Renter percentages and average rent prices in Amberwood have shown some correlation. In 2013, with 18% of residents renting, the average rent was $1,068. By 2021, as the renter percentage increased to 31%, average rent jumped to $1,750. However, in 2022, despite a slight decrease in renters to 25%, average rent dropped to $1,005, possibly influenced by changes in local supply and demand dynamics.

Recent data shows average home prices in Amberwood reached $1,044,886 in 2023 and further increased to $1,085,211 in 2024. This significant rise occurred alongside higher federal interest rates of 5.02% in 2023 and 5.33% in 2024, suggesting a robust local housing market that has maintained growth despite rising borrowing costs.

Predictive models forecast continued growth in average home prices, potentially reaching around $1.3 million by 2029. Average rent prices are expected to follow a similar upward trajectory, possibly exceeding $2,000 per month within the same timeframe. These projections are subject to various economic factors and local market conditions.

In summary, Amberwood has demonstrated resilience in its housing market, with average home prices showing consistent growth despite fluctuations in homeownership rates. The neighborhood has maintained its appeal, evidenced by the recent surge in property values even in the face of rising interest rates. The rental market has shown volatility, but with a general upward trend in prices. As Amberwood continues to evolve, it remains an attractive location for both homeowners and renters, with strong potential for further appreciation in property values.