East Del Paso Heights, a neighborhood in Sacramento, California, has experienced significant changes in homeownership rates and property values over the past decade. This diverse community has seen a notable increase in homeownership, rising from 43% in 2013 to 57% in 2022. Concurrently, average home prices have more than tripled, increasing from $91,119 in 2013 to $354,144 in 2022. This parallel growth suggests a positive correlation between rising property values and the transition from renting to owning among residents.

Federal interest rates have played a crucial role in shaping homeownership trends in East Del Paso Heights. From 2013 to 2016, historically low interest rates of 0.1% to 0.4% coincided with an increase in homeownership from 43% to 50%. The availability of affordable mortgages likely contributed to this growth. As interest rates began to rise more significantly from 2017 onwards, reaching 1.68% in 2022, the rate of homeownership growth slowed but remained positive, indicating the influence of other factors such as local economic conditions.

The renter population in East Del Paso Heights has decreased from 57% in 2013 to 43% in 2022, inversely mirroring the homeownership trend. Despite this decline, average rent prices have steadily increased from $927 in 2013 to $1,512 in 2022, representing a 63% rise over nine years. This upward trend in rent prices, despite a shrinking renter pool, may indicate a tightening rental market or an overall increase in the cost of living in the area.