Market Overview
Home Prices in Somerville, IN
The median home value in Somerville, IN is $138,342 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Somerville are priced66% below average.
Over the past five years, Somerville home values have risen by approximately48.4%, reflecting strong long-term appreciation in this market.
Price History
Somerville Home Price Trend
2020
$78,067
$78K
—
2021
$93,213
$93K
+19.4%
2022
$103,167
$103K
+10.7%
2023
$114,552
$115K
+11.0%
2024
$124,637
$125K
+8.8%
2025
$135,831
$136K
+9.0%
2026
$138,342
$138K
+1.8%
City Comparison
Somerville vs. National Median
🏠 Somerville
$138,342
National Median
$410,000
At $138,342, homes in Somerville cost 66% below the national median of $410,000. This makes Somerville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Somerville?
20% Down Payment
$27,668
on $138,342
Monthly P&I
$722/mo
30-yr @ 6.8%
Total Monthly Est.
~$917/mo
incl. taxes & insurance
Income Needed
$36,680
gross annual (30% rule)
10% Down Option
$13,834
+ PMI applies
Loan Amount (20% dn)
$110,674
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Somerville, IN?
The median home value in Somerville is $138,342 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Somerville?
Over the past year, home values in Somerville have increased by 1.8%. Over five years, prices have risen approximately 48.4%.
How much do I need to earn to buy a home in Somerville?
To comfortably afford the median home price of $138,342 with a 20% down payment ($27,668) at today's rates (6.8%), you'd need a gross annual income of approximately $36,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Somerville compare to the national average home price?
The national median home value is approximately $410,000. At $138,342, homes in Somerville are 66% below the national average.