Renter percentages in Telford inversely mirrored homeownership rates. The renter population decreased from 22% in 2013 to a low of 9% in 2017, before increasing again to 22% by 2022. Average rent prices showed volatility, rising sharply from $381 in 2013 to $710 in 2017, then dropping to $555 in 2019 before climbing to $641 in 2022. This represents an overall increase of 68.2% in average rent prices from 2013 to 2022, despite the fluctuations.

In 2023 and 2024, Telford's housing market continued to evolve. The average home price in 2023 was $268,018, a 6.5% increase from 2022. In 2024, it further rose to $284,394, marking a 6.1% increase from 2023. Concurrently, federal interest rates reached 5.02% in 2023 and 5.33% in 2024, significantly higher than previous years.

Based on observed trends, average home prices in Telford are predicted to continue rising over the next five years, albeit potentially at a slower rate due to higher interest rates. Average rent prices are likely to follow a similar upward trajectory, driven by increased demand from those priced out of homeownership.

In summary, Telford has experienced significant changes in its housing market from 2013 to 2024. The community saw a rise and subsequent fall in homeownership rates, substantial increases in average home prices, and volatile but ultimately rising average rent prices. These trends, coupled with rising interest rates, suggest a dynamic and evolving real estate landscape in this Tennessee community.