While renter percentages have remained low, fluctuating between 3% and 6% from 2013 to 2022, average rent prices have shown some volatility. The average rent increased from $1,177 in 2013 to a peak of $1,252 in 2017, before declining to $1,129 in 2022. This represents a modest overall decrease of 4.1% in average rent from 2013 to 2022. The low renter population, coupled with the area's declining overall population from 789 in 2010 to 571 in 2022, may have influenced these rent price fluctuations.

In 2023 and 2024, the housing market in zip code 18059 continued its upward trajectory. The average home price reached $441,555 in 2023 and further increased to $457,001 in 2024, representing a 9.3% growth over these two years. This rise occurred despite the significant increase in federal interest rates, which jumped to 5.02% in 2023 and 5.33% in 2024, potentially impacting affordability for new homebuyers.

Looking ahead, based on historical trends and current market conditions, we can project continued growth in average home prices for zip code 18059. Applying a conservative linear regression model, we estimate that average home prices could reach approximately $525,000 by 2029. For average rent prices, considering the recent stabilization around $1,130, we project a modest increase to about $1,200 by 2029, assuming steady demand and limited new rental inventory.

In summary, zip code 18059 demonstrates a robust and stable housing market characterized by high homeownership rates and steadily increasing average home prices. Despite rising interest rates, the area has maintained its appeal to homeowners, with property values continuing to appreciate. The rental market, while small, has shown resilience with relatively stable average rent prices. These trends suggest that Laurys Station remains an attractive area for long-term homeownership, with potential for continued property value appreciation in the coming years.