Renting trends in Arlington Heights have shown slight changes over time. The percentage of renters increased marginally from 37% in 2013 to 37% in 2022, with fluctuations in between. Average rent prices experienced a modest decrease of 4.8% over the same period, from $1,265 in 2013 to $1,204 in 2022. This suggests that while renting has become slightly more prevalent, rent prices have remained relatively stable compared to the sharp increase in home values. Recent data indicates continued growth in Arlington Heights' property market. Average home prices rose to $409,705 in 2023 and $420,732 in 2024, representing increases of 2.3% and 2.7% respectively from the previous years. Concurrently, federal interest rates have risen significantly to 5.02% in 2023 and 5.33% in 2024, which may impact future homeownership trends in the neighborhood. Predictive models for the next five years suggest continued growth in average home prices in Arlington Heights, though potentially at a slower rate due to higher interest rates. Average rent prices are expected to follow a similar upward trajectory, albeit at a more moderate pace. These projections are based on historical trends and current market conditions. In conclusion, Arlington Heights has demonstrated remarkable growth in property values over the past decade while maintaining relatively stable homeownership rates. The neighborhood has experienced a slight shift towards renting, although both homeownership and renting remain viable options for residents. Recent increases in interest rates may influence future homeownership trends, potentially moderating the rapid appreciation of home values observed in recent years.