What is the home price forecast for Tract 550224?

Homecastr forecasts Tract 550224 median home values at $2,663,276 currently, with a 5-year expected change of -7.8%.

How confident is the Tract 550224 forecast?

The 5-year forecast range spans from $1,825,465 (downside) to $3,215,530 (upside), with a spread of 57% of median.

Tract 550224 Home Price Forecast

County 31347, NE · Census Tract 31347550224 · 2027–2030 outlook

Current modeled value

$2.66M

Downside (P10)

$1.83M

-31% by 2030

Base Case (P50)

$2.46M

-8% by 2030

Upside (P90)

$3.22M

+21% by 2030

Base case: -8% by 2030, with a forecast range from -31% to +21%. 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	$2.7M	$2.7M	$2.5M	$2.5M	$2.5M
YoY Change		+0.7%	-6.5%	-2.1%	-0.0%
Downside (P10)		$2.3M	$1.9M	$1.9M	$1.8M
Upside (P90)		$3.1M	$3.1M	$3.1M	$3.2M

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

$2.45M to $2.98M

19.7% of median

5-Year Spread

$1.83M to $3.22M

56.6% of median

Interpretation

Homecastr outlook: mild decline expected5yr expected: -7.8% · Spread: 57%

·The model sees some downside pressure from rate sensitivity and local supply dynamics.
·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 550185	$2.63M	$2.40M	-8.6%
Tract 550444	$2.72M	$2.97M	+9.3%
Tract 551061	$2.61M	$2.37M	-9.0%
Tract 551003	$2.59M	$2.38M	-8.0%
Tract 512107	$2.56M	$2.66M	+3.8%

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 550224 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).