The percentage of renters in Fort Cheatem has increased from 70% in 2015 to 87% in 2022. This shift towards renting has been accompanied by a sharp rise in average rent prices. In 2013, the average rent was $153, which increased to $326 by 2022, representing a 113% increase over nine years. This trend suggests a growing demand for rental properties in the area, possibly driven by the neighborhood's increasing population, which grew from 1,617 in 2015 to 1,820 in 2022.

In 2023 and 2024, Fort Cheatem saw a stabilization in average home prices. The average home price in 2023 was $143,411, slightly decreasing to $142,287 in 2024. This period coincides with higher federal interest rates of 5.02% in 2023 and 5.33% in 2024, which may have contributed to the leveling off of home prices.

Looking ahead, predictive models suggest that average home prices in Fort Cheatem may continue to stabilize or experience modest growth over the next five years, assuming interest rates remain elevated. Average rent prices are likely to continue their upward trajectory, albeit at a potentially slower pace, given the high proportion of renters in the neighborhood and the consistent population growth observed in recent years.

In summary, Fort Cheatem has transformed into a predominantly renter-occupied neighborhood with steadily increasing average rent prices. The decline in homeownership, despite periods of low interest rates, points to complex local factors affecting the housing market. The recent stabilization of home prices, coupled with high interest rates, suggests a potential shift in the neighborhood's real estate dynamics that will be important to monitor in the coming years.