIZE OF Somerville HOMES
No Bedroom 0.00
1 Bedroom 2.08
2 Bedrooms 29.17
3 Bedrooms 61.81
4 Bedrooms 5.21
5 or more bedrooms 1.74

Popular Neighborhoods in Somerville

Zip Codes in Somerville, AL