The rental market in Meadow Wood has seen a decrease in the percentage of renters as average rent prices have increased. In 2013, 25% of residents were renters, with an average rent of $1,615. By 2022, the renter percentage had decreased to 23%, while average rent had risen to $1,877, a 16% increase. This trend suggests that rising rent prices may have encouraged some residents to transition to homeownership, particularly given the neighborhood's increasing property values. In 2023 and 2024, Meadow Wood experienced a slight dip in average home prices, followed by a modest recovery. The average home price in 2023 was $464,700, a 2.3% decrease from 2022. However, in 2024, prices rebounded to $473,931, nearly reaching the 2022 peak. Notably, interest rates climbed significantly during this period, reaching 5.02% in 2023 and 5.33% in 2024, which may have influenced the housing market dynamics. Predictive models suggest that average home prices in Meadow Wood are likely to continue their upward trajectory over the next five years, albeit at a more moderate pace. Average rent prices are also expected to increase, reflecting the neighborhood's desirability and overall market trends. However, the rate of increase for both home prices and rents may be tempered by factors such as interest rates and broader economic conditions. In conclusion, Meadow Wood has demonstrated resilience and growth in its housing market. The neighborhood has maintained a high rate of homeownership despite significant increases in property values. The interplay between federal interest rates, homeownership rates, and housing prices highlights the complex dynamics at play in this local real estate market. As Meadow Wood continues to evolve, it remains an attractive area for both homeowners and investors, with strong potential for continued appreciation in property values.