North Lincoln Heights, a neighborhood in Gainesville, Florida, has experienced significant changes in its real estate market over the past decade. This area has seen substantial fluctuations in homeownership rates and property values, reflecting broader economic trends and local market conditions. The neighborhood has witnessed a general decline in homeownership rates since 2013, dropping from 39% to 35% in 2022. Concurrently, average home prices have risen dramatically, increasing from $47,157 in 2013 to $119,580 in 2022, representing a 153% increase over nine years.

The relationship between federal interest rates and homeownership rates in North Lincoln Heights shows some correlation. When interest rates were at historic lows between 2013 and 2016, ranging from 0.09% to 0.4%, homeownership rates increased from 39% to 43%. However, as interest rates began to rise more significantly from 2017 onwards, reaching 1.68% in 2022, homeownership rates declined to 35%. This suggests that while low interest rates initially encouraged homeownership, other factors such as rapidly increasing home prices may have outweighed the benefits of low mortgage rates in later years.

Renter percentages in North Lincoln Heights have generally increased as homeownership rates declined. In 2013, 61% of residents were renters, and by 2022, this had increased to 65%. Average rent prices have shown volatility over this period, starting at $838 in 2013, peaking at $893 in 2016, before declining to $566 in 2022. This 36.7% decrease in average rent from 2013 to 2022 occurred despite the increase in the renter population, suggesting factors such as increased housing supply or changes in local economic conditions may have influenced rental prices.