Renter percentages and average rent prices in Williams Bend Townhomes have shown a strong correlation. In 2013, 79% of residents were renters, with an average rent of $887. As the renter population increased to 89% by 2018, average rent rose to $1,067. The trend continued with renter percentages remaining high (89% in 2020) and average rent reaching $1,312. By 2022, despite a slight decrease in the renter population to 75%, average rent had climbed to $1,470. This trend aligns with the neighborhood's population growth from 801 in 2013 to 1,135 in 2022, indicating strong rental demand.

In 2023 and 2024, average home prices in Williams Bend Townhomes continued to rise, reaching $288,516 and $289,759 respectively. This represents a slight slowdown in price growth compared to previous years. Concurrently, federal interest rates increased significantly to 5.02% in 2023 and 5.33% in 2024, potentially impacting homebuying affordability and decisions in the neighborhood.

Looking ahead, predictive models suggest that average home prices in Williams Bend Townhomes may continue to rise, but at a more moderate pace. Over the next five years, average home prices could potentially reach around $320,000 to $340,000. Average rent prices are also expected to increase, potentially reaching $1,700 to $1,900 per month by 2029, driven by the area's consistent population growth and high renter demand.

In summary, Williams Bend Townhomes has experienced a complex interplay between homeownership rates, average home prices, and rental trends. The recent increase in homeownership despite rising prices and interest rates is particularly noteworthy. The neighborhood's strong rental market, evidenced by consistently high renter percentages and rising average rents, reflects its appeal to a diverse population. These trends, combined with steady population growth, suggest Williams Bend Townhomes will continue to be a dynamic and evolving residential area in Nashville-Davidson.