Somerset city: Homeownership Rate Trend
How Somerset 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
45.0%
2023
42.9%
Total change
-2.1 pp
% change
-4.7%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 45.0% | — |
| 2019 | 43.8% | -1.2 pp (-2.7%) |
| 2020 | 47.5% | +3.7 pp (8.4%) |
| 2021 | 48.4% | +0.9 pp (1.9%) |
| 2022 | 45.2% | -3.2 pp (-6.6%) |
| 2023 | 42.9% | -2.3 pp (-5.1%) |