What is the home price forecast for Parcel 12009065023 in Melbourne · 32904 · (Tract 650.23)?

Homecastr forecasts median home values at $241,615 currently, with a 5-year expected change of 12.3%.

What is the home price forecast for Parcel 12009065023 in Melbourne · 32904 · (Tract 650.23)?

Homecastr forecasts median home values at $241,615 currently, with a 5-year expected change of 12.3%.

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Parcel 12009065023 (Melbourne) Home Price Forecast | Homecastr

Parcel 12009065023, Melbourne · 32904 · (Tract 650.23) Home Price Forecast

Brevard, FL · ZIP 32904 · Census Tract 12009065023 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$242K

Downside (P10)

$191K

-21% by 2030

Base Case (P50)

$271K

+12% by 2030

Upside (P90)

$368K

+52% by 2030

Base case: +12% by 2030, with a forecast range from -21% to +52%. The model forecasts this with 64% 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	$166K	$219K	$270K	$272K	$239K	$242K	$252K	$258K	$271K
Growth $ vs 2026	-$76,015	-$23,115	+$28,585	+$29,885	-$2,215		+$10,264	+$16,007	+$29,721
Growth % vs 2026	-31.5%	-9.6%	+11.8%	+12.4%	-0.9%		+4.2%	+6.6%	+12.3%
Downside (P10)							$204K	$185K	$191K
Upside (P90)							$310K	$339K	$368K

Forecast Confidence

64%

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

$204K to $310K

41.9% of median

Long-horizon band

$191K to $368K

65.1% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +12.3% · Spread: 65%

·The base case is supported by strong local demand signals and a positive medium-term appreciation path.

Location

Parcel 12009065023, Melbourne · 32904 · (Tract 650.23) 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).