Renter percentages in Mixon Town have shown a slight upward trend, increasing from 55% in 2013 to 57% in 2022. This rise in renters coincided with fluctuations in average rent prices. The average rent was $741 in 2013, increased to $1,176 by 2021, and then dropped to $762 in 2022. The population of Mixon Town has also fluctuated during this period, from 1,082 residents in 2013 to 1,575 in 2022, potentially influencing rental demand and prices.

Recent data shows that average home prices in Mixon Town continued to rise, reaching $108,653 in 2023 and $114,082 in 2024, representing a 7% increase from 2022 to 2024. Federal interest rates have also increased significantly, rising from 1.68% in 2022 to 5.02% in 2023, and further to 5.33% in 2024. These higher interest rates may impact future homeownership trends in the neighborhood.

Forecasting 5-year trends, we anticipate that average home prices in Mixon Town will continue to rise, albeit at a potentially slower rate due to higher interest rates. By 2029, average home prices could reach approximately $140,000 to $150,000, assuming a moderate annual growth rate of 4-5%. For rent prices, we expect a more stable trajectory, potentially reaching an average of $900 to $1,000 per month by 2029, factoring in historical fluctuations and anticipated economic conditions.

In conclusion, Mixon Town has experienced significant growth in property values over the past decade, with a slight shift towards a renter-majority population. The neighborhood's proximity to downtown Jacksonville and its relatively affordable housing options compared to surrounding areas may continue to drive demand. However, rising interest rates and potential economic shifts could moderate the pace of property value increases and influence the balance between homeowners and renters in the coming years.