As homeownership declined, the percentage of renters in Lee Miles increased from 28% in 2013 to 38% in 2022. Average rent prices fluctuated during this period, peaking at $871 in 2016 before decreasing to $783 in 2022. Despite the overall increase in renters, the average rent price in 2022 was only 2.5% lower than in 2013, indicating a complex interplay of supply, demand, and local economic factors. In 2023 and 2024, Lee Miles experienced a brief dip in average home prices followed by a recovery. The average home price decreased by 3.5% to $89,398 in 2023 but rebounded to $93,267 in 2024, surpassing 2022 levels. This recovery occurred despite a significant increase in federal interest rates, which rose to 5.02% in 2023 and 5.33% in 2024, potentially affecting affordability for prospective homebuyers. Predictive models suggest that average home prices in Lee Miles may continue to rise moderately over the next five years, potentially reaching around $105,000 by 2029. Rent prices are also expected to increase, albeit at a slower rate, possibly reaching an average of $850 per month by 2029. These projections assume continued economic stability and gradual population growth in the area. In conclusion, Lee Miles has witnessed a shift towards renting, with homeownership rates declining as property values significantly increased. The neighborhood has demonstrated resilience in the face of rising interest rates, with home prices rebounding in 2024 after a brief dip. The interplay between homeownership, rental markets, and economic factors will likely continue to shape the housing landscape of Lee Miles in the coming years.