What is the home price forecast for Tract 512589?

Homecastr forecasts Tract 512589 median home values at $2,101,512 currently, with a 5-year expected change of 4.1%.

How confident is the Tract 512589 forecast?

The 5-year forecast range spans from $1,858,874 (downside) to $2,750,831 (upside), with a spread of 41% of median.

Tract 512589 Home Price Forecast

County 31347, NE · Census Tract 31347512589 · 2027–2030 outlook

Current modeled value

$2.10M

Downside (P10)

$1.86M

-12% by 2030

Base Case (P50)

$2.19M

+4% by 2030

Upside (P90)

$2.75M

+31% by 2030

Base case: +4% by 2030, with a forecast range from -12% to +31%. Uncertainty is narrow relative to similar County 31347 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$2.1M	$2.2M	$2.2M	$2.2M	$2.2M
YoY Change		+6.7%	-0.7%	-2.7%	+1.1%
Downside (P10)		$2.0M	$1.9M	$1.9M	$1.9M
Upside (P90)		$2.5M	$2.6M	$2.6M	$2.8M

Forecast Uncertainty

Narrow rangeWide range

The forecast range is narrow for this market. Near-term outcomes are relatively tight, though uncertainty widens modestly by 2030.

1-Year Spread

$1.98M to $2.24M

12.1% of median

5-Year Spread

$1.86M to $2.75M

40.8% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +4.1% · Spread: 41%

·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.

Comparable Alternatives

Use these nearby areas to compare price level, upside potential, and forecast risk.

Most Similar Neighborhoods

Areas with the most similar current median values

Area	Current Value	5yr Expected	5yr Change
Tract 700809	$2.10M	$2.61M	+24.4%
Tract 700469	$2.10M	$2.56M	+22.2%
Tract 512864	$2.12M	$2.02M	-4.9%
Tract 551087	$2.13M	$1.93M	-9.3%
Tract 550949	$2.13M	$2.03M	-4.6%

Stronger Appreciation Potential

Nearby areas where the model expects higher 5-year price growth

Area	Current Value	5yr Expected	5yr Change
Tract 856122	$637K	$1.02M	+60.5%
Tract 855149	$904K	$1.43M	+58.1%
Tract 861706	$910K	$1.42M	+55.8%
Tract 856300	$711K	$1.09M	+53.3%
Tract 856245	$641K	$979K	+52.6%

Location

Tract 512589 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).