The relationship between federal interest rates and homeownership rates in Founders shows some correlation. For instance, the period from 2013 to 2019, when interest rates were relatively low (ranging from 0.09% to 2.16%), coincided with high homeownership rates of 87% to 89%. The slight dip in homeownership to 74% in 2020 occurred when interest rates dropped to 0.38%, possibly due to other economic factors outweighing the effect of low rates.

Renter percentages in Founders have generally been low but showed some fluctuations. In 2013, renters made up 13% of the population, which decreased to 11% by 2019. However, there was a significant increase to 26% in 2020, followed by a stabilization at 20% in 2022. Average rent prices have shown an overall upward trend, rising from $1,575 in 2013 to $1,870 in 2022, a 18.7% increase. This trend suggests that despite the relatively small renter population, the rental market has remained competitive and valuable.

Looking at the most recent data, the average home price in Founders for 2023 was $390,492, showing a slight decrease from 2022. In 2024, the average home price further decreased to $387,343. This recent downturn could be attributed to the significant increase in federal interest rates, which rose to 5.02% in 2023 and 5.33% in 2024. These higher interest rates may be cooling the housing market, making mortgages more expensive and potentially dampening buyer demand.

Applying predictive models to forecast 5-year trends, we anticipate that average home prices in Founders may experience a period of stabilization or slight decline in the short term due to the current high interest rates. However, given the neighborhood's historical trend of appreciation, prices are likely to resume an upward trajectory once interest rates stabilize or decrease. For rent prices, we expect a continued gradual increase, potentially reaching around $2,100 to $2,300 per month by 2029, assuming consistent demand for rental properties in the area.

In summary, the Founders neighborhood has demonstrated a strong preference for homeownership, with consistently high rates despite recent fluctuations. The area has seen substantial appreciation in home values over the past decade, making it an attractive market for homeowners and investors. While recent interest rate hikes have led to a slight cooling in home prices, the long-term outlook for both the ownership and rental markets in Founders remains positive, supported by the neighborhood's desirable characteristics and historical trends.