What is the home price forecast for Parcel 12009069907 in Merritt Island?

Homecastr forecasts median home values at $344,386 currently, with a 5-year expected change of 6.1%.

What is the home price forecast for Parcel 12009069907 in Merritt Island?

Homecastr forecasts median home values at $344,386 currently, with a 5-year expected change of 6.1%.

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Parcel 12009069907 (Merritt Island) Home Price Forecast | Homecastr

Parcel 12009069907, Merritt Island Home Price Forecast

Brevard, FL · ZIP 32953 · Census Tract 12009069907 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$344K

Downside (P10)

$296K

-14% by 2030

Base Case (P50)

$365K

+6% by 2030

Upside (P90)

$469K

+36% by 2030

Base case: +6% by 2030, with a forecast range from -14% to +36%. The model forecasts this with 74% 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	$185K	$211K	$226K	$294K	$325K	$344K	$354K	$360K	$365K
Growth $ vs 2026	-$159,086	-$133,186	-$118,686	-$50,286	-$19,886		+$9,553	+$15,864	+$20,848
Growth % vs 2026	-46.2%	-38.7%	-34.5%	-14.6%	-5.8%		+2.8%	+4.6%	+6.1%
Downside (P10)							$294K	$293K	$296K
Upside (P90)							$439K	$460K	$469K

Forecast Confidence

74%

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

$294K to $439K

40.9% of median

Long-horizon band

$296K to $469K

47.4% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +6.1% · Spread: 47%

·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 12009069907, Merritt Island 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).