Somerset village: Homeownership Rate Trend
How Somerset village'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
56.3%
2023
58.2%
Total change
+1.9 pp
% change
+3.4%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 56.3% | — |
| 2019 | 59.8% | +3.5 pp (6.2%) |
| 2020 | 57.5% | -2.3 pp (-3.8%) |
| 2021 | 59.0% | +1.5 pp (2.6%) |
| 2022 | 54.3% | -4.7 pp (-8%) |
| 2023 | 58.2% | +3.9 pp (7.2%) |