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Look up a home and see where its value may be headed over the next five years.
Chesapeake, VA · ZIP 23324 · Census Tract 51550020600 · 2027–2030 outlook
Current modeled value
$285K
Downside (P10)
$263K
-8% by 2030
Base Case (P50)
$329K
+15% by 2030
Upside (P90)
$455K
+59% by 2030
Base case: +15% by 2030, with a forecast range from -8% to +59%. The model forecasts this with 68% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $176K | $185K | $185K | $183K | $189K | $191K | $194K | $228K | $246K | $270K | $285K | $294K | $306K | $329K |
| YoY Change | +4.9% | +0.0% | -0.8% | +3.0% | +1.1% | +1.6% | +17.6% | +7.7% | +10.0% | +5.5% | +3.1% | +4.1% | +7.4% | |
| Downside (P10) | $259K | $267K | $263K | |||||||||||
| Upside (P90) | $354K | $382K | $455K |
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
$259K to $354K
32.4% of median
5-Year Spread
$263K to $455K
58.2% 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 |
|---|---|---|---|---|
| Chesapeake | $280K | $329K | +17.5% | |
| Chesapeake (Tract 020003) | $287K | $313K | +9.0% | |
| Chesapeake (Tract 020903) | $285K | $310K | +8.8% | |
| Chesapeake (Tract 021403) | $279K | $300K | +7.7% | |
| Chesapeake (Tract 020500) | $283K | $299K | +5.6% | |
| Chesapeake (Tract 020912) | $279K | $294K | +5.5% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Chesapeake | $280K | $329K | +17.5% | |
| Chesapeake (Tract 021503) | $452K | $545K | +20.6% | |
| Chesapeake (Tract 021103) | $541K | $634K | +17.1% | |
| Chesapeake (Tract 020200) | $231K | $264K | +14.3% | |
| Chesapeake (Tract 021603) | $480K | $548K | +14.2% | |
| Chesapeake (Tract 020804) | $480K | $547K | +14.1% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Chesapeake | $280K | $329K | $191K | |
| Chesapeake (Tract 021602) | $248K | $276K | $126K | |
| Chesapeake (Tract 020809) | $249K | $259K | $123K | |
| Chesapeake (Tract 020100) | $234K | $247K | $122K | |
| Chesapeake (Tract 020905) | $262K | $284K | $115K | |
| Chesapeake (Tract 020700) | $209K | $207K | $114K |
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.