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Chicago, IL · ZIP 60640 · Census Tract 17031830800 · 2027–2030 outlook
Current modeled value
$417K
Downside (P10)
$348K
-17% by 2030
Base Case (P50)
$473K
+13% by 2030
Upside (P90)
$648K
+55% by 2030
Base case: +13% by 2030, with a forecast range from -17% to +55%. The model forecasts this with 65% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $347K | $373K | $356K | $352K | $348K | $410K | $614K | $540K | $548K | $388K | $417K | $436K | $449K | $473K |
| YoY Change | +7.6% | -4.6% | -1.3% | -1.1% | +17.8% | +49.7% | -12.0% | +1.4% | -29.2% | +7.5% | +4.6% | +2.9% | +5.4% | |
| Downside (P10) | $366K | $344K | $348K | |||||||||||
| Upside (P90) | $513K | $574K | $648K |
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
$366K to $513K
33.6% of median
5-Year Spread
$348K to $648K
63.5% 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 |
|---|---|---|---|---|
| Uptown Chicago · Uptown · (Tract 8308) | $400K | $473K | +18.2% | |
| Schaumburg (Tract 804607) | $418K | $469K | +12.2% | |
| Orland | $417K | $451K | +8.4% | |
| Schaumburg (Tract 804609) | $416K | $447K | +7.3% | |
| Hyde Park | $418K | $448K | +7.1% | |
| Uptown Chicago | $418K | $446K | +6.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Uptown Chicago · Uptown · (Tract 8308) | $400K | $473K | +18.2% | |
| 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.