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Somerville town, TN

ZIP 38068 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38068

Median Home Value
$258,300
Median Rent
$583
Affordability Snapshot
$71,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,659/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

36.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38068 in Somerville town, TN, a household would need roughly $71,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,659. That is roughly in line with the local median household income ($63,022). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.2%+7% vs US avg
x
Vacancy Rate
11.1%+8% vs US avg
x
Broadband Access
83.1%-5% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
3.8%-71% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
21.0%-58% vs US avg
x
Mortgage-Free
39.0%+2% vs US avg
x
$258,300
Home Value
$583
Rent
1989
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.0%
  • 1-unit attached1.8%
  • 2-9 units9.2%
  • 10+ units2.9%
  • Mobile home & other11.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$258,300
Median rent$583
Owner-occupied70.2%
Vacant11.1%
Price-to-income4.1x
Est. income to buy$71,000