What is the home price forecast for Parcel 06053014110 in Toro Park?

Homecastr forecasts median home values at $1,096,471 currently, with a 5-year expected change of 12.4%.

What is the home price forecast for Parcel 06053014110 in Toro Park?

Homecastr forecasts median home values at $1,096,471 currently, with a 5-year expected change of 12.4%.

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Parcel 06053014110 (Toro Park) Home Price Forecast | Homecastr

Parcel 06053014110, Toro Park Home Price Forecast

Monterey, CA · ZIP 93908 · Census Tract 06053014110 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$1.10M

Downside (P10)

$946K

-14% by 2030

Base Case (P50)

$1.23M

+12% by 2030

Upside (P90)

$1.47M

+34% by 2030

Base case: +12% by 2030, with a forecast range from -14% to +34%. The model forecasts this with 77% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2020	2021	2022	2023	2024	2026	2027	2028	2029
Median Value	$792K	$824K	$944K	$1.1M	$1.1M	$1.1M	$1.1M	$1.2M	$1.2M
Growth $ vs 2026	-$304,371	-$272,771	-$152,671	-$29,171	-$21,071		+$39,955	+$64,255	+$135,797
Growth % vs 2026	-27.8%	-24.9%	-13.9%	-2.7%	-1.9%		+3.6%	+5.9%	+12.4%
Downside (P10)							$927K	$978K	$946K
Upside (P90)							$1.3M	$1.5M	$1.5M

Forecast Confidence

77%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. The confidence profile stays fairly consistent across the horizon.

Near-term band

$927K to $1.3M

32.1% of median

Long-horizon band

$946K to $1.5M

42.6% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +12.4% · Spread: 43%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 06053014110, Toro Park on map

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Forecasts are probabilistic model outputs, not guarantees. The model uses historical data and economic indicators; it does not observe property-specific conditions. This is not financial, investment, or real estate advice. Learn more about our methodology.

Methodology & Data Sources

Model

Homecastr World Model (Schrödinger Bridge v12)

Forecast Horizon

2027 to 2030

Schema Version

forecast_queue

Citation

Hardesty Lewis, D. (2026). Homecastr Home Price Forecast. Retrieved from homecastr.com.

Data Sources

U.S. Census Bureau. American Community Survey (ACS), 5-Year Estimates, Table B25077 (Median Home Value), Census Tract level.
U.S. Census Bureau. TIGER/Line Shapefiles, Census Tract and ZCTA boundaries.
Federal Reserve Bank of St. Louis (FRED). 30-Year Fixed Rate Mortgage Average (MORTGAGE30US), Unemployment Rate (UNRATE), Consumer Price Index (CPIAUCSL).