Renter percentages in Winfield have inversely mirrored the homeownership trends, ranging from a low of 19% in 2013 to a high of 27% in 2016. As of 2022, the renter percentage stood at 24%. Average rent prices have shown some volatility over the years. In 2013, the average rent was $680, which decreased to $596 in 2014. It then rose to a peak of $702 in 2017 before settling at $628 in 2022. These fluctuations in rent prices do not seem to correlate strongly with the changes in renter percentages, suggesting other factors may be influencing the rental market in Winfield.

The average home price in Winfield decreased slightly to $165,486 in 2023 but rebounded to $171,606 in 2024. This recovery occurred despite a significant increase in federal interest rates, which rose from 5.02% in 2023 to 5.33% in 2024. This resilience in home prices, even in the face of higher interest rates, suggests a strong demand for housing in the area.

Applying predictive models to forecast 5-year trends, we can anticipate relatively stable average home prices in Winfield, with potential for modest growth. The town's consistent homeownership rates and recent rebound in home prices indicate a steady housing market. Average rent prices are likely to remain relatively stable as well, potentially increasing slightly in line with inflation and demand for rental properties.

In summary, Winfield demonstrates a robust housing market characterized by high homeownership rates and relatively stable rent prices. The recent uptick in home prices, despite rising interest rates, suggests continued demand for housing in the area. While there have been some fluctuations in both homeownership rates and rent prices over the past decade, the overall trend points towards stability in the local real estate market.