What is the home price forecast for Tract 120008?

Homecastr forecasts Tract 120008 median home values at $702,148 currently, with a 5-year expected change of -4.1%.

How confident is the Tract 120008 forecast?

The 5-year forecast range spans from $357,329 (downside) to $1,237,974 (upside), with a spread of 131% of median.

Tract 120008 Home Price Forecast

County 21864, KY · Census Tract 21864120008 · 2027–2030 outlook

Current modeled value

$702K

Downside (P10)

$357K

-49% by 2030

Base Case (P50)

$674K

-4% by 2030

Upside (P90)

$1.24M

+76% by 2030

Base case: -4% by 2030, with a forecast range from -49% to +76%. Uncertainty is wide relative to similar County 21864 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$702K	$728K	$679K	$636K	$674K
YoY Change		+3.8%	-6.7%	-6.4%	+5.9%
Downside (P10)		$465K	$409K	$359K	$357K
Upside (P90)		$1.1M	$1.0M	$1.2M	$1.2M

Forecast Uncertainty

Narrow rangeWide range

The forecast range is wider than average for this market. Uncertainty is moderate near-term but expands significantly by 2030 — outcomes could vary meaningfully.

1-Year Spread

$546K to $945K

56.8% of median

5-Year Spread

$357K to $1.24M

130.7% of median

Interpretation

Homecastr outlook: mild decline expected5yr expected: -4.1% · Spread: 131%

·The forecast implies relatively stable values through the full horizon, with modest movements in either direction.
·The model sees some downside pressure from rate sensitivity and local supply dynamics.
·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 600007	$707K	$666K	-5.8%
Tract 320002	$765K	$709K	-7.4%
Tract 400003	$773K	$778K	+0.7%

Stronger Appreciation Potential

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

Area	Current Value	5yr Expected	5yr Change
Tract 400003	$773K	$778K	+0.7%
Tract 600007	$707K	$666K	-5.8%
Tract 320002	$765K	$709K	-7.4%

Lower Risk Alternatives

Nearby areas with narrower forecast ranges (less uncertainty)

Area	Current Value	5yr Expected	Spread
Tract 600007	$707K	$666K	$925K
Tract 400003	$773K	$778K	$1.06M
Tract 320002	$765K	$709K	$1.26M

Location

Tract 120008 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).