Concurrent with the decline in homeownership, Spring Creek has seen a significant increase in its renter population, growing from 6% in 2013 to 17% in 2022. Average rent prices have also fluctuated, starting at $859 in 2013, peaking at $1,293 in 2017, and settling at $1,052 in 2022. Overall, this represents a 22.5% increase in average rent prices from 2013 to 2022, despite some year-to-year variations. As of 2024, the average home price in Spring Creek has reached $385,158, a 4.7% increase from 2022. The federal interest rate has risen dramatically to 5.33% in 2024, up from 1.68% in 2022. This significant increase in interest rates may continue to influence homeownership trends in the neighborhood. Based on current trends, projections suggest that average home prices in Spring Creek will continue to rise, albeit at a more moderate pace due to higher interest rates. By 2029, average home prices could reach approximately $450,000 to $475,000. Average rent prices are also expected to increase, potentially reaching $1,300 to $1,400 per month by 2029, driven by growing demand for rental properties in the area. In conclusion, Spring Creek has undergone a transformation in its housing landscape over the past decade, characterized by rising property values and a shift towards more renters. The interplay between increasing home prices, rising interest rates, and changing demographics has reshaped the neighborhood's residential composition. As these trends continue to evolve, Spring Creek is likely to experience further changes in its real estate market dynamics in the coming years.