Somerset town: Homeownership Rate Trend
How Somerset town'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
93.5%
2023
88.6%
Total change
-4.9 pp
% change
-5.2%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 93.5% | — |
| 2019 | 93.8% | +0.3 pp (0.3%) |
| 2020 | 97.4% | +3.6 pp (3.8%) |
| 2021 | 93.7% | -3.7 pp (-3.8%) |
| 2022 | 92.7% | -1.0 pp (-1.1%) |
| 2023 | 88.6% | -4.1 pp (-4.4%) |