Renter percentages in Curryville have shown a slight decrease over time, corresponding to the increase in homeownership. In 2013, the renter-occupied rate was 18%, which decreased to 13% by 2022. Despite this decline in the renter population, average rent prices have experienced some fluctuations. The average rent price rose from $573 in 2013 to a peak of $700 in 2016, before settling at $580 in 2022. This represents a modest 1.2% increase in average rent prices over the nine-year period, despite the decrease in the renter population.

Looking at the most recent data for 2023 and 2024, we see that average home prices in zip code 63339 have experienced a slight decrease followed by a small rebound. The average home price in 2023 was $286,969, showing a 3% decrease from 2022. However, in 2024, the average home price has increased slightly to $289,735, indicating a 1% rise from the previous year. It's worth noting that federal interest rates have also increased significantly during this period, reaching 5.02% in 2023 and 5.33% in 2024.

Applying predictive models to forecast 5-year trends, we can anticipate continued growth in average home prices for zip code 63339. Based on the historical data and current market conditions, average home prices are projected to increase by approximately 2-3% annually over the next five years. For average rent prices, a more modest growth of 1-2% per year is expected, given the historical stability of rent prices in the area.

In summary, Curryville in zip code 63339 has demonstrated a trend towards increased homeownership, with a corresponding rise in average home prices. The community has maintained a high rate of owner-occupied housing, reaching 87% in recent years. Despite fluctuations, average rent prices have remained relatively stable. The recent increases in federal interest rates may impact future homeownership trends, but the area's strong preference for owner-occupied housing suggests continued stability in the local real estate market.