Market Overview
Home Prices in Somerville, ME
The median home value in Somerville, ME is $301,357 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Somerville are priced26% below average.
Price History
Somerville Home Price Trend
2022
$269,830
$270K
—
2023
$281,476
$281K
+4.3%
2024
$291,951
$292K
+3.7%
2025
$308,101
$308K
+5.5%
2026
$301,357
$301K
-2.2%
City Comparison
Somerville vs. National Median
🏠 Somerville
$301,357
National Median
$410,000
At $301,357, homes in Somerville cost 26% 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
$60,271
on $301,357
Monthly P&I
$1,572/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,996/mo
incl. taxes & insurance
Income Needed
$79,840
gross annual (30% rule)
10% Down Option
$30,136
+ PMI applies
Loan Amount (20% dn)
$241,086
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, ME?
The median home value in Somerville is $301,357 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Somerville?
Over the past year, home values in Somerville have decreased by 2.2%.
How much do I need to earn to buy a home in Somerville?
To comfortably afford the median home price of $301,357 with a 20% down payment ($60,271) at today's rates (6.8%), you'd need a gross annual income of approximately $79,840. 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 $301,357, homes in Somerville are 26% below the national average.