What is the home price forecast for Parcel 51087200806 in Fairfield · Richmond · (Tract 2008.6)?

Homecastr forecasts median home values at $215,545 currently, with a 5-year expected change of 8.6%.

What is the home price forecast for Parcel 51087200806 in Fairfield · Richmond · (Tract 2008.6)?

Homecastr forecasts median home values at $215,545 currently, with a 5-year expected change of 8.6%.

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Parcel 51087200806 (Fairfield) Home Price Forecast | Homecastr

Parcel 51087200806, Fairfield · Richmond · (Tract 2008.6) Home Price Forecast

Henrico, VA · ZIP 23227 · Census Tract 51087200806 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$216K

Downside (P10)

$196K

-9% by 2030

Base Case (P50)

$234K

+9% by 2030

Upside (P90)

$309K

+43% by 2030

Base case: +9% by 2030, with a forecast range from -9% to +43%. The model forecasts this with 73% 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	$155K	$166K	$186K	$202K	$214K	$216K	$221K	$222K	$234K
Growth $ vs 2026	-$60,245	-$49,945	-$29,845	-$13,945	-$1,745		+$5,671	+$6,423	+$18,566
Growth % vs 2026	-28.0%	-23.2%	-13.8%	-6.5%	-0.8%		+2.6%	+3.0%	+8.6%
Downside (P10)							$195K	$200K	$196K
Upside (P90)							$254K	$284K	$309K

Forecast Confidence

73%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.

Near-term band

$195K to $254K

26.7% of median

Long-horizon band

$196K to $309K

48.4% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +8.6% · Spread: 48%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·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 51087200806, Fairfield · Richmond · (Tract 2008.6) 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).