What is the home price forecast for Parcel 12009064702 in Melbourne · 32901 · (Tract 647.2)?

Homecastr forecasts median home values at $41,968 currently, with a 5-year expected change of 7.2%.

What is the home price forecast for Parcel 12009064702 in Melbourne · 32901 · (Tract 647.2)?

Homecastr forecasts median home values at $41,968 currently, with a 5-year expected change of 7.2%.

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Parcel 12009064702 (Melbourne) Home Price Forecast | Homecastr

Parcel 12009064702, Melbourne · 32901 · (Tract 647.2) Home Price Forecast

Brevard, FL · ZIP 32901 · Census Tract 12009064702 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$42K

Downside (P10)

$34K

-19% by 2030

Base Case (P50)

$45K

+7% by 2030

Upside (P90)

$57K

+36% by 2030

Base case: +7% by 2030, with a forecast range from -19% to +36%. The model forecasts this with 72% 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	$28K	$32K	$34K	$37K	$39K	$42K	$42K	$44K	$45K
Growth $ vs 2026	-$14,468	-$9,668	-$8,368	-$4,868	-$3,368		-$314	+$1,640	+$3,024
Growth % vs 2026	-34.5%	-23.0%	-19.9%	-11.6%	-8.0%		-0.7%	+3.9%	+7.2%
Downside (P10)							$36K	$35K	$34K
Upside (P90)							$48K	$53K	$57K

Forecast Confidence

72%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.

Near-term band

$36K to $48K

29.8% of median

Long-horizon band

$34K to $57K

51.6% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +7.2% · Spread: 52%

·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 12009064702, Melbourne · 32901 · (Tract 647.2) 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).