Renter percentages in Notasulga have fluctuated between 19% and 25% from 2013 to 2022. Average rent prices have shown an overall upward trend, albeit with some volatility. In 2013, the average rent was $578, which increased to $595 by 2022, representing a modest 2.9% increase over nine years. It's worth noting that rent prices peaked at $697 in 2016 before declining and then stabilizing.

Looking at the most recent data, the average home price in Notasulga for 2023 was $166,774, showing a slight decrease from 2022. In 2024, the average home price has further decreased marginally to $166,736. Federal interest rates have increased significantly during this period, reaching 5.02% in 2023 and 5.33% in 2024. This increase in interest rates may be contributing to the stabilization of home prices.

Applying predictive models to forecast 5-year trends, we can anticipate that average home prices in Notasulga may continue to stabilize or experience modest growth, given the current high interest rate environment. Average rent prices are likely to follow a similar pattern, potentially seeing slight increases to keep pace with inflation and housing demand.

In summary, Notasulga has maintained a high homeownership rate despite fluctuations in the housing market and interest rates. The town has seen significant appreciation in average home values over the past decade, while rent prices have remained relatively stable with some volatility. The recent stabilization of home prices, coupled with rising interest rates, suggests a potential cooling of the local housing market in the near future.