What is the home price forecast for Parcel 41053005205 in Salem?

Homecastr forecasts median home values at $495,233 currently, with a 5-year expected change of 11.1%.

What is the home price forecast for Parcel 41053005205 in Salem?

Homecastr forecasts median home values at $495,233 currently, with a 5-year expected change of 11.1%.

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Parcel 41053005205 (Salem) Home Price Forecast | Homecastr

Parcel 41053005205, Salem Home Price Forecast

Polk, OR · ZIP 97304 · Census Tract 41053005205 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$495K

Downside (P10)

$415K

-16% by 2030

Base Case (P50)

$550K

+11% by 2030

Upside (P90)

$717K

+45% by 2030

Base case: +11% by 2030, with a forecast range from -16% to +45%. The model forecasts this with 70% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2020	2021	2022	2023	2024	2026	2027	2028	2029
Median Value	$305K	$341K	$409K	$456K	$487K	$495K	$512K	$530K	$550K
Growth $ vs 2026	-$190,433	-$154,633	-$86,733	-$39,533	-$8,033		+$16,742	+$34,624	+$54,881
Growth % vs 2026	-38.5%	-31.2%	-17.5%	-8.0%	-1.6%		+3.4%	+7.0%	+11.1%
Downside (P10)							$441K	$435K	$415K
Upside (P90)							$602K	$649K	$717K

Forecast Confidence

70%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.

Near-term band

$441K to $602K

31.4% of median

Long-horizon band

$415K to $717K

54.9% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +11.1% · Spread: 55%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·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.

Location

Parcel 41053005205, Salem 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).