Penobscot, ME · ZIP 04493 · Census Tract 23019028000 · 2027–2030 outlook
Current modeled value
$188K
Downside (P10)
$156K
-17% by 2030
Base Case (P50)
$194K
+3% by 2030
Upside (P90)
$278K
+48% by 2030
Base case: +3% by 2030, with a forecast range from -17% to +48%. Uncertainty is typical relative to similar Penobscot markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $96K | $98K | $105K | $111K | $108K | $126K | $121K | $129K | $155K | $178K | $183K | $188K | $189K | $197K | $194K |
| YoY Change | +2.4% | +7.4% | +5.8% | -3.5% | +17.5% | -4.2% | +6.6% | +20.4% | +14.7% | +2.8% | +2.7% | +0.4% | +4.6% | -1.8% | |
| Downside (P10) | $166K | $160K | $157K | $156K | |||||||||||
| Upside (P90) | $209K | $227K | $263K | $278K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are relatively tight, but uncertainty widens meaningfully by 2030.
1-Year Spread
$174K to $193K
10.6% of median
5-Year Spread
$156K to $278K
63.1% 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 |
|---|---|---|---|
| Old Town | $187K | $195K | +4.2% |
| Exeter area | $185K | $189K | +2.1% |
| Stetson area | $192K | $207K | +7.6% |
| Bangor | $183K | $194K | +5.9% |
| Bradley area | $194K | $214K | +9.9% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change |
|---|---|---|---|
| Woodville area | $115K | $132K | +14.3% |
| Bangor | $225K | $257K | +14.0% |
| Newburgh | $255K | $290K | +13.9% |
| Orono | $319K | $363K | +13.5% |
| Burlington area | $149K | $168K | +12.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread |
|---|---|---|---|
| East Millinocket | $87K | $89K | $50K |
| Webster area | $101K | $108K | $50K |
| Penobscot Indian Island area | $92K | $99K | $51K |
| Millinocket | $106K | $117K | $55K |
| North Penobscot | $150K | $162K | $68K |
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