Regarding rental trends, the percentage of renters in Huntland fluctuated between 2013 and 2022. In 2013, 14% of residents were renters, which increased to a peak of 31% in 2018 before decreasing to 17% in 2022. Average rent prices also showed an upward trend during this period. In 2013, the average rent was $575, which increased to $980 by 2022, representing a 70.4% increase. The population growth from 913 in 2013 to 1,467 in 2022 likely contributed to the increased demand for rental properties and the subsequent rise in rent prices.

In 2023 and 2024, Huntland continued to see growth in average home prices. The average home price reached $208,417 in 2023 and further increased to $211,186 in 2024. This represents a 4.4% increase from 2022 to 2023 and a 1.3% increase from 2023 to 2024. Notably, federal interest rates also rose significantly during this period, reaching 5.02% in 2023 and 5.33% in 2024.

Looking ahead, based on historical trends and current market conditions, it's projected that average home prices in Huntland will continue to appreciate, albeit at a more moderate pace. Over the next five years, average home prices could potentially reach around $240,000 to $250,000. Average rent prices are also expected to increase, potentially reaching $1,100 to $1,200 per month within the same timeframe.

In summary, Huntland has experienced substantial growth in both average home prices and rent prices over the past decade. While homeownership rates have slightly decreased, they remain relatively high. The community has shown resilience in its housing market, with property values appreciating significantly despite fluctuations in interest rates and demographic changes. These trends suggest a dynamic and evolving housing market in Huntland, with continued growth potential in the coming years.