Renter percentages in Moscow have fluctuated between 17% and 25% from 2013 to 2022. Average rent prices have shown some volatility during this period. In 2013, the average rent was $797, which decreased to $698 by 2019, before rising again to $1,041 in 2022. This represents a 30.6% increase in average rent from 2013 to 2022. The fluctuations in renter percentages and rent prices may be influenced by changes in the city's population, which varied from 2,718 in 2010 to 2,891 in 2022.

In 2023, the average home price in Moscow reached $264,693, with federal interest rates at 5.02%. Moving into 2024, the average home price has further increased to $268,363, while interest rates have risen slightly to 5.33%. This continued upward trend in both home prices and interest rates suggests a robust housing market in the city.

Looking ahead, based on the historical data and current trends, we can project that average home prices in Moscow will likely continue to rise over the next five years, potentially reaching around $300,000 by 2029. Average rent prices may also continue their upward trajectory, potentially exceeding $1,200 per month within the same timeframe. These projections assume continued economic stability and sustained demand for housing in the area.

In summary, Moscow has maintained a high rate of homeownership despite steadily increasing average home prices. The period of low interest rates from 2010 to 2021 likely contributed to this trend. While renter percentages have fluctuated, there has been an overall increase in average rent prices. The recent data from 2023 and 2024 indicates a continuing strong housing market, with both home prices and interest rates on the rise. These trends suggest a resilient and potentially growing real estate market in Moscow, Tennessee.