Indiana · Census place 70542
Somerville town, IN
Quick answer
Somerville town has 238 residents, ranking #678 of 976 places in Indiana. Median household income is $71,250, the median home is worth $94,100 and median gross rent runs $613 a month.
- Population
- 238Somerville town residents
- Median household income
- $71,250Past 12 months, inflation adjusted
- Median home value
- $94,100Owner-occupied units
- Median gross rent
- $613Rent plus utilities, monthly
- Median age
- 37.7 yrsAll residents
- Homeownership rate
- 90%Owner-occupied households
What the numbers mean in Somerville town
Housing cost measured against local earnings.
A household earning the Somerville town median would spend about 10.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.7% of residents and 90% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Indiana.
- Hazleton town 240
- Goldsmith CDP 239
- Linn Grove CDP 238
- Shamrock Lakes town 237
- Centerton CDP 235
- Malden CDP 235
- Uniondale town 234
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