Somerset city: Median Gross Rent Trend
How Somerset city'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
$725
2023
$1,129
Total change
+$404
% change
+55.7%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $725 | — |
| 2019 | $683 | $42 (-5.8%) |
| 2020 | $825 | +$142 (20.8%) |
| 2021 | $881 | +$56 (6.8%) |
| 2022 | $1,025 | +$144 (16.3%) |
| 2023 | $1,129 | +$104 (10.1%) |