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Look up a home and see where its value may be headed over the next five years.
Hancock, ME · ZIP 04685 · Census Tract 23009966200 · 2027–2030 outlook
Current modeled value
$402K
Downside (P10)
$329K
-18% by 2030
Base Case (P50)
$435K
+8% by 2030
Upside (P90)
$594K
+48% by 2030
Base case: +8% by 2030, with a forecast range from -18% to +48%. The model forecasts this with 67% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $245K | $248K | $260K | $274K | $274K | $251K | $278K | $309K | $340K | $384K | $402K | $405K | $417K | $435K | $397K |
| YoY Change | +0.9% | +4.8% | +5.6% | -0.0% | -8.6% | +10.9% | +11.2% | +10.0% | +12.8% | +4.8% | +0.8% | +3.0% | +4.3% | -8.8% | |
| Downside (P10) | $350K | $342K | $329K | $355K | |||||||||||
| Upside (P90) | $482K | $526K | $594K | $456K |
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
$350K to $482K
32.5% of median
5-Year Spread
$355K to $456K
25.6% 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 |
|---|---|---|---|---|
| Swans Island area | $401K | $435K | +8.4% | |
| Penobscot | $412K | $455K | +10.5% | |
| Dedham area | $348K | $373K | +7.1% | |
| Blue Hill | $362K | $385K | +6.4% | |
| Sedgwick area | $361K | $380K | +5.1% | |
| Cranberry Isles area | $434K | $448K | +3.3% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Swans Island area | $401K | $435K | +8.4% | |
| Gouldsboro | $264K | $307K | +16.3% | |
| Bucksport | $253K | $290K | +14.6% | |
| Ellsworth | $238K | $269K | +12.9% | |
| Orland | $276K | $306K | +10.9% | |
| Penobscot | $412K | $455K | +10.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Swans Island area | $401K | $435K | $265K | |
| Ellsworth (Tract 965503) | $238K | $269K | $144K | |
| Gouldsboro | $264K | $307K | $142K | |
| Orland | $276K | $306K | $130K | |
| East Hancock area | $229K | $250K | $114K | |
| Ellsworth (Tract 965504) | $248K | $247K | $101K |
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.