Somerset borough: Homeownership Rate Trend
How Somerset borough'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
52.3%
2023
54.5%
Total change
+2.2 pp
% change
+4.2%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 52.3% | — |
| 2019 | 55.1% | +2.8 pp (5.4%) |
| 2020 | 58.3% | +3.2 pp (5.8%) |
| 2021 | 58.5% | +0.2 pp (0.3%) |
| 2022 | 55.4% | -3.1 pp (-5.3%) |
| 2023 | 54.5% | -0.9 pp (-1.6%) |