As homeownership rates declined, renter occupancy in Biddle Street increased correspondingly. The percentage of renters rose from 48% in 2013 to 52% in 2022. Average rent prices fluctuated during this period, with notable increases followed by a slight decrease. In 2013, the average rent was $1,125, which rose to $1,401 by 2018 (a 24.5% increase), but then decreased to $1,173 by 2022. These fluctuations in rent prices, coupled with the increasing percentage of renters, indicate a complex interplay between housing affordability, population changes, and local economic factors. Recent data from 2024 shows that average home prices in Biddle Street have increased to $87,381, up 2.2% from $85,482 in 2023. Simultaneously, federal interest rates have risen to 5.33% in 2024, up from 5.02% in 2023. This continued upward trend in interest rates may impact future homebuying activity in the neighborhood. Predictive models suggest that average home prices in Biddle Street may continue to appreciate over the next five years, albeit at a more moderate pace than seen in recent years. The rate of increase is expected to slow due to higher interest rates and potential market stabilization. Average rent prices are projected to follow a similar trajectory, with modest increases anticipated as demand for rental properties remains steady in the face of potentially constrained homeownership opportunities. In conclusion, Biddle Street has experienced a notable shift from homeownership to renting over the past decade, accompanied by substantial increases in average home prices. The interplay between federal interest rates, local economic conditions, and housing affordability has shaped these trends. As the neighborhood moves forward, it is likely to see continued evolution in its housing market, with potential for further changes in the balance between owners and renters, influenced by broader economic factors and local development initiatives.