What is the home price forecast for Tract 702062?

Homecastr forecasts Tract 702062 median home values at $760,072 currently, with a 5-year expected change of 3.5%.

How confident is the Tract 702062 forecast?

The 5-year forecast range spans from $645,061 (downside) to $945,462 (upside), with a spread of 38% of median.

Tract 702062 Home Price Forecast

County 22670, LA · Census Tract 22670702062 · 2027–2030 outlook

Current modeled value

$760K

Downside (P10)

$645K

-15% by 2030

Base Case (P50)

$786K

+3% by 2030

Upside (P90)

$945K

+24% by 2030

Base case: +3% by 2030, with a forecast range from -15% to +24%. Uncertainty is narrow relative to similar County 22670 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$760K	$802K	$765K	$750K	$786K
YoY Change		+5.5%	-4.6%	-2.0%	+4.9%
Downside (P10)		$702K	$644K	$593K	$645K
Upside (P90)		$940K	$916K	$918K	$945K

Forecast Uncertainty

Narrow rangeWide range

The forecast range is narrow for this market. Near-term outcomes are relatively tight, though uncertainty widens modestly by 2030.

1-Year Spread

$673K to $864K

25.2% of median

5-Year Spread

$645K to $945K

38.2% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +3.5% · Spread: 38%

·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.

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 701584	$758K	$787K	+3.9%
Tract 702305	$753K	$780K	+3.6%
Tract 900783	$770K	$960K	+24.7%
Tract 701102	$750K	$762K	+1.6%
Tract 701607	$739K	$790K	+6.9%

Stronger Appreciation Potential

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

Area	Current Value	5yr Expected	5yr Change
Tract 900327	$496K	$823K	+66.0%
Tract 692826	$416K	$642K	+54.4%
Tract 693045	$418K	$636K	+52.4%
Tract 694882	$388K	$567K	+46.2%
Tract 900741	$567K	$826K	+45.7%

Lower Risk Alternatives

Nearby areas with narrower forecast ranges (less uncertainty)

Area	Current Value	5yr Expected	Spread
Tract 680045	$223K	$272K	$267K
Tract 702444	$718K	$738K	$318K
Tract 702606	$945K	$869K	$322K
Tract 701843	$719K	$772K	$325K

Location

Tract 702062 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).