Somers Point city: Homeownership Rate Trend
How Somers Point city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
55.3%
2023
51.1%
Total change
-4.2 pp
% change
-7.6%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 55.3% | — |
| 2019 | 58.0% | +2.7 pp (4.9%) |
| 2020 | 56.6% | -1.4 pp (-2.4%) |
| 2021 | 52.0% | -4.6 pp (-8.1%) |
| 2022 | 52.7% | +0.7 pp (1.3%) |
| 2023 | 51.1% | -1.6 pp (-3%) |