Renter percentages in Rogers Park have fluctuated inversely to homeownership rates. In 2013, 72% of residents were renters, peaking at 76% in 2016 before gradually decreasing to 69% in 2022. Average rent prices have steadily increased over this period, rising from $962 in 2013 to $1,085 in 2022, an increase of 12.8%. Despite the increase in homeownership, the majority of Rogers Park residents remain renters, which may be attributed to factors such as the neighborhood's proximity to universities and its urban character.

In 2023 and 2024, Rogers Park continued to see growth in average home prices. The average home price reached $215,988 in 2023 and further increased to $226,673 in 2024, representing year-over-year increases of 2.9% and 4.9% respectively. Concurrently, federal interest rates rose significantly, reaching 5.02% in 2023 and 5.33% in 2024, which may impact future homeownership trends in the neighborhood.

Predictive models suggest that average home prices in Rogers Park may continue to rise over the next five years, potentially reaching around $250,000 by 2029 if current trends persist. Average rent prices are also expected to increase, potentially surpassing $1,300 per month within the same timeframe. However, these projections are subject to various economic factors and local market conditions.

In summary, Rogers Park has experienced a gradual increase in homeownership rates over the past decade, accompanied by substantial growth in average home prices. Despite this trend, the neighborhood remains predominantly renter-occupied, with steadily increasing average rent prices. The interplay between federal interest rates, housing prices, and ownership rates continues to shape the housing market dynamics in this diverse Chicago neighborhood.