What is the home price forecast for Tract 502503?

Homecastr forecasts Tract 502503 median home values at $1,363,068 currently, with a 5-year expected change of -4.5%.

How confident is the Tract 502503 forecast?

The 5-year forecast range spans from $1,052,193 (downside) to $1,721,075 (upside), with a spread of 51% of median.

Tract 502503 Home Price Forecast

County 31346, NE · Census Tract 31346502503 · 2027–2030 outlook

Current modeled value

$1.36M

Downside (P10)

$1.05M

-23% by 2030

Base Case (P50)

$1.30M

-5% by 2030

Upside (P90)

$1.72M

+26% by 2030

Base case: -5% by 2030, with a forecast range from -23% to +26%. Uncertainty is narrow relative to similar County 31346 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$1.4M	$1.4M	$1.4M	$1.3M	$1.3M
YoY Change		+3.8%	-3.6%	-2.3%	-2.3%
Downside (P10)		$1.2M	$1.2M	$1.1M	$1.1M
Upside (P90)		$1.6M	$1.6M	$1.7M	$1.7M

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

$1.27M to $1.46M

14.3% of median

5-Year Spread

$1.05M to $1.72M

51.4% of median

Interpretation

Homecastr outlook: mild decline expected5yr expected: -4.5% · Spread: 51%

·The forecast implies relatively stable values through the full horizon, with modest movements in either direction.
·The model sees some downside pressure from rate sensitivity and local supply dynamics.
·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 014321	$1.35M	$1.87M	+38.6%
Tract 502422	$1.34M	$1.24M	-8.0%
Tract 503803	$1.34M	$1.34M	+0.5%
Tract 003743	$1.32M	$1.02M	-22.6%
Tract 502749	$1.44M	$1.40M	-3.1%

Stronger Appreciation Potential

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

Area	Current Value	5yr Expected	5yr Change
Tract 021466	$71K	$114K	+60.3%
Tract 021547	$71K	$112K	+58.8%
Tract 021628	$66K	$103K	+56.1%
Tract 018903	$56K	$87K	+54.6%
Tract 018806	$59K	$91K	+53.3%

Location

Tract 502503 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).