Renter percentages in Greater Woodlawn have fluctuated inversely to homeownership rates, decreasing from 31% in 2015 to 27% in 2022. Average rent prices have shown significant volatility during this period, increasing from $549 in 2015 to $831 in 2018, then dramatically rising to $1,755 in 2021, before dropping to $905 in 2022. This volatility in rent prices does not appear to directly correlate with the percentage of renters, suggesting that other factors, such as local economic conditions and housing supply, may have influenced rental market dynamics. In 2023, the average home price in Greater Woodlawn reached $569,943, with federal interest rates at 5.02%. As of 2024, the average home price has further increased to $606,502, while interest rates have slightly risen to 5.33%. These figures indicate a continuing trend of appreciating property values, despite higher borrowing costs, which may impact affordability for some potential homebuyers. Predictive models suggest that average home prices in Greater Woodlawn are likely to continue their upward trajectory over the next five years, albeit at a potentially slower pace due to higher interest rates. Average rent prices may stabilize or show moderate increases as the market adjusts to recent fluctuations and changes in housing demand. In summary, Greater Woodlawn has experienced a notable increase in homeownership rates and substantial growth in average home prices over the past decade. The interplay between federal interest rates, homeownership trends, and property values has been evident, with low interest rates generally supporting higher homeownership rates and rising home prices. The rental market has shown more volatility, with significant fluctuations in average rent prices that do not directly correspond to changes in the percentage of renters. As the neighborhood continues to evolve, balancing affordability with property value appreciation will likely be a key challenge for maintaining a diverse and thriving community.