Norfolk, VA · ZIP 23505 · Census Tract 51710001200 · 2027–2030 outlook
Current modeled value
$550K
Downside (P10)
$459K
-17% by 2030
Base Case (P50)
$632K
+15% by 2030
Upside (P90)
$844K
+53% by 2030
Base case: +15% by 2030, with a forecast range from -17% to +53%. Uncertainty is typical relative to similar Norfolk markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $365K | $458K | $423K | $447K | $414K | $534K | $532K | $642K | $528K | $532K | $550K | $574K | $598K | $632K |
| YoY Change | +25.5% | -7.6% | +5.6% | -7.4% | +29.0% | -0.5% | +20.7% | -17.7% | +0.7% | +3.5% | +4.2% | +4.2% | +5.6% | |
| Downside (P10) | $466K | $465K | $459K | |||||||||||
| Upside (P90) | $732K | $770K | $844K |
The forecast range is moderate for this market over this horizon. The range stays consistent through the forecast period.
1-Year Spread
$466K to $732K
46.4% of median
5-Year Spread
$459K to $844K
60.9% of median
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