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Erie, PA · ZIP 16438 · Census Tract 42049012001 · 2027–2030 outlook
Current modeled value
$189K
Downside (P10)
$158K
-16% by 2030
Base Case (P50)
$192K
+2% by 2030
Upside (P90)
$290K
+54% by 2030
Base case: +2% by 2030, with a forecast range from -16% to +54%. The model forecasts this with 62% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $121K | $117K | $123K | $132K | $139K | $145K | $146K | $164K | $169K | $183K | $189K | $185K | $187K | $192K |
| YoY Change | -3.4% | +5.8% | +6.8% | +5.6% | +3.9% | +1.0% | +12.4% | +3.0% | +8.5% | +2.9% | -2.0% | +1.3% | +2.7% | |
| Downside (P10) | $156K | $157K | $158K | |||||||||||
| Upside (P90) | $229K | $263K | $290K |
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
$156K to $229K
39.4% of median
5-Year Spread
$158K to $290K
68.7% 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 |
|---|---|---|---|---|
| Union area | $185K | $192K | +3.7% | |
| Millcreek (Tract 010700) | $189K | $200K | +6.0% | |
| Millcreek (Tract 010400) | $194K | $201K | +3.6% | |
| Millcreek (Tract 010800) | $196K | $222K | +13.0% | |
| Venango | $197K | $213K | +8.0% | |
| Elk Creek | $198K | $212K | +7.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Union area | $185K | $192K | +3.7% | |
| 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 |
|---|---|---|---|---|
| Union area | $185K | $192K | $132K | |
| Erie (Tract 001800) | $50K | $52K | $24K | |
| Erie (Tract 000400) | $60K | $65K | $32K | |
| Erie (Tract 001400) | $53K | $61K | $32K | |
| Erie (Tract 000500) | $60K | $64K | $33K |
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.