House Prices

House Prices & Home Values Somerville, TN 2026


Average Data

average house price$308,300
average size per house2694 ft²
average price per ft²115 $ / ft²

04/16/2026 - The value range (VR) for house prices in Somerville, TN is $115/ sqft to $115/ sqft. An average home with 2694 sqft costs approximately $309,810 to $309,810. Somerville, TN includes 1 ZIP codes and it is located in Fayette county. The lowest prices are found in ZIP 38068, while the highest are in ZIP 38068. The average price per sqare feet is $115. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Somerville

38068107 $ / ft²




Historical development of home values in Somerville

Year Estimated value (USD) Change vs. 2025
2010 $143,180 -53.6%
2011 $137,643 -55.4%
2012 $137,273 -55.5%
2013 $142,404 -53.8%
2014 $149,485 -51.5%
2015 $157,157 -49.0%
2016 $165,358 -46.4%
2017 $174,283 -43.5%
2018 $183,919 -40.3%
2019 $192,447 -37.6%
2020 $202,395 -34.4%
2021 $230,203 -25.3%
2022 $268,365 -13.0%
2023 $283,003 -8.2%
2024 $299,375 -2.9%
2025 $308,300 0.0%

Graph: estimated home values in Somerville over time (USD)



Example: 100% financing house in Somerville

Loan amount: $308,300

Interest rate: 6.00%

Fixed monthly payment: $1,848.41

Breakdown in the 1st month:
Interest portion: $1,541.50  –  Principal portion: $306.91

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $18,395.01 $3,785.96 $304,514.04
2 $18,161.50 $4,019.47 $300,494.57
3 $17,913.59 $4,267.38 $296,227.19
4 $17,650.39 $4,530.58 $291,696.60
5 $17,370.95 $4,810.02 $286,886.58
6 $17,074.28 $5,106.69 $281,779.89
7 $16,759.31 $5,421.66 $276,358.23
8 $16,424.91 $5,756.06 $270,602.17
9 $16,069.89 $6,111.08 $264,491.09
10 $15,692.97 $6,488.00 $258,003.09
11 $15,292.81 $6,888.16 $251,114.93
12 $14,867.96 $7,313.01 $243,801.92
13 $14,416.91 $7,764.06 $236,037.86
14 $13,938.04 $8,242.93 $227,794.92
15 $13,429.63 $8,751.34 $219,043.59
16 $12,889.87 $9,291.10 $209,752.49
17 $12,316.82 $9,864.16 $199,888.33
18 $11,708.42 $10,472.55 $189,415.78
19 $11,062.49 $11,118.48 $178,297.30
20 $10,376.73 $11,804.24 $166,493.06
21 $9,648.67 $12,532.30 $153,960.75
22 $8,875.70 $13,305.27 $140,655.49
23 $8,055.06 $14,125.91 $126,529.58
24 $7,183.81 $14,997.16 $111,532.42
25 $6,258.82 $15,922.15 $95,610.26
26 $5,276.77 $16,904.20 $78,706.07
27 $4,234.16 $17,946.81 $60,759.26
28 $3,127.24 $19,053.73 $41,705.52
29 $1,952.05 $20,228.92 $21,476.60
30 $704.37 $21,476.60 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Somerville, TN


1500 sqft3900 sqft
Ø selling price$208,726$444,016
Ø fast selling$189,751$399,614
Ø high price sale$227,701$488,417

In 2026, houses in Somerville, TN will be offered at an average price of $115 per square foot. A 1,500 sqft home priced at $208,726 is 21.23% more expensive per square foot than a 3,900 sqft home priced at $444,016. Home prices in Somerville, TN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $307,395. Sellers who can wait longer may achieve a higher price of up to $375,706.


Somerville, TN Overview

Somerville, TN is the friendly county seat of Fayette County, known for small-town charm and easy access to the Memphis metro.
Its historic courthouse square, boutique shops, and locally owned restaurants create a walkable center that celebrates the town?s heritage.

Location and Accessibility

Positioned east of downtown Memphis, Somerville, TN sits along major routes like U.S. 64 and TN-76, connecting residents to regional job centers.
This convenient location offers a quiet residential base with big-city amenities, airports, and entertainment within an easy drive.

Community and Lifestyle

Community life in Somerville, Tennessee focuses on neighborly values, strong churches, and civic clubs that welcome newcomers.
Seasonal festivals, farmers markets, and courthouse-square gatherings bring residents together and support local businesses.

Outdoor Recreation and Attractions

Outdoor lovers explore the Wolf River corridor, scenic farmland byways, and nearby lakes for paddling, fishing, hiking, and bird-watching.
Families enjoy well-kept parks, youth sports, and a relaxed pace that makes weekends feel restorative.

Economy and Real Estate

The local economy blends agriculture, healthcare, education, and small manufacturing, with growth fueled by regional logistics and advanced manufacturing projects.
Homebuyers find a range of real estate in Somerville, TN?from historic homes near downtown to new neighborhoods?offering value, space, and the classic Southern front-porch lifestyle.



FAQ – Home Values in Somerville

What is the median home value in Somerville in 2026?

In 2026, the typical home value in Somerville is about $308,300 for an average home size of 2694 square feet. This corresponds to an average price of roughly $115 per square foot.

What is the average cost per square foot in Somerville?

In 2026, homes in Somerville sell for an average of around $115 per square foot, with a typical range between $115 and $115 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Somerville is about 2694 square feet, with an estimated 2026 value around $308,300.



Locations close to Somerville, TN

Stanton, TN108 $ / ft²
Tigrett, TN180 $ / ft²
Whiteville, TN156 $ / ft²
Saulsbury, TN46 $ / ft²
Rossville, TN115 $ / ft²
Ripley, TN41 $ / ft²
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