HomeTennesseeFayette CountySomerville town
Somerville town, Tennessee: commercial real estate data.
Somerville town is a Census town of 3,466 people across 13.57 square miles of land, in Fayette County. Median household income is $44,310, 55.5 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $2.0 m.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Somerville
What Somerville is
- Census place typetown
- Land area13.57 sq mi
- Water area0.14 sq mi
- Population per square mile of land255
- County holding the largest share of its areaFayette County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerville
How many people live in Somerville
- Population3,466
- Median age38.0
- Population under 18922 plus or minus 243
- Share under 1826.6 percent plus or minus 7.0
- Population 65 and over667 plus or minus 199
- Share 65 and over19.2 percent plus or minus 5.7
- Households1,242
- Family households864
- Share of households that are families69.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerville
Income and work in Somerville
- Median household income$44,310
- Per capita income$25,420 plus or minus $5,588
- Civilian labor force1,339
- Employed1,313
- Unemployed26 plus or minus 31
- Unemployment rate1.9 percent plus or minus 2.3
- Adults 25 and over2,263
- Adults 25 and over with a high school diploma or higher90.1 percent
- Adults 25 and over with a bachelor degree or higher15.9 percent plus or minus 5.3
- Adults 25 and over with a graduate degree1.0 percent plus or minus 1.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerville
Housing in Somerville
- Housing units1,395
- Occupied units1,242
- Vacant units153 plus or minus 109
- Vacancy rate11.0 percent plus or minus 7.7
- Owner occupied689
- Renter occupied553 plus or minus 182
- Ownership rate55.5 percent
- Median owner-occupied home value$312,900 plus or minus $69,072
- Median gross rent, monthly$710 plus or minus $380
- Annual rent as a share of median income19.2 percent plus or minus 10.8
- Single family units925
- Share single family66.3 percent
- Units in buildings of two or more458 plus or minus 182
- Share in buildings of two or more32.8 percent plus or minus 12.2
- Mobile homes12 plus or minus 18
- Median year structure built1983
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerville
How Somerville gets to work
- Workers 16 and over who commute1,173
- Commuting under 15 minutes582 plus or minus 214
- Share commuting under 15 minutes49.6 percent plus or minus 16.2
- Commuting 30 minutes or more475 plus or minus 170
- Share commuting 30 minutes or more40.5 percent plus or minus 12.7
- Drove alone79.2 percent
- Carpooled9.6 percent plus or minus 7.8
- Public transport0.0 percent
- Walked0.6 percent plus or minus 1.1
- Worked from home9.1 percent plus or minus 7.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Somerville
SBA loans in Somerville (7(a))
- Approvals5
- Gross approval$2,016,000
- Average approval$403,200
- Median approval$455,000
- Ninetieth percentile approval$610,000
- Largest approval$610,000
- Jobs supported64
- Jobs per approval12.8
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more60.0 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS5
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fayette County, not Somerville
Fayette County context, not Somerville figures
These are Fayette County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Somerville measurements.
- Establishments in Fayette County690
- Employment at those establishments, Fayette County9,386
- Covered employment, Fayette County8,093
- Average annual pay, Fayette County$57,079
- Average weekly wage, Fayette County$1,098
- Housing units permitted, Fayette County225
- Of those, single family, Fayette County225
- County product, 2024, Fayette County$2,044,105,000
- County product change over the prior year, Fayette County6.0 percent
- Average income of an arriving household, Fayette County$92,838
Every figure in this section is published for Fayette County as a whole and is not a measurement of Somerville. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Somerville questions, answered from the record.
How many people live in Somerville, Tennessee?
3,466, in 1,242 households. Somerville town covers 13.57 square miles of land, which is 255 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Somerville in?
Fayette County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Somerville?
$44,310. The median owner-occupied home is valued at $312,900. Median gross rent is $710 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Somerville businesses?
5 7(a) approvals totalling $2.0 m, across 5 lenders, median approval $455,000. These count approvals to borrowers whose address is in Somerville, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Somerville borrowers get paid back?
No rate is published for Somerville. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Somerville figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Fayette County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Somerville.
Is zoning published for Somerville?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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