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Erie, PA · ZIP 16508 · Census Tract 42049002300 · 2027–2030 outlook
Current modeled value
$105K
Downside (P10)
$92K
-12% by 2030
Base Case (P50)
$113K
+8% by 2030
Upside (P90)
$156K
+49% by 2030
Base case: +8% by 2030, with a forecast range from -12% to +49%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $83K | $84K | $83K | $83K | $85K | $90K | $87K | $99K | $102K | $104K | $105K | $107K | $114K | $113K |
| YoY Change | +1.2% | -1.1% | +0.1% | +2.9% | +5.5% | -3.0% | +13.9% | +2.4% | +2.5% | +0.8% | +1.8% | +6.5% | -0.5% | |
| Downside (P10) | $91K | $93K | $92K | |||||||||||
| Upside (P90) | $128K | $139K | $156K |
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
$91K to $128K
35.0% of median
5-Year Spread
$92K to $156K
56.4% 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 |
|---|---|---|---|---|
| Erie · 16508 · (Tract 23) | $105K | $113K | +8.0% | |
| Erie (Tract 001100) | $104K | $118K | +13.8% | |
| Erie (Tract 000300) | $106K | $115K | +9.4% | |
| Erie (Tract 002400) | $108K | $118K | +8.5% | |
| Erie (Tract 000901) | $105K | $111K | +6.3% | |
| Wesleyville | $110K | $114K | +3.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Erie · 16508 · (Tract 23) | $105K | $113K | +8.0% | |
| Erie (Tract 002600) | $110K | $129K | +17.3% | |
| Erie (Tract 000600) | $119K | $139K | +17.1% | |
| Erie (Tract 001400) | $53K | $61K | +15.2% | |
| Lawrence Park | $143K | $164K | +14.8% | |
| Wayne area | $154K | $176K | +14.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Erie · 16508 · (Tract 23) | $105K | $113K | $64K | |
| Erie (Tract 000500) | $60K | $64K | $33K | |
| Erie (Tract 001400) | $53K | $61K | $32K | |
| Erie (Tract 000400) | $60K | $65K | $32K | |
| Erie (Tract 001800) | $50K | $52K | $24K |
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.