Renter percentages in Golden Valley have generally mirrored the inverse of homeownership trends. The proportion of renters increased from 7% in 2013 to a peak of 25% in 2019, before declining to 15% in 2022. Average rent prices have shown volatility, with significant fluctuations over the years. In 2013, the average rent was $452, which increased substantially to $1,099 in 2014. Rent prices remained relatively stable between $1,000 and $1,117 from 2014 to 2020, before dropping back to $452 in 2021 and then rebounding to $1,067 in 2022.

Recent data shows that average home prices in Golden Valley continued to rise in 2023, reaching $268,691, and further increased to $275,557 in 2024. This represents a modest growth of 2.6% from 2023 to 2024. Simultaneously, federal interest rates have remained elevated, at 5.02% in 2023 and 5.33% in 2024, which could potentially impact future homeownership trends and property values.

Applying predictive models to forecast 5-year trends, continued growth in average home prices is anticipated, albeit at a more moderate pace compared to the rapid appreciation seen in recent years. Average home prices are projected to reach approximately $310,000 by 2029. Rent prices are expected to stabilize and show modest increases, potentially reaching an average of around $1,200 per month by 2029.

In summary, Golden Valley has experienced significant changes in its housing market over the past decade. The neighborhood has seen a recent resurgence in homeownership rates, coupled with substantial appreciation in property values. Despite fluctuations in rental rates and the impact of changing interest rates, the overall trend suggests a strengthening housing market in this Nashville-Davidson metropolitan area neighborhood.