This substantial appreciation in property values has occurred alongside fluctuations in federal interest rates. In 2013, when interest rates were at a low 0.11%, homeownership was at 65%. As interest rates gradually increased to 1.68% by 2022, there was a slight decrease in homeownership to 64%. The relationship between interest rates and homeownership became more pronounced in recent years, with rates rising significantly to 5.02% in 2023 and 5.33% in 2024. The rental market in Greenwood has also seen changes, albeit less dramatic than the homeownership sector. The percentage of renters increased slightly from 35% in 2013 to 36% in 2022. Average rent prices rose from $1,084 in 2013 to $1,195 in 2022, an increase of 10.2%. This growth in rent prices, while significant, was less pronounced than the increase in home prices. Looking ahead, predictive models suggest that Greenwood's real estate market will continue to evolve. Average home prices are expected to rise over the next five years, though potentially at a slower rate due to higher interest rates. Similarly, average rent prices are projected to increase, driven by ongoing population growth and the overall appreciation of real estate in the area. However, the rate of increase for both home prices and rents may moderate compared to the rapid growth seen in the past decade. In conclusion, Greenwood, Indiana, presents a picture of a suburban community experiencing robust growth and significant changes in its housing market. The stability in homeownership rates, coupled with substantial increases in property values and moderate growth in the rental market, reflects the city's dynamic economic environment. These trends, influenced by population growth, rising property values, and fluctuating interest rates, continue to shape Greenwood's real estate landscape, presenting both opportunities and challenges for current and future residents.