The rental market in Rose Park has also experienced significant changes. Renter occupancy showed a slight upward trend, increasing from 56% in 2013 to 60% in 2018, before returning to 56% in 2022. This trend coincided with rising average rent prices, which increased from $723 per month in 2013 to $1,139 in 2022, representing a 57.5% increase. The population growth from 5,022 in 2013 to 5,535 in 2022 likely contributed to the increased demand for rental properties and the subsequent rise in rent prices. Recent data shows that the upward trend in housing costs has continued. In 2023, the average home price in Rose Park reached $516,310, with federal interest rates at 5.02%. By 2024, the average home price further increased to $531,603, while interest rates rose slightly to 5.33%. These figures indicate a continuing upward trend in housing costs, despite higher borrowing costs. Looking ahead, predictive models suggest that average home prices in Rose Park may continue to rise, potentially reaching around $600,000 by 2029. Average rent prices are also expected to increase, possibly surpassing $1,400 per month within the next five years. These projections are based on historical trends and current market conditions. In conclusion, Rose Park has experienced a significant increase in both home values and rent prices over the past decade, with a slight shift towards renting. The neighborhood's desirability, coupled with broader economic factors such as interest rates and population growth, has driven these trends. As the area continues to evolve, it is likely to see further changes in its housing market dynamics, potentially affecting affordability and demographic composition.