Chicago, IL · ZIP 60647 · Census Tract 17031240500 · 2027–2030 outlook
Current modeled value
$565K
Downside (P10)
$454K
-20% by 2030
Base Case (P50)
$568K
+1% by 2030
Upside (P90)
$849K
+50% by 2030
Base case: +1% by 2030, with a forecast range from -20% to +50%. Uncertainty is typical relative to similar Chicago markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $355K | $360K | $374K | $396K | $435K | $457K | $458K | $493K | $525K | $546K | $553K | $565K | $579K | $573K | $568K |
| YoY Change | +1.4% | +3.9% | +5.9% | +9.9% | +5.0% | +0.1% | +7.8% | +6.4% | +3.9% | +1.3% | +2.2% | +2.5% | -1.1% | -0.9% | |
| Downside (P10) | $496K | $472K | $467K | $454K | |||||||||||
| Upside (P90) | $622K | $671K | $765K | $849K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are relatively tight, but uncertainty widens meaningfully by 2030.
1-Year Spread
$518K to $593K
13.5% of median
5-Year Spread
$454K to $849K
69.5% 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 |
|---|---|---|---|
| Hyde Park | $565K | $625K | +10.5% |
| Logan Square | $563K | $604K | +7.2% |
| Bronzeville | $568K | $594K | +4.5% |
| Maine | $561K | $615K | +9.5% |
| North Center | $561K | $601K | +7.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change |
|---|---|---|---|
| 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