What is the home price forecast for Tract 000008?

Homecastr forecasts Tract 000008 median home values at $2,538,122 currently, with a 5-year expected change of -9.8%.

How confident is the Tract 000008 forecast?

The 5-year forecast range spans from $1,483,003 (downside) to $3,278,613 (upside), with a spread of 78% of median.

Tract 000008 Home Price Forecast

County 11185, DC · Census Tract 11185000008 · 2027–2030 outlook

Current modeled value

$2.54M

Downside (P10)

$1.48M

-42% by 2030

Base Case (P50)

$2.29M

-10% by 2030

Upside (P90)

$3.28M

+29% by 2030

Base case: -10% by 2030, with a forecast range from -42% to +29%. Uncertainty is typical relative to similar County 11185 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$2.5M	$2.6M	$2.4M	$2.3M	$2.3M
YoY Change		+1.7%	-5.6%	-5.5%	-0.6%
Downside (P10)		$2.0M	$1.7M	$1.5M	$1.5M
Upside (P90)		$3.2M	$3.2M	$3.2M	$3.3M

Forecast Uncertainty

Narrow rangeWide range

The forecast range is moderate for this market over this horizon. Near-term outcomes are relatively tight, but uncertainty widens meaningfully by 2030.

1-Year Spread

$2.21M to $2.92M

28.3% of median

5-Year Spread

$1.48M to $3.28M

78.5% of median

Interpretation

Homecastr outlook: mild decline expected5yr expected: -9.8% · Spread: 78%

·The model sees some downside pressure from rate sensitivity and local supply dynamics.

Comparable Alternatives

Use these nearby areas to compare price level, upside potential, and forecast risk.

Most Similar Neighborhoods

Areas with the most similar current median values

Area	Current Value	5yr Expected	5yr Change
Tract 080002	$2.11M	$1.86M	-11.6%
Tract 320005	$2.01M	$1.89M	-6.3%

Stronger Appreciation Potential

Nearby areas where the model expects higher 5-year price growth

Area	Current Value	5yr Expected	5yr Change
Tract 320005	$2.01M	$1.89M	-6.3%
Tract 080002	$2.11M	$1.86M	-11.6%

Lower Risk Alternatives

Nearby areas with narrower forecast ranges (less uncertainty)

Area	Current Value	5yr Expected	Spread
Tract 080002	$2.11M	$1.86M	$990K
Tract 320005	$2.01M	$1.89M	$1.20M

Location

Tract 000008 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).