Somerville, OH—45064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Somerville, OH
Somerville, OH lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | 1.3% |
| Single Family | $276,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $190,000 | 1.1% |
3 Bed | $281,000 | 1.8% |
4 Bed | $385,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Somerville, OH
Somerville, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Somerville, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Somerville, OH is 67. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | -51.0% |
Listing Count | 7 | 21.0% |
| Listings as % of Homes | 0.1% | 21.0% |
Days on Market | 67 | -9.0% |
Demographics — Somerville, OH
As of the latest ACS Survey released in 2023, Somerville, OH has a population of 3,280, which has increased by 7.2% over the past 5 years. Somerville, OH is a less popular place for families, as children make up 12.9% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,280 | 7.2% |
% Under 18 | 12.9% | -29.1% |
% Seniors | 17.3% | -30.2% |
% WFH | 14.8% | 322.9% |
% w/ College Degree | 20.8% | 52.9% |
As of the latest ACS Survey released in 2023, Somerville, OH is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Somerville, OH is black, making up 0.4% of the population. Foreign-born residents account for 0.5% of the population in Somerville, OH, and this percentage has increased by 66.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.3% | -2.4% |
% Black | 0.4% | 300.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 0.5% | 66.7% |
Mortgage and Risk — Somerville, OH
According to HUD data as of 2023, there were 77 mortgage originations in Somerville, OH, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Somerville, OH. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 77 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Somerville, OH
Somerville, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Somerville, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $276,000 |
| Median Household Income | $101,000 |