Clinton, a city in North Carolina, has experienced interesting shifts in its housing market over the past decade. This analysis explores the trends in homeownership rates, average home prices, and average rent prices, providing insights into the city's real estate dynamics. Homeownership in Clinton has remained relatively stable, with slight fluctuations over the years. In 2013, the homeownership rate stood at 59%, and by 2022, it maintained the same level. However, there were some variations in between, with the rate reaching a low of 57% in 2016 and a high of 61% in 2021. The average home prices in Clinton have shown a consistent upward trend during this period. In 2013, the average home price was $86,239, and by 2022, it had increased significantly to $144,131, representing a substantial 67% growth over nine years.

The relationship between federal interest rates and homeownership rates in Clinton shows some correlation. For instance, when interest rates were at historic lows between 2013 and 2016 (ranging from 0.09% to 0.4%), homeownership rates remained relatively stable around 58-59%. As interest rates began to rise from 2017 onwards, reaching 1.68% in 2022, homeownership rates showed slight increases, peaking at 61% in 2021 before settling back to 59% in 2022. This suggests that despite rising interest rates, other factors may have contributed to maintaining stable homeownership levels in Clinton.

Renter percentages in Clinton have also remained fairly consistent, complementing the homeownership rates. In 2013, renters made up 41% of the housing market, and this figure remained the same in 2022. However, there were slight variations, with the renter percentage reaching a peak of 43% in 2016 before stabilizing again. Average rent prices have shown an overall increasing trend, albeit with some fluctuations. In 2013, the average rent was $604, which increased to $672 by 2022, representing an 11.3% rise over the period. Notably, there was a significant jump in average rent from $683 in 2020 to $703 in 2021, possibly influenced by the changing economic conditions during that time.