Somerset city: Homeownership Rate Trend
How Somerset city'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
66.4%
2023
69.3%
Total change
+2.9 pp
% change
+4.4%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 66.4% | — |
| 2019 | 70.0% | +3.6 pp (5.4%) |
| 2020 | 74.9% | +4.9 pp (7%) |
| 2021 | 70.4% | -4.5 pp (-6%) |
| 2022 | 70.8% | +0.4 pp (0.6%) |
| 2023 | 69.3% | -1.5 pp (-2.1%) |