What is the home price forecast for Parcel 21151010301 in Richmond · 40475 · (Tract 103.1)?

Homecastr forecasts median home values at $241,228 currently, with a 5-year expected change of 3.1%.

What is the home price forecast for Parcel 21151010301 in Richmond · 40475 · (Tract 103.1)?

Homecastr forecasts median home values at $241,228 currently, with a 5-year expected change of 3.1%.

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Parcel 21151010301 (Richmond) Home Price Forecast | Homecastr

Parcel 21151010301, Richmond · 40475 · (Tract 103.1) Home Price Forecast

Madison, KY · ZIP 40475 · Census Tract 21151010301 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$241K

Downside (P10)

$190K

-21% by 2030

Base Case (P50)

$249K

+3% by 2030

Upside (P90)

$338K

+40% by 2030

Base case: +3% by 2030, with a forecast range from -21% to +40%. The model forecasts this with 67% 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	$177K	$181K	$207K	$228K	$239K	$241K	$243K	$246K	$249K
Growth $ vs 2026	-$64,628	-$60,728	-$34,128	-$13,328	-$2,428		+$1,336	+$5,122	+$7,450
Growth % vs 2026	-26.8%	-25.2%	-14.1%	-5.5%	-1.0%		+0.6%	+2.1%	+3.1%
Downside (P10)							$206K	$199K	$190K
Upside (P90)							$283K	$321K	$338K

Forecast Confidence

67%

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

$206K to $283K

31.8% of median

Long-horizon band

$190K to $338K

59.6% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +3.1% · Spread: 60%

·The forecast implies relatively stable values through the full horizon, with modest movements in either direction.
·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 21151010301, Richmond · 40475 · (Tract 103.1) 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).