What is the home price forecast for Parcel 18121030402 in Raccoon area?

Homecastr forecasts median home values at $173,496 currently, with a 5-year expected change of 4.5%.

What is the home price forecast for Parcel 18121030402 in Raccoon area?

Homecastr forecasts median home values at $173,496 currently, with a 5-year expected change of 4.5%.

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Parcel 18121030402 (Raccoon area) Home Price Forecast | Homecastr

Parcel 18121030402, Raccoon area Home Price Forecast

Parke, IN · ZIP 47872 · Census Tract 18121030402 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$173K

Downside (P10)

$138K

-21% by 2030

Base Case (P50)

$181K

+5% by 2030

Upside (P90)

$227K

+31% by 2030

Base case: +5% by 2030, with a forecast range from -21% to +31%. The model forecasts this with 73% 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	$86K	$106K	$112K	$177K	$168K	$173K	$176K	$179K	$181K
Growth $ vs 2026	-$87,396	-$67,196	-$61,596	+$3,404	-$5,796		+$2,665	+$5,585	+$7,867
Growth % vs 2026	-50.4%	-38.7%	-35.5%	+2.0%	-3.3%		+1.5%	+3.2%	+4.5%
Downside (P10)							$144K	$148K	$138K
Upside (P90)							$193K	$217K	$227K

Forecast Confidence

73%

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

$144K to $193K

28.0% of median

Long-horizon band

$138K to $227K

49.0% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +4.5% · Spread: 49%

·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 18121030402, Raccoon area 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).