Somerset CDP: Median Gross Rent Trend
How Somerset CDP's median gross rent 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
$1,586
2023
$2,050
Total change
+$464
% change
+29.3%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,586 | — |
| 2019 | $1,629 | +$43 (2.7%) |
| 2020 | $1,704 | +$75 (4.6%) |
| 2021 | $1,846 | +$142 (8.3%) |
| 2022 | $1,962 | +$116 (6.3%) |
| 2023 | $2,050 | +$88 (4.5%) |