What is the home price forecast for Tract 720007?

Homecastr forecasts Tract 720007 median home values at $977,918 currently, with a 5-year expected change of 43.5%.

How confident is the Tract 720007 forecast?

The 5-year forecast range spans from $1,133,165 (downside) to $1,772,480 (upside), with a spread of 46% of median.

Tract 720007 Home Price Forecast

County 37110, NC · Census Tract 37110720007 · 2027–2030 outlook

Current modeled value

$978K

Downside (P10)

$1.13M

+16% by 2030

Base Case (P50)

$1.40M

+44% by 2030

Upside (P90)

$1.77M

+81% by 2030

Base case: +44% by 2030, with a forecast range from +16% to +81%. Uncertainty is narrow relative to similar County 37110 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$978K	$1.1M	$1.1M	$1.3M	$1.4M
YoY Change		+12.1%	+4.8%	+10.5%	+10.6%
Downside (P10)		$981K	$985K	$1.0M	$1.1M
Upside (P90)		$1.3M	$1.4M	$1.6M	$1.8M

Forecast Uncertainty

Narrow rangeWide range

The forecast range is narrow for this market. Near-term outcomes are relatively tight, though uncertainty widens modestly by 2030.

1-Year Spread

$919K to $1.08M

16.5% of median

5-Year Spread

$1.13M to $1.77M

45.5% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +43.5% · Spread: 46%

·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Comparable Alternatives

Use these nearby areas to compare price level, upside potential, and forecast risk.

Most Similar Neighborhoods

Areas with the most similar current median values

Area	Current Value	5yr Expected	5yr Change
Tract 080006	$684K	$865K	+26.5%
Tract 440002	$469K	$553K	+18.0%
Tract 120005	$233K	$318K	+36.9%

Stronger Appreciation Potential

Nearby areas where the model expects higher 5-year price growth

Area	Current Value	5yr Expected	5yr Change
Tract 120005	$233K	$318K	+36.9%
Tract 080006	$684K	$865K	+26.5%
Tract 440002	$469K	$553K	+18.0%

Lower Risk Alternatives

Nearby areas with narrower forecast ranges (less uncertainty)

Area	Current Value	5yr Expected	Spread
Tract 120005	$233K	$318K	$256K
Tract 080006	$684K	$865K	$463K
Tract 440002	$469K	$553K	$578K

Location

Tract 720007 on map

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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.

Methodology & Data Sources

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

U.S. Census Bureau. American Community Survey (ACS), 5-Year Estimates, Table B25077 (Median Home Value), Census Tract level.
U.S. Census Bureau. TIGER/Line Shapefiles, Census Tract and ZCTA boundaries.
Federal Reserve Bank of St. Louis (FRED). 30-Year Fixed Rate Mortgage Average (MORTGAGE30US), Unemployment Rate (UNRATE), Consumer Price Index (CPIAUCSL).