Commercial Real Estate Market in Somerville, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 79 off-market properties in Somerville, AL.
Market Trends
Somerville, AL spans 98.6 square miles in Morgan County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Somerville, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Somerville, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Somerville, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Somerville, AL asks $111/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Somerville, AL has 7,780 residents in 3,239 households. Density runs 79 people per square mile. Median household income here is $48,531 and median gross rent $765 a month.
7,780
Population
3,239
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
80%
High-School Grad
98.6 sq mi
ZIP Area
79
Density / Sq Mi
$48,531
Median Household Income
$29,500
Median Earnings
$765
Median Rent
$165,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hartselle | — | $11.17 |
| Valhermoso Sp | — | — |
| Valhermoso Springs | — | — |
| Falkville | — | — |
Commercial property in Somerville, AL asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Somerville?
Commercial property in Somerville, AL asks an average of $3 per square foot. Multifamily carries the highest asking price at $111/SF.
Where does Realmo's Somerville market data come from?
Realmo compiles Somerville, AL figures from 2 recent recorded sales, 13 active sale listings, 79 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Somerville, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
