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Detroit, MI · ZIP 48124 · Census Tract 26163575100 · 2027–2030 outlook
Current modeled value
$184K
Downside (P10)
$152K
-17% by 2030
Base Case (P50)
$199K
+8% by 2030
Upside (P90)
$262K
+42% by 2030
Base case: +8% by 2030, with a forecast range from -17% to +42%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $80K | $84K | $104K | $122K | $125K | $127K | $136K | $154K | $161K | $176K | $184K | $193K | $197K | $199K |
| YoY Change | +4.8% | +23.9% | +17.9% | +1.8% | +1.6% | +7.1% | +13.6% | +4.6% | +9.1% | +4.6% | +4.9% | +2.0% | +1.1% | |
| Downside (P10) | $165K | $160K | $152K | |||||||||||
| Upside (P90) | $218K | $231K | $262K |
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
$165K to $218K
27.8% of median
5-Year Spread
$152K to $262K
54.9% 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 |
|---|---|---|---|---|
| Dearborn · 48124 · (Tract 5751) | $181K | $199K | +9.7% | |
| Detroit (Tract 516900) | $184K | $210K | +13.9% | |
| Romulus | $184K | $207K | +12.6% | |
| Southgate | $183K | $206K | +12.6% | |
| Taylor | $183K | $202K | +10.0% | |
| Detroit (Tract 538500) | $184K | $197K | +7.0% |
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.