The renter population in Denmark appears to be minimal or non-existent based on the available data, with no specific figures provided for renter-occupied housing. This aligns with the high homeownership rates observed in the area. The population of Denmark has fluctuated slightly over the years, ranging from 6 residents in 2010 to 12 residents in 2021, with 11 residents recorded in 2022. This small population size makes it difficult to draw significant conclusions about rental trends.

Looking at the most recent data, the average home price in Denmark increased slightly from $137,373 in 2022 to $138,547 in 2023, representing a growth of approximately 0.85%. However, in 2024, there was a minor decrease to $138,457, a drop of about 0.06%. These changes coincide with a significant increase in federal interest rates, which rose from 1.68% in 2022 to 5.02% in 2023 and further to 5.33% in 2024. Despite the rising interest rates, home prices in the area have remained relatively stable, suggesting a resilient local housing market.

Forecasting the next five years for Denmark's housing market is challenging due to its small size and limited historical data. However, based on the recent trends, we might expect average home prices to remain relatively stable or experience modest growth. The high homeownership rate is likely to persist, barring any significant economic or demographic changes in the area. As for rent prices, the lack of historical data and the predominance of owner-occupied housing make it difficult to predict future trends accurately.

In summary, Denmark in zip code 52624 is characterized by a small, stable population with consistently high homeownership rates. The recent data shows resilience in home prices despite rising interest rates. The community's unique demographics and housing situation make it an interesting case study in rural American housing markets.