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Somerville, AL Home Values and Rents
The median home value in Somerville is $144,800. Median rent is $802 a month.
- Median home value
- $144,800
- ACS 2020-2024
- Median rent
- $802/mo
- ACS 2020-2024
- Price change, 1 year
- -0.4%
- County index, 2025
- Homeownership
- 58.9%
- AL: 70.2%
Morgan County home price trend
FHFA annual House Price Index for Morgan County, 2000 = 100, compared with Alabama
Show as a table
| Period | Morgan County |
|---|---|
| 2025 | 222 |
| 2024 | 223 |
| 2023 | 212 |
| 2022 | 199 |
| 2021 | 166 |
| 2020 | 145 |
| 2019 | 137 |
| 2018 | 130 |
| 2017 | 127 |
| 2016 | 120 |
| 2015 | 120 |
| 2014 | 118 |
| 2013 | 118 |
| 2012 | 120 |
| 2011 | 121 |
Over five years, Morgan County prices changed +53.0%, compared with +35.6% for Alabama.
Source: Federal Housing Finance Agency · Last updated 07/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with Alabama
- Median home value
- $144,800 · AL $209,900
- Median gross rent
- $802/mo · AL $1,007
- Home value to income
- 2.9 times the median household income ($49,261)
- Rent to income
- A year of median rent equals 20% of median household income
- Owner-occupied
- 58.9% of 377 households
- Housing units
- 457
- Vacancy rate
- 17.5%
- Median year built
- 1984
Fair Market Rents, FY2027
HUD rent standard for Decatur, AL MSA
| Unit size | Monthly rent |
|---|---|
| Studio | $830 |
| 1 bedroom | $835 |
| 2 bedrooms | $1,023 |
| 3 bedrooms | $1,315 |
| 4 bedrooms | $1,686 |
Frequently asked questions
- What is the median home value in Somerville, AL?
- The median home value in Somerville is $144,800, based on the American Community Survey 2020-2024 5-year estimates. The Alabama median is $209,900.
- How much is rent in Somerville?
- The median rent in Somerville is $802 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,023.
- Are home prices going up in Somerville?
- Home prices in Morgan County changed -0.4% over one year and +53.0% over five years, as of 2025.