Renter percentages and average rent prices in the neighborhood have shown a noteworthy correlation. In 2013, 62% of residents were renters, with an average rent of $791. By 2022, the renter percentage remained unchanged at 62%, but average rent had increased to $1,132, representing a 43% increase over nine years. The stability in the renter percentage, despite rising rent prices, could indicate the neighborhood's sustained appeal to renters, possibly due to its location or amenities.

Recent data shows that average home prices in the neighborhood reached $104,534 in 2023 and further increased to $108,962 in 2024. This continued upward trend in home values occurs alongside a significant rise in interest rates, which reached 5.02% in 2023 and 5.33% in 2024. Despite these higher interest rates, which typically deter home buying, the local market appears to maintain its appreciation trajectory.

Predictive models forecast that average home prices in Marlborough Heights - Marlborough Pride will continue to rise, potentially reaching around $130,000 by 2029. Average rent prices are also expected to increase, possibly surpassing $1,300 per month within the same timeframe. These projections are based on the historical growth patterns observed in the neighborhood and assume relative stability in broader economic conditions.

In conclusion, Marlborough Heights - Marlborough Pride has demonstrated resilience in its housing market over the past decade. Despite significant increases in both home values and rent prices, the proportion of homeowners to renters has remained relatively stable. The neighborhood has shown consistent appreciation in property values, even in the face of fluctuating interest rates. As we look to the future, the area is poised for continued growth in both the homeownership and rental markets, making it an interesting locale for residents and investors alike.