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Monroe, FL · ZIP 33040 · Census Tract 12087972500 · 2027–2030 outlook
Current modeled value
$1.33M
Downside (P10)
$1.07M
-20% by 2030
Base Case (P50)
$1.40M
+5% by 2030
Upside (P90)
$1.82M
+36% by 2030
Base case: +5% by 2030, with a forecast range from -20% to +36%. The model forecasts this with 71% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $947K | $940K | $839K | $870K | $950K | $935K | $942K | $1.2M | $1.2M | $1.3M | $1.3M | $1.4M | $1.4M | $1.4M |
| YoY Change | -0.7% | -10.7% | +3.6% | +9.2% | -1.6% | +0.7% | +24.0% | +2.8% | +7.4% | +3.6% | +4.1% | +0.4% | +0.6% | |
| Downside (P10) | $1.1M | $1.1M | $1.1M | |||||||||||
| Upside (P90) | $1.6M | $1.7M | $1.8M |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$1.09M to $1.60M
36.9% of median
5-Year Spread
$1.07M to $1.82M
53.2% of median
Use these nearby areas to compare price level, upside potential, and forecast risk.
Areas with the most similar current median values
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Key West · 33040 · (Tract 9725) | $1.33M | $1.40M | +5.3% | |
| Key West (Tract 972800) | $1.21M | $1.38M | +14.6% | |
| Upper Keys (Tract 970900) | $999K | $1.12M | +11.8% | |
| Middle Keys | $1.08M | $1.20M | +11.0% | |
| Key West (Tract 972400) | $1.07M | $1.16M | +8.1% | |
| Upper Keys (Tract 970800) | $951K | $997K | +4.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Key West · 33040 · (Tract 9725) | $1.33M | $1.40M | +5.3% | |
| Middle Keys | $393K | $461K | +17.4% | |
| Lower Keys (Tract 971402) | $712K | $827K | +16.2% | |
| Key West (Tract 972800) | $1.21M | $1.38M | +14.6% | |
| Key West (Tract 971700) | $565K | $647K | +14.5% | |
| Lower Keys (Tract 971501) | $859K | $973K | +13.3% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Key West · 33040 · (Tract 9725) | $1.33M | $1.40M | $746K | |
| Key West | $565K | $647K | $387K | |
| Lower Keys | $623K | $651K | $332K | |
| Upper Keys (Tract 970700) | $624K | $683K | $310K | |
| Middle Keys | $393K | $461K | $273K | |
| Upper Keys (Tract 970400) | $503K | $522K | $233K |
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.
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
Deep dive into property-level home price forecasts for parcels in this area.