Renter percentages in Lake Wynonah have remained low, fluctuating between 9% and 14% from 2013 to 2022. Interestingly, average rent prices have shown a downward trend in recent years. In 2013, the average rent was $1,139, rising slightly to $1,149 in 2015 before declining to $979 in 2022. This represents a 14% decrease in average rent prices over the nine-year period. The decline in rent prices, coupled with the area's increasing population (from 5,052 in 2020 to 5,275 in 2022), suggests a potential oversupply of rental properties or other local economic factors influencing the rental market.

In 2023 and 2024, Lake Wynonah continued to see growth in average home prices. The average home price reached $261,426 in 2023 and further increased to $273,199 in 2024, representing a 4.5% year-over-year increase. This growth occurred despite the significant rise in federal interest rates, which reached 5.02% in 2023 and 5.33% in 2024. These higher interest rates typically make home financing more expensive, yet the local housing market has shown resilience in terms of price appreciation.

Looking ahead, predictive models suggest that average home prices in Lake Wynonah may continue to rise over the next five years, albeit at a potentially slower pace due to higher interest rates. Average rent prices, which have been declining, may stabilize or see modest increases as the rental market adjusts to the growing population and changing economic conditions.

In summary, Lake Wynonah has maintained a strong homeownership rate while experiencing significant growth in average home prices over the past decade. The area has bucked the trend of rising rent prices seen in many other locations, with average rents actually decreasing. The community's ability to sustain home price growth even in the face of rising interest rates suggests a robust local housing market with potential for continued appreciation in the coming years.