What is the home price forecast for Parcel 23005004202 in Chebeague Island?

Homecastr forecasts median home values at $641,157 currently, with a 5-year expected change of 1.7%.

What is the home price forecast for Parcel 23005004202 in Chebeague Island?

Homecastr forecasts median home values at $641,157 currently, with a 5-year expected change of 1.7%.

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Parcel 23005004202 (Chebeague Island) Home Price Forecast | Homecastr

Parcel 23005004202, Chebeague Island Home Price Forecast

Cumberland, ME · ZIP 04021 · Census Tract 23005004202 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$641K

Downside (P10)

$495K

-23% by 2030

Base Case (P50)

$652K

+2% by 2030

Upside (P90)

$951K

+48% by 2030

Base case: +2% by 2030, with a forecast range from -23% to +48%. The model forecasts this with 62% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2020	2021	2022	2023	2024	2026	2027	2028	2029	2030
Median Value	$395K	$445K	$523K	$586K	$646K	$641K	$643K	$657K	$652K	$670K
Growth $ vs 2026	-$245,757	-$196,257	-$118,057	-$55,557	+$4,743		+$1,508	+$15,797	+$10,906	+$28,728
Growth % vs 2026	-38.3%	-30.6%	-18.4%	-8.7%	+0.7%		+0.2%	+2.5%	+1.7%	+4.5%
Downside (P10)							$513K	$480K	$495K	$594K
Upside (P90)							$816K	$880K	$951K	$745K

Forecast Confidence

88%

High Confidence

The predictive band is relatively tight for this surface. Near-term outcomes are well constrained and remain comparatively stable through the forecast window.

Near-term band

$513K to $816K

47.1% of median

Long-horizon band

$594K to $745K

22.6% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +4.5% · Spread: 23%

·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 23005004202, Chebeague Island 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).