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Memphis, TN · ZIP 38117 · Census Tract 47157008500 · 2027–2030 outlook
Current modeled value
$653K
Downside (P10)
$501K
-23% by 2030
Base Case (P50)
$692K
+6% by 2030
Upside (P90)
$914K
+40% by 2030
Base case: +6% by 2030, with a forecast range from -23% to +40%. The model forecasts this with 67% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $394K | $394K | $419K | $447K | $467K | $465K | $490K | $521K | $611K | $643K | $653K | $644K | $672K | $692K |
| YoY Change | -0.1% | +6.3% | +6.8% | +4.4% | -0.4% | +5.3% | +6.5% | +17.2% | +5.1% | +1.6% | -1.3% | +4.3% | +3.0% | |
| Downside (P10) | $537K | $525K | $501K | |||||||||||
| Upside (P90) | $839K | $897K | $914K |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$537K to $839K
46.9% of median
5-Year Spread
$501K to $914K
59.6% 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 |
|---|---|---|---|---|
| Memphis · 38117 · (Tract 85) | $658K | $692K | +5.2% | |
| Collierville (Tract 021542) | $658K | $667K | +1.4% | |
| Germantown | $646K | $696K | +7.8% | |
| Memphis | $662K | $717K | +8.3% | |
| Collierville (Tract 021543) | $610K | $692K | +13.5% | |
| Collierville (Tract 021546) | $608K | $648K | +6.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Memphis · 38117 · (Tract 85) | $658K | $692K | +5.2% | |
| 1 area | $157K | $187K | +19.3% | |
| Memphis (Tract 022322) | $112K | $134K | +19.2% | |
| Memphis (Tract 022122) | $121K | $144K | +19.0% | |
| Memphis (Tract 022121) | $179K | $212K | +18.5% | |
| Memphis (Tract 007810) | $77K | $91K | +17.4% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Memphis · 38117 · (Tract 85) | $658K | $692K | $413K | |
| Memphis (Tract 009902) | $59K | $60K | $25K | |
| Memphis (Tract 011100) | $61K | $63K | $29K |
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.