Loading forecast data...
Loading forecast data...
Memphis, TN · ZIP 38116 · Census Tract 47157022121 · 2027–2030 outlook
Current modeled value
$185K
Downside (P10)
$167K
-10% by 2030
Base Case (P50)
$212K
+15% by 2030
Upside (P90)
$287K
+55% by 2030
Base case: +15% by 2030, with a forecast range from -10% to +55%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $124K | $115K | $115K | $112K | $113K | $111K | $123K | $137K | $164K | $174K | $185K | $189K | $196K | $212K | $183K |
| YoY Change | -7.3% | +0.0% | -2.6% | +0.6% | -1.9% | +11.5% | +10.8% | +19.7% | +6.5% | +6.3% | +1.9% | +3.9% | +8.2% | -13.8% | |
| Downside (P10) | $163K | $165K | $167K | $162K | |||||||||||
| Upside (P90) | $223K | $244K | $287K | $205K |
The forecast range is very tight for this market, indicating strong model confidence. Near-term outcomes are constrained and remain highly predictable through the full horizon.
1-Year Spread
$163K to $223K
31.9% of median
5-Year Spread
$162K to $205K
23.7% 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 |
|---|---|---|---|---|
| Memphis · 38116 · (Tract 221.21) | $179K | $212K | +18.5% | |
| 13 | $184K | $213K | +15.7% | |
| 1 | $182K | $194K | +7.1% | |
| Memphis (Tract 020542) | $190K | $211K | +11.2% | |
| Memphis (Tract 002100) | $178K | $194K | +9.0% | |
| Memphis (Tract 010720) | $177K | $180K | +1.3% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Memphis · 38116 · (Tract 221.21) | $179K | $212K | +18.5% | |
| 1 area | $157K | $187K | +19.3% | |
| Memphis (Tract 022322) | $112K | $134K | +19.2% | |
| Memphis (Tract 022122) | $121K | $144K | +19.0% | |
| Memphis (Tract 007810) | $77K | $91K | +17.4% | |
| Memphis (Tract 021139) | $430K | $502K | +16.9% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Memphis · 38116 · (Tract 221.21) | $179K | $212K | $120K | |
| Memphis (Tract 009902) | $59K | $60K | $25K | |
| Memphis (Tract 011100) | $61K | $63K | $29K |
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.