Renter percentages in Rockingham have generally increased alongside rising average rent prices. In 2013, with an average rent of $708, renters comprised 50% of the population. By 2022, as the average rent reached $796, the renter percentage increased to 57%. A notable jump in the renter population occurred between 2019 and 2020, from 54% to 62%, despite a decrease in average rent from $860 to $783, potentially due to changes in local economic conditions or housing preferences. In 2023 and 2024, Rockingham's real estate market continued to grow. The average home price reached $297,512 in 2023, a 6.3% increase from 2022, and further climbed to $306,791 in 2024. This growth persisted despite rising interest rates, which reached 5.02% in 2023 and 5.33% in 2024, potentially affecting affordability for prospective homebuyers. Projections based on historical trends and current market conditions suggest continued growth in both home prices and rent in Rockingham over the next five years. Average home prices could potentially reach around $350,000 by 2029, assuming a moderate annual growth rate of 2-3%. Average rent prices might increase to approximately $900-$950 per month, factoring in historical appreciation and inflation. In conclusion, Rockingham has transitioned to a renter-majority population, coinciding with substantial increases in both home prices and rent. The neighborhood's real estate market has demonstrated resilience, with home values appreciating even as interest rates rise. These trends indicate a dynamic and potentially competitive housing market in Rockingham for the foreseeable future.