Loading forecast data...
Ready to see your forecast?
Look up a home and see where its value may be headed over the next five years.
Loading forecast data...
Look up a home and see where its value may be headed over the next five years.
Penobscot, ME · ZIP 04932 · Census Tract 23019012500 · 2027–2030 outlook
Current modeled value
$214K
Downside (P10)
$170K
-20% by 2030
Base Case (P50)
$216K
+1% by 2030
Upside (P90)
$306K
+43% by 2030
Base case: +1% by 2030, with a forecast range from -20% to +43%. The model forecasts this with 65% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $137K | $130K | $137K | $139K | $135K | $136K | $149K | $157K | $183K | $199K | $214K | $216K | $222K | $216K | $208K |
| YoY Change | -5.4% | +5.2% | +1.8% | -3.2% | +1.0% | +9.3% | +5.5% | +16.8% | +8.6% | +7.6% | +1.1% | +2.7% | -2.8% | -3.8% | |
| Downside (P10) | $175K | $179K | $170K | $186K | |||||||||||
| Upside (P90) | $267K | $281K | $306K | $234K |
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
$175K to $267K
42.7% of median
5-Year Spread
$186K to $234K
23.0% 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 |
|---|---|---|---|---|
| Dixmont area | $205K | $216K | +5.5% | |
| Bangor (Tract 000600) | $225K | $257K | +14.0% | |
| Bangor (Tract 000500) | $206K | $230K | +11.6% | |
| Orono | $199K | $216K | +8.8% | |
| Brewer (Tract 004100) | $196K | $211K | +7.8% | |
| Brewer (Tract 004200) | $231K | $244K | +5.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Dixmont area | $205K | $216K | +5.5% | |
| Woodville area | $115K | $132K | +14.3% | |
| Bangor | $225K | $257K | +14.0% | |
| Newburgh | $255K | $290K | +13.9% | |
| Orono | $319K | $363K | +13.5% | |
| Burlington area | $149K | $168K | +12.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Dixmont area | $205K | $216K | $136K | |
| North Penobscot | $150K | $162K | $68K | |
| Millinocket | $106K | $117K | $55K | |
| Penobscot Indian Island area | $92K | $99K | $51K | |
| Webster area | $101K | $108K | $50K | |
| East Millinocket | $87K | $89K | $50K |
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.