The rental market in Northern Hills has also undergone changes. The percentage of renters decreased from 34% in 2013 to 27% in 2022. Despite this decline in the renter population, average rent prices have increased. In 2013, the average rent was $715 per month, rising to $970 by 2022, a 35.7% increase over nine years. This suggests a tightening rental market and increased demand for available rental units. Recent data shows that the average home price in Northern Hills reached $97,881 in 2023 and further increased to $104,359 in 2024, representing a 6.6% year-over-year increase. Concurrently, federal interest rates rose to 5.02% in 2023 and 5.33% in 2024, potentially impacting homebuying decisions in the neighborhood. Predictive models for the next five years suggest that average home prices in Northern Hills will continue to rise, albeit at a more moderate pace. By 2029, average home prices could reach approximately $130,000 to $140,000, assuming a consistent annual growth rate of 4-6%. Rent prices are projected to increase steadily, potentially reaching an average of $1,200 to $1,300 per month by 2029, based on historical trends and local market conditions. In conclusion, Northern Hills has experienced a significant increase in homeownership rates and average home prices over the past decade. The neighborhood has shifted towards more owner-occupied properties, with a corresponding decrease in the renter population. Both home prices and rent costs have risen substantially, indicating strong demand for housing in the area. As interest rates have increased in recent years, it will be important to monitor how this affects future homeownership trends and property values in Northern Hills.