As homeownership rates declined, the proportion of renters in Linwood increased from 32% in 2015 to 45% in 2022, a 13 percentage point rise. Average rent prices fluctuated during this period, peaking at $1,149 in 2019 before settling at $1,014 in 2022. The growth in the renter population, despite relatively stable rent prices, may indicate shifting housing preferences or economic factors affecting residents' ability to purchase homes.

Recent data shows that average home prices in Linwood continued to climb, reaching $163,830 in 2023 and $171,577 in 2024, a 6.4% increase from 2022 to 2024. Simultaneously, federal interest rates have risen significantly, reaching 5.02% in 2023 and 5.33% in 2024. These higher interest rates may impact future homeownership trends and housing affordability in the area.

Predictive models forecast that average home prices in Linwood will continue to rise over the next five years, potentially reaching around $200,000 by 2029. This projection is based on the consistent upward trend observed since 2015. Average rent prices are expected to increase more moderately, potentially reaching approximately $1,200 per month by 2029, assuming the trend of gradual increases continues.

In conclusion, Linwood has undergone a significant transformation in its housing market over the past decade. The community has experienced a 12 percentage point decrease in homeownership since 2015, coinciding with a substantial 117% increase in average home prices. Despite periods of low interest rates, rising home prices appear to have had a stronger influence on homeownership trends. The increase in renters, coupled with fluctuating but relatively stable rent prices compared to the dramatic rise in home values, reflects changing dynamics in the local housing market. As interest rates continue to rise and home prices maintain their upward trajectory, Linwood may face challenges in housing affordability and homeownership accessibility in the coming years.