The story of this market
The typical home in ZIP 38068 sells for about $415,000, or $156 per square foot.
Prices are up +30.1% from a year ago, so sellers still have some momentum. Homes take about 115 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $796 a month.
ZIP 38068 — Somerville
The 38068 housing market is currently experiencing significant price volatility with a median sale price of $415,000, representing a 30.1% year-over-year increase. Despite the price growth, sales volume has declined sharply, with only 13 homes sold in February 2026. The market is characterized as somewhat competitive with homes remaining on the market for an average of 115 days.
Median prices moved up 30.1% year over year.
Homes spend a median of 115 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 18.8% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38068
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
not determinable
- India Cultural Center & Temple Inc.4.817.3 mi
- India Cultural Center & Temple Inc.4.817.3 mi
- West Tennessee Solar Exhibit4.510.6 mi
- Fair Oaks Golf Club4.58.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.