Operating Costs & Financing
Somerville property taxes are above the county average by 0.18 percentage points. Average Loan-to-Value is 65.0%.
Effective Property Tax
$24.12 per sq ft
Tax Rate
2.23%
Tax Rate vs County Average
0.18 pp above county avg
Avg Loan-to-Value
65.0%
Property Size Breakdown
Most commercial real estate listings in Somerville range between 5,000 - 10,000 sqft.
New Listings Trend, 12 Mo
Number of new listings by month over the past year in Somerville.
Leading Commercial Asset Segments
Somerville Demographics Overview
Population
23K
Population Growth (5Y)
+3.8%
Median Household Income
$120,823
College Educated
77.4%
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