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Erie, PA · ZIP 16426 · Census Tract 42049010301 · 2027–2030 outlook
Current modeled value
$247K
Downside (P10)
$192K
-22% by 2030
Base Case (P50)
$254K
+3% by 2030
Upside (P90)
$332K
+34% by 2030
Base case: +3% by 2030, with a forecast range from -22% to +34%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $152K | $154K | $160K | $162K | $168K | $171K | $190K | $212K | $237K | $239K | $247K | $250K | $258K | $254K |
| YoY Change | +1.2% | +4.0% | +1.4% | +3.6% | +1.8% | +10.7% | +11.9% | +11.5% | +0.8% | +3.6% | +1.2% | +3.4% | -1.7% | |
| Downside (P10) | $197K | $190K | $192K | |||||||||||
| Upside (P90) | $283K | $315K | $332K |
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
$197K to $283K
34.5% of median
5-Year Spread
$192K to $332K
55.4% 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 |
|---|---|---|---|---|
| McKean | $240K | $254K | +6.0% | |
| Millcreek (Tract 011102) | $248K | $284K | +14.4% | |
| Harborcreek | $240K | $257K | +7.3% | |
| Summit | $247K | $255K | +3.0% | |
| Millcreek (Tract 011001) | $243K | $249K | +2.7% | |
| Millcreek (Tract 011101) | $241K | $245K | +1.7% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| McKean | $240K | $254K | +6.0% | |
| 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 |
|---|---|---|---|---|
| McKean | $240K | $254K | $141K | |
| 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.