Somerville town: Homeownership Rate Trend
How Somerville town'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
45.0%
2023
44.8%
Total change
-0.2 pp
% change
-0.4%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 45.0% | — |
| 2019 | 42.5% | -2.5 pp (-5.6%) |
| 2020 | 42.4% | -0.1 pp (-0.2%) |
| 2021 | 47.2% | +4.8 pp (11.3%) |
| 2022 | 54.5% | +7.3 pp (15.5%) |
| 2023 | 44.8% | -9.7 pp (-17.8%) |