Somerset borough: Median Gross Rent Trend
How Somerset borough'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
$545
2023
$673
Total change
+$128
% change
+23.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $545 | — |
| 2019 | $535 | $10 (-1.8%) |
| 2020 | $541 | +$6 (1.1%) |
| 2021 | $618 | +$77 (14.2%) |
| 2022 | $675 | +$57 (9.2%) |
| 2023 | $673 | $2 (-0.3%) |