Newell South, a suburban neighborhood in Charlotte, North Carolina, has experienced significant changes in homeownership rates and property values over the past decade. Located near the University of North Carolina at Charlotte, this area reflects broader economic trends and local market dynamics. From 2013 to 2021, homeownership rates in Newell South showed an overall upward trend, increasing from 75% to 82%, before dropping to 73% in 2022. This fluctuation coincided with a substantial rise in average home prices, which more than doubled from $123,455 in 2013 to $343,583 in 2022.

Federal interest rates have played a crucial role in shaping Newell South's homeownership trends. Between 2013 and 2016, historically low interest rates ranging from 0.09% to 0.4% corresponded with relatively stable homeownership rates of 75% to 78%. As interest rates began to rise more significantly from 2017 onwards, reaching 1.68% in 2022, homeownership rates experienced some fluctuations. The drop to 73% ownership in 2022 may be partially attributed to the increasing cost of borrowing, which made home purchases less affordable for some potential buyers.

Renter percentages in Newell South have generally mirrored the inverse of homeownership rates. The rental population decreased from 25% in 2013 to 18% in 2021, before rising again to 27% in 2022. Average rent prices have shown volatility, ranging from a low of $869 in 2016 to a high of $1,091 in 2021. Notably, the highest average rent coincided with the lowest percentage of renters, suggesting that increased rental costs may have pushed some residents towards homeownership. The population of Newell South grew from 3,387 in 2013 to 4,431 in 2022, potentially influencing the demand for both rental and owner-occupied housing.