Somerset village: Median Gross Rent Trend
How Somerset village'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
$949
2023
$1,127
Total change
+$178
% change
+18.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $949 | — |
| 2019 | $960 | +$11 (1.2%) |
| 2020 | $960 | +$0 (0%) |
| 2021 | $952 | $8 (-0.8%) |
| 2022 | $1,005 | +$53 (5.6%) |
| 2023 | $1,127 | +$122 (12.1%) |