Brighton, a neighborhood in Syracuse, New York, has experienced significant changes in its real estate market over the past decade. The area's homeownership rates, average home prices, and rent prices have fluctuated, reflecting broader economic trends and local market conditions. From 2013 to 2022, homeownership rates in Brighton varied, starting at 39%, dropping to 33% in 2015, then rising to 41% in 2019, before settling at 36% in 2022. During this period, average home prices saw a remarkable increase of 145%, rising from $31,133 in 2013 to $76,313 in 2022.

The relationship between federal interest rates and homeownership rates in Brighton follows an established pattern. When interest rates were below 0.5% from 2013 to 2016, homeownership rates initially declined but then stabilized. As interest rates rose from 2017 onwards, reaching 1.68% in 2022, homeownership rates showed resilience, maintaining around 36-37%. This suggests that while lower interest rates typically encourage homeownership due to more affordable financing, other local factors also significantly influence Brighton's housing market dynamics.

Renter percentages in Brighton have inversely mirrored homeownership rates. The percentage of renters increased from 61% in 2013 to a peak of 67% in 2015, before gradually decreasing to 64% in 2022. Average rent prices fluctuated during this period, starting at $926 in 2013, peaking at $935 in 2014, and then experiencing some volatility before reaching $908 in 2022. It's important to note that despite the slight decrease in the renter population percentage, the actual number of renters may have changed due to population fluctuations, with Brighton's population decreasing from 10,331 in 2013 to 9,521 in 2022.