As homeownership rates increased, the percentage of renters in Ukrainian Village decreased, accompanied by rising average rent prices. In 2013, 69% of residents were renters, paying an average rent of $1,158. By 2022, the renter percentage had dropped to 59%, while the average rent had increased to $1,782, a 53.9% rise. This trend suggests that escalating rent prices may have motivated some long-term renters to transition to homeownership, particularly given the relatively low interest rates during most of this period. The years 2023 and 2024 brought further changes to Ukrainian Village's housing market. The average home price in 2023 was $517,078, showing a slight decrease from 2022. However, in 2024, the average home price rebounded to $524,627. These fluctuations occurred against the backdrop of significantly higher interest rates, which reached 5.02% in 2023 and 5.33% in 2024. Despite these higher rates, the neighborhood's housing market remained relatively stable, indicating its continued desirability. Future projections for Ukrainian Village's housing market are cautiously optimistic. Predictive models suggest that average home prices may continue to rise moderately over the next five years, potentially reaching around $550,000 by 2029. Average rent prices are also expected to increase, possibly surpassing $2,000 per month within the same timeframe. These projections are based on historical trends and assume relatively stable economic conditions. In conclusion, Ukrainian Village has demonstrated resilience in its housing market, characterized by increasing property values and a gradual shift towards higher homeownership rates. The neighborhood has successfully navigated changes in interest rates and economic conditions, maintaining its appeal to both homeowners and renters. The recent stability in home prices, even in the face of higher interest rates, suggests a strong underlying demand for housing in this culturally rich Chicago neighborhood.