Somerset village: Median Gross Rent Trend
How Somerset village'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
$555
2023
$774
Total change
+$219
% change
+39.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $555 | — |
| 2019 | $600 | +$45 (8.1%) |
| 2020 | $752 | +$152 (25.3%) |
| 2021 | $748 | $4 (-0.5%) |
| 2022 | $774 | +$26 (3.5%) |
| 2023 | $774 | +$0 (0%) |