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Chicago, IL · ZIP 60402 · Census Tract 17031815500 · 2027–2030 outlook
Current modeled value
$304K
Downside (P10)
$276K
-9% by 2030
Base Case (P50)
$347K
+14% by 2030
Upside (P90)
$446K
+47% by 2030
Base case: +14% by 2030, with a forecast range from -9% to +47%. The model forecasts this with 73% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $168K | $179K | $176K | $179K | $198K | $229K | $248K | $266K | $291K | $299K | $304K | $314K | $325K | $347K |
| YoY Change | +6.6% | -2.0% | +2.1% | +10.2% | +15.8% | +8.3% | +7.1% | +9.6% | +2.6% | +1.7% | +3.4% | +3.6% | +6.7% | |
| Downside (P10) | $274K | $276K | $276K | |||||||||||
| Upside (P90) | $357K | $383K | $446K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$274K to $357K
26.6% of median
5-Year Spread
$276K to $446K
48.8% 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 |
|---|---|---|---|---|
| Berwyn | $301K | $347K | +15.5% | |
| Belmont Cragin (Tract 190602) | $304K | $359K | +18.1% | |
| Near West Side | $304K | $327K | +7.8% | |
| Belmont Cragin (Tract 191301) | $304K | $326K | +7.2% | |
| Lakeview East | $303K | $313K | +3.5% | |
| Elk Grove | $305K | $312K | +2.4% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Berwyn | $301K | $347K | +15.5% | |
| South Loop | $389K | $482K | +23.7% | |
| Portage Park | $271K | $329K | +21.6% | |
| Belmont Cragin | $335K | $406K | +21.3% | |
| Chicago Lawn | $179K | $217K | +21.3% | |
| Palatine | $153K | $185K | +20.8% |
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.