Renter occupancy in Williston Highlands has fluctuated slightly over the years, ranging from 11% to 17% between 2013 and 2022. The average rent prices have shown some volatility during this period. In 2013, the average rent was $908, peaking at $1,124 in 2014, before declining to $873 in 2022. Interestingly, the lower rent prices in recent years have not led to a significant increase in the renter population, suggesting that other factors, such as job opportunities or lifestyle preferences, may be influencing housing choices in the area.

In 2023, the average home price in Williston Highlands reached $427,890, representing a 6.5% increase from 2022. This growth continued into 2024, with average home prices climbing to $460,125, a further 7.5% increase. Concurrently, federal interest rates rose to 5.02% in 2023 and 5.33% in 2024, marking a significant increase from previous years. Despite these higher interest rates, home prices have continued to appreciate, indicating strong demand in the local real estate market.

Looking ahead, based on the historical data and current trends, we can project that average home prices in Williston Highlands may continue to rise over the next five years, albeit potentially at a more moderate pace due to higher interest rates. Average rent prices, which have been relatively stable in recent years, may see modest increases as housing demand remains strong. However, the high rate of homeownership in the area could limit significant spikes in rental costs.

In summary, Williston Highlands has demonstrated a robust housing market characterized by high homeownership rates and steadily increasing average home prices. The area has shown resilience to fluctuations in interest rates, maintaining strong property values even as rates have risen. While rental markets have remained relatively stable, the predominance of owner-occupied housing suggests that homeownership will likely continue to be a defining feature of this community in the coming years.