North Park, a neighborhood in Buffalo, New York, has experienced significant changes in its housing market over the past decade. From 2013 to 2022, the area maintained a population of around 16,442 residents, with a balanced mix of homeowners and renters. The homeownership rate remained relatively stable, fluctuating between 49% and 53% during this period. Despite this stability, average home prices in North Park saw a remarkable increase of 119%, rising from $124,034 in 2013 to $271,719 in 2022. The housing market in North Park demonstrated resilience in the face of changing economic conditions. Federal interest rates played a role in homeownership trends, with historically low rates between 2013 and 2016 coinciding with a slight increase in homeownership. Even as interest rates rose more significantly from 2017 onwards, reaching 1.68% in 2022, the homeownership rate remained stable between 51% and 53%. This suggests a strong desire among residents to own homes in the neighborhood, despite rising costs. Rental market trends in North Park mirrored homeownership patterns, with renter percentages fluctuating between 47% and 51% from 2013 to 2022. Average rent prices showed a general upward trend, increasing by 11% from $866 in 2013 to $962 in 2022. This increase, while significant, was less dramatic than the surge in home values. The relatively stable population of North Park, ranging from about 15,000 to 17,000 residents during this period, likely contributed to steady demand for rental properties.