Renter percentages in Garfield have generally moved inversely to ownership rates, peaking at 57% in 2019 when ownership was at its lowest. Average rent prices have shown an upward trend, increasing from $440 in 2013 to $550 in 2022, a 25% rise over nine years. This increase occurred despite a decrease in the neighborhood's population from 1,212 in 2010 to 781 in 2022, suggesting that factors such as housing demand or local economic conditions may have influenced rental costs. In 2023 and 2024, Garfield's average home prices experienced a slight decline followed by a modest increase. The average home price in 2023 was $72,916, a 5.6% decrease from 2022. In 2024, prices rebounded slightly to $74,103, a 1.6% increase from 2023. This coincides with high federal interest rates of 5.02% in 2023 and 5.33% in 2024, which may have impacted home buying activity and prices in the neighborhood. Predictive models suggest that average home prices in Garfield may continue to rise moderately over the next five years, potentially reaching around $85,000 by 2029. However, this growth rate is expected to be slower than the rapid increases seen in the early 2020s. Average rent prices are also projected to increase, potentially reaching approximately $625 by 2029, assuming current trends continue. In conclusion, Garfield has undergone significant changes in its housing market, characterized by rising home prices, fluctuating homeownership rates, and increasing rent costs. The interplay between federal interest rates, population changes, and housing affordability has shaped these trends. As the neighborhood progresses, it may continue to see moderate growth in both home values and rental prices, potentially impacting the balance between owners and renters in the community.