Rock Creek Lexington Road, a suburban neighborhood in Louisville, Kentucky, has demonstrated remarkable stability in homeownership rates while experiencing significant growth in property values over the past decade. This area, known for its proximity to local amenities, has maintained a high percentage of owner-occupied housing despite fluctuations in the housing market. From 2013 to 2022, homeownership rates in Rock Creek Lexington Road remained relatively constant, ranging between 64% and 69%. This stability persisted even as average home prices increased substantially, rising from $269,576 in 2010 to $442,185 in 2022, representing a 64% increase over 12 years.

The impact of federal interest rates on homeownership trends in Rock Creek Lexington Road has been noteworthy. Between 2010 and 2016, when interest rates were historically low (0.09% to 0.40%), homeownership rates in the neighborhood remained high. Interestingly, even as interest rates began to rise from 2017 onwards, reaching 1.68% in 2022, homeownership rates showed resilience, maintaining at 67%. This suggests that factors such as local market conditions and neighborhood desirability may have mitigated the potential negative effects of rising interest rates on homeownership.

The rental market in Rock Creek Lexington Road has also experienced significant changes. Renter percentages fluctuated between 31% and 36% from 2013 to 2022, while average rent prices generally increased. In 2013, the average rent was $886, which rose to $1,211 by 2021, a 37% increase. However, there was a notable decrease to $954 in 2022. These trends in rent prices and renter percentages appear to be influenced by factors such as housing supply, local economic conditions, and population changes. The neighborhood's population peaked at 7,065 in 2018 before declining to 5,686 by 2022, which may have impacted rental market dynamics.