The rental market in Lake View has experienced a decline in the percentage of renters, dropping from 31% in 2013 to 24% in 2022. Despite this decrease in the renter population, average rent prices have shown volatility. Rent prices increased from $712 in 2013 to $844 in 2016, then fluctuated before settling at $727 in 2022. This variation in rent prices, despite a decreasing renter population, could be attributed to factors such as changes in housing quality, local economic conditions, or shifts in the types of rental properties available. In 2023 and 2024, the Lake View real estate market continued to evolve. The average home price reached $173,214 in 2023 and slightly decreased to $173,141 in 2024, indicating a potential stabilization in the market. Concurrently, federal interest rates rose significantly to 5.02% in 2023 and 5.33% in 2024, which may impact future homeownership trends and affordability in the area. Predictive models suggest that average home prices in Lake View may continue to increase modestly over the next five years, potentially reaching around $190,000 by 2029. Average rent prices are also expected to show a gradual upward trend, possibly approaching $850 per month in the same timeframe. These projections assume relatively stable economic conditions and a continued balance between supply and demand in the local housing market. In conclusion, Lake View has experienced a significant increase in homeownership rates and average home prices over the past decade, despite fluctuations in federal interest rates. The rental market has seen a decrease in the percentage of renters, coupled with variable rent prices. The recent stabilization of home prices and the sharp increase in interest rates may signal a new phase in the neighborhood's real estate market, potentially influencing future homeownership rates and property values.