What is the home price forecast for Parcel 23005003001 in South Portland?

Homecastr forecasts median home values at $350,686 currently, with a 5-year expected change of 5.5%.

What is the home price forecast for Parcel 23005003001 in South Portland?

Homecastr forecasts median home values at $350,686 currently, with a 5-year expected change of 5.5%.

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Parcel 23005003001 (South Portland) Home Price Forecast | Homecastr

Parcel 23005003001, South Portland Home Price Forecast

Cumberland, ME · ZIP 04106 · Census Tract 23005003001 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$351K

Downside (P10)

$284K

-19% by 2030

Base Case (P50)

$370K

+6% by 2030

Upside (P90)

$436K

+24% by 2030

Base case: +6% by 2030, with a forecast range from -19% to +24%. The model forecasts this with 77% 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	$238K	$240K	$297K	$303K	$344K	$351K	$360K	$361K	$370K
Growth $ vs 2026	-$112,486	-$110,286	-$54,086	-$48,086	-$6,386		+$9,708	+$9,931	+$19,443
Growth % vs 2026	-32.1%	-31.4%	-15.4%	-13.7%	-1.8%		+2.8%	+2.8%	+5.5%
Downside (P10)							$301K	$293K	$284K
Upside (P90)							$419K	$416K	$436K

Forecast Confidence

77%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. The confidence profile stays fairly consistent across the horizon.

Near-term band

$301K to $419K

32.7% of median

Long-horizon band

$284K to $436K

40.9% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +5.5% · Spread: 41%

·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 23005003001, South Portland 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).