Renter percentages and average rent prices in Glen Campbell have shown interesting trends. The percentage of renters fluctuated between 13% and 18% from 2013 to 2022. Average rent prices have generally increased over this period. In 2013, the average rent was $549, which steadily rose to $634 by 2022, representing a 15.5% increase over nine years. This upward trend in rent prices occurred despite minor fluctuations in the renter population, suggesting other factors such as housing demand and overall cost of living increases may have influenced rental rates.

In 2023 and 2024, Glen Campbell's housing market continued to evolve. The average home price in 2023 was $103,228, showing a slight decrease from 2022. However, in 2024, the average home price increased to $104,026, indicating a recovery. Notably, federal interest rates rose significantly to 5.02% in 2023 and further to 5.33% in 2024, which could impact future homeownership trends and housing affordability in the area.

Looking ahead, based on historical trends and current economic conditions, we can project potential scenarios for Glen Campbell's housing market over the next five years. Average home prices may continue to show modest growth, potentially reaching around $110,000 to $115,000 by 2029, assuming a steady appreciation rate similar to recent years. Average rent prices could also continue their upward trajectory, possibly reaching $700 to $750 per month by 2029, reflecting ongoing demand for rental properties and general inflationary pressures.

In summary, Glen Campbell's housing market has demonstrated resilience with stable homeownership rates and gradual increases in both home values and rent prices. The community has maintained a strong preference for homeownership, with only minor fluctuations in the renter population. As interest rates continue to play a significant role in shaping the housing market, Glen Campbell may see further adjustments in homeownership rates and property values in the coming years.