What is the home price forecast for Tract 005283?

Homecastr forecasts Tract 005283 median home values at $83,557 currently, with a 5-year expected change of 32.5%.

How confident is the Tract 005283 forecast?

The 5-year forecast range spans from $62,345 (downside) to $211,116 (upside), with a spread of 134% of median.

Tract 005283 Home Price Forecast

County 47830, TN · Census Tract 47830005283 · 2027–2030 outlook

Current modeled value

$84K

Downside (P10)

$62K

-25% by 2030

Base Case (P50)

$111K

+32% by 2030

Upside (P90)

$211K

+153% by 2030

Base case: +32% by 2030, with a forecast range from -25% to +153%. Uncertainty is wide relative to similar County 47830 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$84K	$101K	$101K	$104K	$111K
YoY Change		+20.9%	+0.1%	+2.5%	+6.8%
Downside (P10)		$70K	$71K	$64K	$62K
Upside (P90)		$164K	$186K	$182K	$211K

Forecast Uncertainty

Narrow rangeWide range

The forecast range is wider than average for this market. Uncertainty is moderate near-term but expands significantly by 2030 — outcomes could vary meaningfully.

1-Year Spread

$70K to $118K

58.2% of median

5-Year Spread

$62K to $211K

134.4% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +32.5% · Spread: 134%

·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The wider-than-average range suggests more uncertainty about the trajectory — consider both upside and downside scenarios.

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 001960	$84K	$130K	+54.7%
Tract 005364	$83K	$124K	+50.2%
Tract 005380	$82K	$110K	+34.5%
Tract 002202	$81K	$118K	+45.0%
Tract 005322	$80K	$113K	+40.7%

Stronger Appreciation Potential

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

Area	Current Value	5yr Expected	5yr Change
Tract 001960	$84K	$130K	+54.7%
Tract 001902	$134K	$207K	+54.2%
Tract 000424	$420K	$643K	+52.9%
Tract 005364	$83K	$124K	+50.2%
Tract 000547	$358K	$525K	+46.6%

Location

Tract 005283 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).