Renter percentages in zip code 95841 have shown slight variations, ranging from 61% to 64% between 2013 and 2022. Interestingly, average rent prices have steadily increased during this period, from $1,053 in 2013 to $1,236 in 2022, representing a 17.4% increase. This rise in rent prices, coupled with a growing population (from 19,197 in 2013 to 21,978 in 2022), suggests a strong demand for rental properties in the area.

Looking at the most recent data, average home prices in zip code 95841 decreased slightly to $430,682 in 2023 but showed a modest recovery to $442,271 in 2024. This recent trend coincides with a significant increase in federal interest rates, which rose to 5.02% in 2023 and 5.33% in 2024. These higher interest rates may be contributing to a slowdown in home price appreciation.

Applying predictive models to forecast 5-year trends, we anticipate that average home prices in zip code 95841 may continue to experience moderate growth, potentially reaching around $500,000 by 2029. Average rent prices are also expected to rise, potentially surpassing $1,400 per month within the next five years. However, these projections are subject to various economic factors and local market conditions.

In summary, zip code 95841 has demonstrated resilience in its housing market, with steady homeownership rates despite significant increases in average home prices. The area has also seen consistent growth in average rent prices, reflecting strong demand for rental properties. The recent moderation in home price growth, coupled with rising interest rates, suggests a potential shift in market dynamics that will be important to monitor in the coming years.