The rental market in Newton Heights has also shown interesting patterns. In 2013, 40% of residents were renters, with an average rent of $1,041. By 2022, the renter percentage had increased to 45%, with average rent rising to $1,110, representing a 6.6% increase over nine years. The population of Newton Heights reached 1,164 in 2022, which may have contributed to the increased demand for rental properties. In 2023, the average home price in Newton Heights reached $241,303, with federal interest rates at 5.02%. Moving into 2024, the average home price further increased to $269,941, while interest rates slightly rose to 5.33%. These figures demonstrate a continuation of the upward trend in home values, despite higher interest rates potentially making financing more challenging for prospective buyers. Predictive models suggest that average home prices in Newton Heights are likely to continue their upward trajectory over the next five years, albeit at a potentially slower rate due to higher interest rates. Average rent prices are also expected to increase moderately, driven by ongoing demand for rental properties in the area. In conclusion, Newton Heights has demonstrated resilience in its property market, with significant growth in average home prices and a relatively stable balance between homeowners and renters. The neighborhood has maintained its attractiveness for both homeowners and renters, even in the face of increasing interest rates. As we look to the future, Newton Heights is expected to continue experiencing steady growth in both the housing and rental markets.