The Country Club neighborhood in Mobile, Alabama, a well-established residential area known for its high rate of homeownership and relatively stable property values, has experienced notable changes in its housing market dynamics over the past decade. From 2013 to 2022, the neighborhood saw a general trend of increasing homeownership rates, with the percentage of owner-occupied homes rising from 86% in 2013 to a peak of 93% in 2017, before settling at 80% in 2022. This trend coincided with significant changes in average home prices, which increased from $373,741 in 2013 to $617,735 in 2022, representing a substantial 65.3% increase over the period.

The relationship between federal interest rates and homeownership rates in Country Club shows some correlation. As interest rates remained low from 2013 to 2016 (ranging from 0.09% to 0.4%), homeownership rates increased from 86% to 91%. However, even as interest rates began to rise from 2017 onwards, homeownership rates in the neighborhood remained relatively high, suggesting other local factors may have influenced housing decisions.

Renter percentages in Country Club have shown an inverse relationship to homeownership rates, as expected. The proportion of renters decreased from 14% in 2013 to a low of 6% in 2017, before increasing to 20% by 2022. Average rent prices have fluctuated over this period, starting at $783 in 2013, peaking at $1,066 in 2016, and then settling at $992 in 2022. These changes in rent prices don't show a clear correlation with renter percentages, indicating that other factors, such as local economic conditions or housing availability, may have played a role in renting decisions.