The percentage of renters in Huntington Place has shown a slight upward trend, increasing from 77% in 2013 to 77% in 2022. This trend has been accompanied by a steady increase in average rent prices. In 2013, the average rent was $928, which rose to $1,301 by 2022, marking a 40% increase over nine years. The growing renter population, which increased from 3,979 in 2013 to 5,428 in 2022, likely contributed to the upward pressure on rent prices. Recent data shows that the average home price in Huntington Place reached $381,282 in 2023, indicating continued growth. However, in 2024, there was a slight decrease to $380,206, possibly influenced by the significant increase in federal interest rates, which rose to 5.33% in 2024. This higher interest rate environment may have slightly cooled the housing market. Based on historical trends and current market conditions, forecasts for the next five years suggest continued growth in both home and rent prices in Huntington Place. Average home prices are expected to maintain their upward trajectory, potentially reaching $425,000 to $450,000 by 2029, although the pace may slow due to higher interest rates. Average rent prices are also projected to rise, potentially reaching $1,500 to $1,600 per month by 2029, driven by the neighborhood's consistent demand for rental properties. In conclusion, Huntington Place has demonstrated a robust real estate market with significant appreciation in both home values and rent prices over the past decade. The neighborhood has maintained a high proportion of renters, which has likely contributed to the steady increase in rental costs. While homeownership rates have remained relatively stable, the substantial growth in average home prices suggests strong demand for properties in this area. The recent slight cooling in the housing market, potentially influenced by rising interest rates, will be an important factor to watch in the coming years.