As homeownership rates decreased, the proportion of renters in Playa Vista increased from 56% in 2013 to 67% in 2022. This shift was accompanied by a sharp rise in average rent prices, which grew from $1,793 in 2013 to $3,179 in 2022, a 77.3% increase. The renter population more than doubled during this period, from 2,781 in 2013 to 6,098 in 2022, likely contributing to the upward pressure on rent prices. In 2023, the average home price in Playa Vista reached $1,329,460, with the federal interest rate rising significantly to 5.02%. By 2024, the average home price further increased to $1,381,752, while the interest rate rose to 5.33%. These higher interest rates may impact homebuying affordability and potentially influence future homeownership rates in the neighborhood. Based on historical trends and current market conditions, it is projected that average home prices in Playa Vista may continue to rise over the next five years, albeit potentially at a slower rate due to higher interest rates. Average rent prices are also likely to increase, driven by the neighborhood's growing population and the trend towards renting. However, the rate of increase may moderate as the market adjusts to economic conditions and housing supply catches up with demand. In summary, Playa Vista has experienced a significant shift towards renting over the past decade, accompanied by substantial increases in both home prices and rents. The neighborhood's desirability, coupled with broader economic factors such as interest rates, has played a crucial role in shaping these trends. As Playa Vista continues to evolve, the interplay between homeownership, renting, and housing costs will likely remain a key factor in its demographic and economic landscape.