The percentage of renters in Wolf Forest Farms has increased from 12% in 2013 to 23% in 2022. Average rent prices have shown volatility during this period. In 2013, the average rent was $1,652, fluctuating over the years and reaching a low of $1,447 in 2017 before increasing to $1,654 in 2021. In 2022, the average rent dropped to $1,455, despite the increase in the renter population.

As of 2024, the average home price in Wolf Forest Farms is $377,337, showing a slight decrease from the 2023 value of $381,362. This recent trend coincides with a significant increase in federal interest rates, which have risen to 5.33% in 2024 from 5.02% in 2023. These higher interest rates may be contributing to the slight cooling in the housing market.

Based on historical data and current trends, average home prices in Wolf Forest Farms may continue to experience moderate growth over the next five years, albeit at a slower pace than in recent years due to higher interest rates. Average rent prices are likely to stabilize or increase slightly as the renter population continues to grow. However, economic factors and local market conditions will play a crucial role in shaping these trends.

In summary, Wolf Forest Farms has experienced a shift towards a higher proportion of renters over the past decade, coinciding with rising home prices and fluctuating rent costs. The recent increase in interest rates appears to be moderating home price growth, and this trend may continue in the near future. The neighborhood's changing demographics and housing market dynamics reflect broader economic trends and local market conditions, making it an interesting case study in suburban housing evolution.