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Montgomery, MD · ZIP 20902 · Census Tract 24031704000 · 2027–2030 outlook
Current modeled value
$535K
Downside (P10)
$448K
-16% by 2030
Base Case (P50)
$602K
+12% by 2030
Upside (P90)
$778K
+45% by 2030
Base case: +12% by 2030, with a forecast range from -16% to +45%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $358K | $379K | $395K | $407K | $428K | $434K | $479K | $513K | $560K | $532K | $535K | $560K | $572K | $602K |
| YoY Change | +5.7% | +4.2% | +3.1% | +5.2% | +1.4% | +10.3% | +7.1% | +9.1% | -5.0% | +0.7% | +4.7% | +2.1% | +5.1% | |
| Downside (P10) | $429K | $463K | $448K | |||||||||||
| Upside (P90) | $678K | $721K | $778K |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$429K to $678K
44.4% of median
5-Year Spread
$448K to $778K
54.8% of median
Use these nearby areas to compare price level, upside potential, and forecast risk.
Areas with the most similar current median values
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| 13 · Silver Spring · (Tract 7040) | $530K | $602K | +13.6% | |
| Silver Spring (Tract 702101) | $528K | $608K | +15.3% | |
| Gaithersburg | $541K | $603K | +11.5% | |
| Silver Spring (Tract 701601) | $537K | $586K | +9.0% | |
| Wheaton | $543K | $590K | +8.7% | |
| Olney | $528K | $549K | +4.0% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| 13 · Silver Spring · (Tract 7040) | $530K | $602K | +13.6% | |
| 2 | $734K | $892K | +21.5% | |
| Silver Spring | $504K | $611K | +21.2% | |
| Aspen Hill (Tract 703213) | $278K | $333K | +19.6% | |
| Aspen Hill (Tract 703220) | $391K | $466K | +19.3% | |
| Leisure World | $291K | $345K | +18.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| 13 · Silver Spring · (Tract 7040) | $530K | $602K | $330K | |
| Germantown | $341K | $381K | $162K | |
| 9 | $392K | $421K | $162K | |
| Montgomery Village | $221K | $231K | $152K | |
| Leisure World | $241K | $250K | $135K | |
| Gaithersburg | $167K | $182K | $92K |
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.
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
Deep dive into property-level home price forecasts for parcels in this area.