What is the home price forecast for Tract 040545?

Homecastr forecasts Tract 040545 median home values at $458,902 currently, with a 5-year expected change of 19.4%.

How confident is the Tract 040545 forecast?

The 5-year forecast range spans from $303,416 (downside) to $1,024,905 (upside), with a spread of 132% of median.

What is the home price forecast for Tract 040545?

Homecastr forecasts Tract 040545 median home values at $458,902 currently, with a 5-year expected change of 19.4%.

How confident is the Tract 040545 forecast?

The 5-year forecast range spans from $303,416 (downside) to $1,024,905 (upside), with a spread of 132% of median.

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Tract 040545 Home Price Forecast | Homecastr

Tract 040545 Home Price Forecast

Prince Edward, VA · Census Tract 51147040545 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$459K

Downside (P10)

$303K

-34% by 2030

Base Case (P50)

$548K

+19% by 2030

Upside (P90)

$1.02M

+123% by 2030

Base case: +19% by 2030, with a forecast range from -34% to +123%. The model forecasts this with 28% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$459K	$486K	$495K	$514K	$548K
Growth $ vs 2026		+$27,298	+$35,853	+$55,586	+$89,253
Growth % vs 2026		+5.9%	+7.8%	+12.1%	+19.4%
Downside (P10)		$353K	$325K	$301K	$303K
Upside (P90)		$700K	$813K	$856K	$1.0M

Location

Tract 040545 on map

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Forecast Confidence

28%

Low Confidence

The upside and downside bands are unusually far apart. Treat the median path as one plausible case rather than a tight estimate.

Near-term band

$353K to $700K

71.4% of median

Long-horizon band

$303K to $1.0M

131.6% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +19.4% · Spread: 132%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The wider-than-average range suggests more uncertainty about the trajectory — consider both upside and downside scenarios.

Comparable Alternatives

Use these nearby areas to compare price level, upside potential, and forecast risk.

Most Similar Neighborhoods

Areas with the most similar current median values

Area	Current Value	5yr Expected	5yr Change
Tract 040545	$459K	$548K	+19.4%
Prince Edward (Tract 045922)	$457K	$574K	+25.7%
Prince Edward (Tract 013284)	$459K	$566K	+23.3%
Prince Edward (Tract 008529)	$455K	$556K	+22.3%
Prince Edward (Tract 001128)	$464K	$548K	+18.1%
Prince Edward (Tract 001584)	$455K	$507K	+11.5%

Stronger Appreciation Potential

Nearby areas where the model expects higher 5-year price growth

Area	Current Value	5yr Expected	5yr Change
Tract 040545	$459K	$548K	+19.4%
Prince Edward (Tract 045401)	$486K	$797K	+63.9%
Prince Edward (Tract 045485)	$472K	$720K	+52.8%
Prince Edward (Tract 045142)	$486K	$724K	+48.9%
Prince Edward (Tract 040723)	$489K	$711K	+45.4%
Prince Edward (Tract 000828)	$440K	$621K	+41.1%

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).