Somerset, KY Micro Area: Homeownership Rate Trend
How Somerset, KY Micro Area'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
69.2%
2023
71.9%
Total change
+2.7 pp
% change
+3.9%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 69.2% | — |
| 2019 | 69.0% | -0.2 pp (-0.3%) |
| 2020 | 70.4% | +1.4 pp (2%) |
| 2021 | 71.2% | +0.8 pp (1.1%) |
| 2022 | 72.2% | +1.0 pp (1.4%) |
| 2023 | 71.9% | -0.3 pp (-0.4%) |