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Norfolk, MA · ZIP 02481 · Census Tract 25021404201 · 2027–2030 outlook
Current modeled value
$2.09M
Downside (P10)
$1.90M
-9% by 2030
Base Case (P50)
$2.24M
+7% by 2030
Upside (P90)
$3.13M
+50% by 2030
Base case: +7% by 2030, with a forecast range from -9% to +50%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $1.2M | $1.4M | $1.4M | $1.4M | $1.5M | $1.5M | $1.7M | $1.9M | $2.0M | $2.0M | $2.1M | $2.2M | $2.2M | $2.2M |
| YoY Change | +9.9% | +1.3% | +3.0% | +2.5% | +5.4% | +7.8% | +17.8% | +2.6% | +0.0% | +4.4% | +3.6% | +2.2% | +1.4% | |
| Downside (P10) | $1.9M | $1.9M | $1.9M | |||||||||||
| Upside (P90) | $2.5M | $2.7M | $3.1M |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$1.90M to $2.55M
29.9% of median
5-Year Spread
$1.90M to $3.13M
54.8% 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 |
|---|---|---|---|---|
| Wellesley | $2.08M | $2.24M | +7.9% | |
| Brookline (Tract 401202) | $1.89M | $2.17M | +15.3% | |
| Brookline (Tract 400202) | $2.02M | $2.17M | +7.7% | |
| Brookline (Tract 401100) | $2.02M | $2.13M | +5.8% | |
| Brookline (Tract 400402) | $1.99M | $2.06M | +3.3% | |
| Wellesley | $1.94M | $1.98M | +2.0% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Wellesley | $2.08M | $2.24M | +7.9% | |
| Quincy | $658K | $784K | +19.2% | |
| Brookline | $1.26M | $1.50M | +18.8% | |
| Norwood | $650K | $763K | +17.4% | |
| Randolph Town | $556K | $651K | +17.1% | |
| Weymouth Town | $585K | $683K | +16.8% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Wellesley | $2.08M | $2.24M | $1.23M | |
| Plainville | $463K | $489K | $268K | |
| Weymouth Town | $502K | $565K | $264K | |
| Randolph Town (Tract 420102) | $464K | $491K | $243K | |
| Randolph Town (Tract 420101) | $489K | $515K | $221K | |
| Holbrook | $499K | $476K | $173K |
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.