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New Orleans, LA · ZIP 70119 · Census Tract 22071006500 · 2027–2030 outlook
Current modeled value
$425K
Downside (P10)
$296K
-30% by 2030
Base Case (P50)
$436K
+3% by 2030
Upside (P90)
$595K
+40% by 2030
Base case: +3% by 2030, with a forecast range from -30% to +40%. The model forecasts this with 62% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $233K | $241K | $252K | $304K | $315K | $280K | $421K | $436K | $395K | $410K | $425K | $433K | $438K | $436K | $426K |
| YoY Change | +3.4% | +4.6% | +20.8% | +3.5% | -11.1% | +50.5% | +3.6% | -9.4% | +3.8% | +3.5% | +1.9% | +1.3% | -0.5% | -2.4% | |
| Downside (P10) | $314K | $301K | $296K | $377K | |||||||||||
| Upside (P90) | $507K | $552K | $595K | $481K |
The forecast range is very tight for this market, indicating strong model confidence. Near-term outcomes are constrained and remain highly predictable through the full horizon.
1-Year Spread
$314K to $507K
44.6% of median
5-Year Spread
$377K to $481K
24.4% 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 |
|---|---|---|---|---|
| New Orleans | $415K | $436K | +5.1% | |
| New Orleans (Tract 010200) | $428K | $492K | +15.0% | |
| New Orleans (Tract 003301) | $402K | $436K | +8.5% | |
| New Orleans (Tract 003900) | $441K | $465K | +5.4% | |
| New Orleans (Tract 012400) | $435K | $456K | +4.9% | |
| New Orleans (Tract 012300) | $439K | $448K | +2.0% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| New Orleans | $415K | $436K | +5.1% | |
| New Orleans (Tract 011900) | $664K | $789K | +18.7% | |
| New Orleans (Tract 008800) | $496K | $582K | +17.2% | |
| New Orleans (Tract 009000) | $720K | $834K | +15.8% | |
| New Orleans (Tract 013800) | $316K | $366K | +15.6% | |
| New Orleans (Tract 004600) | $596K | $686K | +15.1% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| New Orleans | $415K | $436K | $299K | |
| New Orleans (Tract 000605) | $133K | $144K | $79K | |
| New Orleans (Tract 001757) | $154K | $163K | $79K | |
| New Orleans (Tract 000602) | $142K | $148K | $79K | |
| New Orleans (Tract 000902) | $96K | $108K | $76K | |
| New Orleans (Tract 000901) | $122K | $127K | $73K |
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.