The Davie Avenue/Broad Street Historic District in Statesville, North Carolina, has experienced significant changes in homeownership rates and property values over the past decade. From 2013 to 2022, homeownership rates in the neighborhood increased from 48% to 57%, a 9 percentage point rise. This increase coincided with a substantial growth in average home prices, from $111,448 in 2014 to $204,384 in 2022, representing an 83.4% increase over eight years. These trends suggest a growing desire for homeownership in the area, possibly driven by the neighborhood's historic appeal and improving local economic conditions.

The relationship between federal interest rates and homeownership rates in the district shows an interesting pattern. As interest rates remained low from 2013 to 2016, ranging from 0.1% to 0.4%, homeownership rates increased from 48% to 53%. This aligns with the general trend of lower interest rates encouraging homeownership due to more affordable financing options. However, even as interest rates began to rise from 2017 onwards, reaching 1.68% in 2022, homeownership in the district continued to grow, reaching 57% by 2022. This suggests that other factors, such as the neighborhood's desirability and local economic strength, may have played a significant role in driving homeownership trends.

Renter percentages in the district showed an inverse relationship to homeownership rates, decreasing from 52% in 2013 to 43% in 2022. Average rent prices fluctuated during this period without showing a clear upward trend. In 2013, the average rent was $845, which decreased to $669 in 2018 before rising again to $826 in 2022. This fluctuation in rent prices, coupled with the decreasing percentage of renters, might indicate a shift in housing preferences towards ownership in the area, possibly influenced by the historic character of the neighborhood and the potential for property value appreciation.