What is the home price forecast for Parcel 09130630102 in Essex Village?

Homecastr forecasts median home values at $809,050 currently, with a 5-year expected change of 4.4%.

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Parcel 09130630102 (Essex Village) Home Price Forecast | Homecastr

Parcel 09130630102, Essex Village Home Price Forecast

Lower Connecticut River Valley, CT · Census Tract 09130630102 · 2027–2030 outlook

Current modeled value

$809K

Downside (P10)

$697K

-14% by 2030

Base Case (P50)

$844K

+4% by 2030

Upside (P90)

$1.06M

+31% by 2030

Base case: +4% by 2030, with a forecast range from -14% to +31%. The model forecasts this with 76% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2022	2023	2024	2026	2027	2028	2029
Median Value	$709K	$748K	$763K	$809K	$819K	$848K	$844K
YoY Change		+5.5%	+2.0%	+6.0%	+1.2%	+3.5%	-0.4%
Downside (P10)					$714K	$682K	$697K
Upside (P90)					$942K	$982K	$1.1M

Forecast Confidence

76%

Moderate Confidence

The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.

1-Year Spread

$714K to $942K

27.8% of median

5-Year Spread

$697K to $1.06M

43.3% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +4.4% · Spread: 43%

·The forecast implies relatively stable values through the full horizon, with modest movements in either direction.
·The base case is supported by stable local demand and a moderate medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 09130630102, Essex Village 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).