The renter population in Cool Valley fluctuated inversely to homeownership rates. In 2013, 43% of residents were renters, which decreased to 40% in 2016 before rising again to 45% by 2022. Average rent prices showed some volatility during this period. In 2013, the average rent was $1,075, which decreased to $976 in 2016 before rising again to $996 in 2022. These changes in rent prices and renter percentages occurred against a backdrop of population fluctuations, with the city's population peaking at 1,863 in 2014 before declining to 1,630 in 2022.

In 2023, the average home price in Cool Valley reached $106,080, a slight increase from the previous year. However, in 2024, there was a decrease to $99,774. This decline coincides with a significant increase in federal interest rates, which rose to 5.02% in 2023 and further to 5.33% in 2024. These higher interest rates likely contributed to the cooling of home prices in the area.

Looking ahead, based on historical trends and current market conditions, it is projected that average home prices in Cool Valley may experience a period of stabilization or slight decline over the next five years due to the current high interest rate environment. However, as the market adjusts, prices could potentially resume a moderate upward trend. Average rent prices are expected to continue a gradual upward trajectory, potentially reaching around $1,100-$1,200 per month by 2029, assuming steady demand for rental properties in the area.

In summary, Cool Valley has experienced notable shifts in its housing market over the past decade. The interplay between homeownership rates, average home prices, and rental trends reflects the impact of broader economic factors such as interest rates and population changes. The recent cooling in home prices, coupled with high interest rates, suggests a potential period of adjustment in the local real estate market in the coming years.