Renter percentages in Guilford Center have fluctuated inversely to homeownership rates, ranging from 27% in 2015 to 21% in 2020. Average rent prices have shown volatility. From 2013 to 2019, average rent increased from $1,617 to $1,804, an 11.6% rise. However, by 2022, it decreased to $1,632, a 9.5% drop from the 2019 peak. This rent decrease occurred despite a population increase from 8,564 in 2019 to 9,009 in 2022, suggesting other factors such as increased housing supply or economic conditions may have influenced rental market dynamics.

As of 2024, the average home price in Guilford Center has reached $614,700, a significant 15.3% increase from the 2022 figure of $532,939. This substantial rise in home values has occurred alongside an increase in federal interest rates, which stood at 5.33% in 2024. Despite higher interest rates, which typically dampen housing demand, Guilford Center's real estate market has demonstrated resilience and continued appreciation.

Based on historical data and current trends, average home prices in Guilford Center are likely to continue their upward trajectory over the next five years, albeit potentially at a more moderate pace due to higher interest rates. Average rent prices may stabilize or see modest increases as the market adjusts to the growing population and housing demand. However, exact figures will depend on various factors, including economic conditions, local development, and broader housing market trends.

In conclusion, Guilford Center has maintained a strong homeownership rate while experiencing substantial growth in average home prices. The rental market has shown more variability, with recent trends indicating a slight decrease in average rents despite population growth. The neighborhood's real estate market has demonstrated resilience in the face of rising interest rates, with home values continuing to appreciate significantly into 2024.