The relationship between federal interest rates and homeownership rates in Abbington Park Condos reveals an interesting correlation. During the period of 2013 to 2016, when interest rates were relatively low (ranging from 0.11% to 0.40%), homeownership rates remained above 80%. As interest rates began to rise more significantly from 2017 onwards, eventually reaching 1.68% in 2022, homeownership rates showed a corresponding downward trend, ultimately falling to 79% in 2022. The rental market in Abbington Park Condos has seen a contrasting trend to homeownership. The percentage of renters in the neighborhood has generally increased from 11% in 2013 to 21% in 2022, inversely mirroring the homeownership trend. This rise in the renter population has been accompanied by an increase in average rent prices. In 2013, the average rent was $1,350, which increased to $1,631 by 2022, marking a 20.8% increase. The neighborhood's population fluctuated during this period, peaking at 2,090 in 2020 before declining to 1,736 in 2022, potentially influencing the dynamics of the rental market. Recent data indicates a continuation of the upward trend in home prices. In 2023, the average home price in Abbington Park Condos reached $423,791, further increasing to $427,874 in 2024. This steady rise in home prices occurred despite the significant increase in federal interest rates, which climbed to 5.02% in 2023 and 5.33% in 2024. Looking ahead, predictive models suggest continued growth in both average home and rent prices over the next five years, although potentially at a slower rate due to the current high interest rate environment. Projections indicate that average home prices could potentially reach around $500,000 by 2029, while average rent prices might approach $1,900 per month. In conclusion, Abbington Park Condos has experienced a gradual transition from a predominantly owner-occupied neighborhood to one with a growing renter population over the past decade. This shift has occurred alongside substantial increases in both average home prices and rent prices. The neighborhood has demonstrated resilience in property values, with continued price appreciation even in the face of rising interest rates. These trends point to a dynamic and evolving real estate market in Abbington Park Condos, with potential for further growth in both the ownership and rental sectors.