What is the home price forecast for Parcel 12009065024 in West Melbourne · Melbourne · (Tract 650.24)?

Homecastr forecasts median home values at $395,375 currently, with a 5-year expected change of 8.2%.

What is the home price forecast for Parcel 12009065024 in West Melbourne · Melbourne · (Tract 650.24)?

Homecastr forecasts median home values at $395,375 currently, with a 5-year expected change of 8.2%.

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Parcel 12009065024 (West Melbourne) Home Price Forecast | Homecastr

Parcel 12009065024, West Melbourne · Melbourne · (Tract 650.24) Home Price Forecast

Brevard, FL · ZIP 32904 · Census Tract 12009065024 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$395K

Downside (P10)

$317K

-20% by 2030

Base Case (P50)

$428K

+8% by 2030

Upside (P90)

$506K

+28% by 2030

Base case: +8% by 2030, with a forecast range from -20% to +28%. The model forecasts this with 76% 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	$244K	$253K	$302K	$357K	$384K	$395K	$404K	$419K	$428K
Growth $ vs 2026	-$151,475	-$142,775	-$93,375	-$38,075	-$11,175		+$8,214	+$23,813	+$32,301
Growth % vs 2026	-38.3%	-36.1%	-23.6%	-9.6%	-2.8%		+2.1%	+6.0%	+8.2%
Downside (P10)							$325K	$322K	$317K
Upside (P90)							$458K	$505K	$506K

Forecast Confidence

76%

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

$325K to $458K

33.0% of median

Long-horizon band

$317K to $506K

44.3% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +8.2% · Spread: 44%

·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 12009065024, West Melbourne · Melbourne · (Tract 650.24) 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).