Fiddyment Farm, a rapidly growing neighborhood in Roseville, California, has experienced significant changes in homeownership rates and property values over the past decade. Known for its family-friendly atmosphere and modern amenities, this community has seen a steady increase in homeownership, rising from 79% in 2013 to 89% in 2022. This trend corresponds with a substantial rise in average home prices, which more than doubled from $327,896 in 2012 to $759,358 in 2022. The correlation suggests that as property values increased, more residents were motivated to invest in homeownership, possibly viewing it as a sound long-term financial decision.

The relationship between federal interest rates and homeownership rates in Fiddyment Farm presents an interesting trend. Despite fluctuations in interest rates, the neighborhood maintained a high rate of homeownership. For instance, when interest rates were at a low of 0.08% in 2021, homeownership stood at 88%. This rate remained unchanged in 2022 when interest rates increased to 1.68%, and even rose to 89% in 2022 as rates continued to climb. This suggests that factors beyond interest rates, such as local economic conditions and the desirability of the neighborhood, played a significant role in driving homeownership.

The renter percentage in Fiddyment Farm has correspondingly decreased from 21% in 2013 to 11% in 2022. Despite this decline, average rent prices have shown considerable volatility. In 2013, the average rent was $1,244, which increased to $1,577 in 2019, then dropped to $1,079 in 2020, before surging to $1,753 in 2021 and falling again to $1,101 in 2022. These fluctuations may be attributed to changes in housing supply, economic conditions, and the rapid population growth from 1,546 in 2010 to 10,122 in 2022, which likely influenced rental market dynamics.