Somerville borough: Homeownership Rate Trend
How Somerville borough'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
52.7%
2023
44.5%
Total change
-8.2 pp
% change
-15.6%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 52.7% | — |
| 2019 | 46.6% | -6.1 pp (-11.6%) |
| 2020 | 44.8% | -1.8 pp (-3.9%) |
| 2021 | 46.6% | +1.8 pp (4%) |
| 2022 | 46.1% | -0.5 pp (-1.1%) |
| 2023 | 44.5% | -1.6 pp (-3.5%) |