As homeownership declined, the percentage of renters in Eastwick increased from 45% in 2013 to 53% in 2022. This shift coincided with a rise in average rent prices, which increased by 14.8% from $1,103 in 2013 to $1,266 in 2022. The population of Eastwick fluctuated during this period, starting at 8,535 residents in 2013, peaking at 9,815 in 2019, and settling at 8,792 in 2022. These population changes may have influenced the demand for rental properties and subsequently affected rent prices.

In 2023 and 2024, Eastwick's housing market showed signs of cooling. The average home price decreased slightly to $223,682 in 2023 and further declined to $218,022 in 2024. This occurred despite rising federal interest rates, which reached 5.02% in 2023 and 5.33% in 2024, potentially dampening buyer demand and contributing to the price decrease.

Predictive models suggest that average home prices in Eastwick may continue to experience moderate growth over the next five years, albeit at a slower pace than observed in the previous decade. Average rent prices are also expected to maintain an upward trajectory, potentially reaching around $1,500 by 2029, driven by the increasing preference for renting in the neighborhood.

In summary, Eastwick has witnessed a shift towards renting, with homeownership rates declining as average home prices significantly increased. The neighborhood's housing market has shown resilience and growth, but recent data indicates a potential cooling trend. These dynamics, coupled with fluctuating population figures and changing interest rates, paint a picture of a neighborhood in transition, adapting to broader economic and demographic shifts in Philadelphia.