Red Bridge North, a neighborhood in Kansas City, Missouri, has experienced significant changes in its housing market over the past decade. This area is characterized by consistently high homeownership rates and steadily increasing property values. From 2013 to 2022, the neighborhood maintained a homeownership rate above 90%, peaking at 97% in 2014 and 2016. Despite a slight decline to 91% by 2022, this rate remains notably high. Concurrently, average home prices in Red Bridge North have shown remarkable growth, rising from $144,016 in 2013 to $294,753 in 2022, marking a substantial 104.7% increase over this period.

The interplay between federal interest rates and homeownership in Red Bridge North reveals an interesting pattern. During the years of low interest rates (0.11% to 0.40%) from 2013 to 2016, homeownership rates in the neighborhood remained at their highest, between 94% and 97%. However, as interest rates began to climb more significantly from 2017 onwards, a gradual decrease in homeownership rates was observed, culminating in the 91% rate seen in 2022 when the federal interest rate reached 1.68%. This trend suggests a potential correlation between rising interest rates and a slight shift in the neighborhood's housing dynamics.

While Red Bridge North has predominantly been a community of homeowners, the rental market, though small, has shown some fluctuations. The percentage of renter-occupied homes increased from a low of 3% in 2014 and 2016 to 9% by 2022. Average rent prices in the area have generally trended upward, albeit with some variations. Starting at $781 in 2013, rents rose to $925 in 2015, then experienced a period of decline, reaching a low of $735 in 2019. However, by 2022, average rents had surged to $1,332, representing a significant 70.6% increase from 2013 to 2022. This trend indicates a growing demand for rental properties in the area, potentially driven by factors such as increasing home prices and changing demographic preferences.