What is the home price forecast for Parcel 51550021303 in Chesapeake · 23323 · (Tract 213.3)?

Homecastr forecasts median home values at $424,960 currently, with a 5-year expected change of 6.8%.

What is the home price forecast for Parcel 51550021303 in Chesapeake · 23323 · (Tract 213.3)?

Homecastr forecasts median home values at $424,960 currently, with a 5-year expected change of 6.8%.

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Parcel 51550021303 (Chesapeake) Home Price Forecast | Homecastr

Parcel 51550021303, Chesapeake · 23323 · (Tract 213.3) Home Price Forecast

Chesapeake, VA · ZIP 23323 · Census Tract 51550021303 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$425K

Downside (P10)

$367K

-14% by 2030

Base Case (P50)

$454K

+7% by 2030

Upside (P90)

$625K

+47% by 2030

Base case: +7% by 2030, with a forecast range from -14% to +47%. The model forecasts this with 69% 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	$279K	$283K	$354K	$378K	$417K	$425K	$437K	$454K	$454K
Growth $ vs 2026	-$145,560	-$142,260	-$71,460	-$46,760	-$7,960		+$12,396	+$28,859	+$29,089
Growth % vs 2026	-34.3%	-33.5%	-16.8%	-11.0%	-1.9%		+2.9%	+6.8%	+6.8%
Downside (P10)							$346K	$359K	$367K
Upside (P90)							$558K	$607K	$625K

Forecast Confidence

69%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. The confidence profile stays fairly consistent across the horizon.

Near-term band

$346K to $558K

48.5% of median

Long-horizon band

$367K to $625K

56.8% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +6.8% · Spread: 57%

·The base case is supported by stable local demand and a moderate medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 51550021303, Chesapeake · 23323 · (Tract 213.3) 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).