What is the home price forecast for Tract 840008?

Homecastr forecasts Tract 840008 median home values at $805,219 currently, with a 5-year expected change of -17.6%.

How confident is the Tract 840008 forecast?

The 5-year forecast range spans from $280,035 (downside) to $1,235,147 (upside), with a spread of 144% of median.

Tract 840008 Home Price Forecast

County 48428, TX · Census Tract 48428840008 · 2027–2030 outlook

Current modeled value

$805K

Downside (P10)

$280K

-65% by 2030

Base Case (P50)

$664K

-18% by 2030

Upside (P90)

$1.24M

+53% by 2030

Base case: -18% by 2030, with a forecast range from -65% to +53%. Uncertainty is wide relative to similar County 48428 markets.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2026	2027	2028	2029	2030
Median Value	$805K	$772K	$677K	$646K	$664K
YoY Change		-4.1%	-12.3%	-4.6%	+2.8%
Downside (P10)		$436K	$357K	$298K	$280K
Upside (P90)		$1.1M	$1.1M	$1.1M	$1.2M

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

$593K to $1.11M

64.2% of median

5-Year Spread

$280K to $1.24M

143.9% of median

Interpretation

Homecastr outlook: significant decline expected5yr expected: -17.6% · Spread: 144%

·The downside reflects broader macro sensitivity and local demand softening.
·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 160005	$626K	$563K	-10.0%
Tract 800006	$1.41M	$1.14M	-18.8%

Stronger Appreciation Potential

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

Area	Current Value	5yr Expected	5yr Change
Tract 160005	$626K	$563K	-10.0%
Tract 800006	$1.41M	$1.14M	-18.8%

Lower Risk Alternatives

Nearby areas with narrower forecast ranges (less uncertainty)

Area	Current Value	5yr Expected	Spread
Tract 160005	$626K	$563K	$730K
Tract 800006	$1.41M	$1.14M	$1.18M

Location

Tract 840008 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).