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Look up a home and see where its value may be headed over the next five years.
Penobscot, ME · ZIP 04448 · Census Tract 23019028500 · 2027–2030 outlook
Current modeled value
$152K
Downside (P10)
$121K
-20% by 2030
Base Case (P50)
$155K
+2% by 2030
Upside (P90)
$205K
+35% by 2030
Base case: +2% by 2030, with a forecast range from -20% to +35%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $87K | $90K | $93K | $88K | $84K | $88K | $90K | $100K | $109K | $151K | $152K | $152K | $158K | $155K |
| YoY Change | +2.5% | +3.8% | -5.5% | -4.4% | +5.2% | +1.2% | +11.3% | +9.6% | +38.5% | +0.5% | -0.1% | +4.1% | -1.7% | |
| Downside (P10) | $130K | $123K | $121K | |||||||||||
| Upside (P90) | $181K | $194K | $205K |
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
$130K to $181K
34.1% of median
5-Year Spread
$121K to $205K
53.7% 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 |
|---|---|---|---|---|
| Maxfield area | $153K | $155K | +1.7% | |
| Burlington area | $149K | $168K | +12.5% | |
| Lincoln | $146K | $159K | +8.8% | |
| North Penobscot | $150K | $162K | +7.6% | |
| Lagrange area | $158K | $167K | +5.6% | |
| Bangor | $163K | $169K | +4.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Maxfield area | $153K | $155K | +1.7% | |
| 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 |
|---|---|---|---|---|
| Maxfield area | $153K | $155K | $83K | |
| 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.