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Home values, rents and more in Somerville, TN

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$288,000
Metro: $242,000 · U.S.: $366,000
Home values, past year
+2.5%
Metro: +0.1% · U.S.: +1.2%
Population
3,466
ACS 2020–24
Median household income
$44,310
Metro: $66,401 · U.S.: $80,734
ZIP codes around Somerville, TN, shaded by typical home valueSomerville38068
  • Under $320k
  • $320k–$340k
  • $340k–$350k
  • $350k+
  • No data
ZIP codes around Somerville, TN, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Somerville is outlined.

How Somerville compares

The typical home in Somerville, TN is worth about $288,000, according to the Zillow Home Value Index for September 2026. Home values in Somerville are 19% above the typical value in the Memphis metro area ($242,000) and 21% below the U.S. typical value ($366,000).

Over the past year, home values in Somerville rose 2.5%, compared with +0.1% in the Memphis metro area and +1.2% nationally.

The median household income is $44,310, against $66,401 in the Memphis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 3,466 people live in Somerville (American Community Survey 2020–24).

Somerville has the 13th-highest typical home value of the 43 cities in the Memphis metro area and the 149th-highest of 394 in Tennessee with Zillow figures.

Part of: Fayette County, TN · Memphis metro area · Tennessee

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Somerville, TN

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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