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Kennebec, ME · ZIP 04349 · Census Tract 23011014500 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$336K
Downside (P10)
$275K
-18% by 2030
Base Case (P50)
$357K
+6% by 2030
Upside (P90)
$453K
+35% by 2030
Base case: +6% by 2030, with a forecast range from -18% to +35%. The model forecasts this with 72% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $175K | $182K | $189K | $194K | $214K | $235K | $241K | $259K | $290K | $322K | $336K | $335K | $351K | $357K |
| YoY Change | +4.0% | +4.1% | +2.8% | +10.1% | +10.1% | +2.6% | +7.1% | +12.2% | +11.1% | +4.2% | -0.2% | +4.6% | +1.8% | |
| Downside (P10) | $304K | $293K | $275K | |||||||||||
| Upside (P90) | $396K | $422K | $453K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$304K to $396K
27.6% of median
5-Year Spread
$275K to $453K
50.1% 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 | Trend |
|---|---|---|---|---|
| Fayette area | $328K | $357K | +9.0% | |
| Readfield | $336K | $373K | +10.8% | |
| Belgrade | $315K | $344K | +9.1% | |
| Winthrop | $359K | $382K | +6.3% | |
| Sidney | $340K | $358K | +5.2% | |
| West Gardiner | $308K | $316K | +2.7% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Fayette area | $328K | $357K | +9.0% | |
| Augusta | $245K | $280K | +14.2% | |
| Waterville (Tract 024202) | $191K | $218K | +14.0% | |
| Winslow | $234K | $264K | +13.3% | |
| Litchfield | $249K | $281K | +13.0% | |
| Waterville (Tract 024101) | $178K | $201K | +12.9% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Fayette area | $328K | $357K | $179K | |
| Clinton | $191K | $215K | $95K | |
| Gardiner | $200K | $217K | $92K | |
| Chelsea | $184K | $202K | $89K | |
| Waterville (Tract 024101) | $178K | $201K | $87K | |
| Waterville (Tract 024102) | $156K | $176K | $74K |
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.