Somerville, IN housing market
The typical Somerville home is worth about $132,000, about the same as a year ago, 49% below the Indiana typical home.
Home values, sales, trends and how Somerville compares with the towns next door — updated as new data is published.
Somerville at a glance
Typical home value, 2016–2026
Show as a table
| January | Somerville | Indiana |
|---|---|---|
| 2017 | $62,000 | $135,000 |
| 2018 | $64,000 | $144,000 |
| 2019 | $68,000 | $154,000 |
| 2020 | $73,000 | $164,000 |
| 2021 | $84,000 | $183,000 |
| 2022 | $92,000 | $209,000 |
| 2023 | $103,000 | $227,000 |
| 2024 | $115,000 | $237,000 |
| 2025 | $126,000 | $249,000 |
| 2026 | $134,000 | $256,000 |
| August 2026 | $132,000 | $260,000 |
A two-bedroom rents for about $1,030
HUD's Fair Market Rent for a two-bedroom in Somerville is $1,030 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $780 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47660, 47683; Evansville, IN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.