Rental market snapshot for Somerville, Tennessee
Somerville, Tennessee Rental Property Market Overview
Somerville, Tennessee is a small town located in Fayette County, with a population of 3,423 as of 2021, according to the US Census. The town is known for its historic downtown area, which features a variety of shops and restaurants. It is also home to a number of parks and recreational areas, including the Somerville Recreation Center and the Somerville City Park. The town is a great place to live, work, and play, with plenty of activities and attractions for all ages.
The average rent for an apartment in Somerville is $1,725. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 0.65% over the past year.
Last Updated April 22, 2023
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Average monthly rent graph in Somerville Tennessee | Cost of Living
- The most expensive ZIP code in Somerville is 38068 with an average price of $1,730
- The cheapest ZIP code in Somerville is 38068 with an average price of $1,675
Somerville ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 38068 | $1,730 |
Live near Somerville, Tennessee's Top Sights and Attractions
Uh-oh! Looks like we don't have any data on tourist attractions in Somerville, Tennessee, looks like it is up to you to find something fun to do
Somerville, Tennessee area median rent change by ZIP code map
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How does Somerville compare to other cities in Tennessee ?
| city | median price |
|---|---|
| Franklin | $2,555 |
| Columbia | $1,835 |
| Fairview | $2,185 |
| Murfreesbo | $2,130 |
| Spring Hill | $2,185 |
| Hermitage | $2,125 |
| Tullahoma | $1,100 |
| Hixson | $1,245 |
Average household income in Somerville area graph - US Census
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The median household income in Somerville in 2021 was $24,856. This represents a -7.9% change from 2011 when the median was $27,000.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 17.8% |
| 1 | $10,000 to $14,999 | 12.0% |
| 2 | $15,000 to $19,999 | 10.1% |
| 3 | $20,000 to $24,999 | 14.4% |
| 4 | $25,000 to $29,999 | 1.7% |
| 5 | $30,000 to $34,999 | 6.7% |
| 6 | $35,000 to $39,999 | 2.5% |
| 7 | $40,000 to $44,999 | 3.8% |
| 8 | $45,000 to $49,999 | 2.7% |
| 9 | $50,000 to $59,999 | 7.3% |
| 10 | $60,000 to $74,999 | 4.2% |
| 11 | $75,000 to $99,999 | 3.0% |
| 12 | $100,000 to $124,999 | 5.2% |
| 13 | $125,000 to $149,999 | 2.9% |
| 14 | $150,000 to $199,999 | 1.7% |
| 15 | $200,000 or more | 4.0% |
