Somerville town: Median Gross Rent Trend
How Somerville town'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
$491
2023
$645
Total change
+$154
% change
+31.4%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $491 | — |
| 2019 | $548 | +$57 (11.6%) |
| 2020 | $543 | $5 (-0.9%) |
| 2021 | $653 | +$110 (20.3%) |
| 2022 | $711 | +$58 (8.9%) |
| 2023 | $645 | $66 (-9.3%) |