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Lake, IL · ZIP 60047 · Census Tract 17097864408 · 2027–2030 outlook
Current modeled value
$384K
Downside (P10)
$314K
-18% by 2030
Base Case (P50)
$406K
+6% by 2030
Upside (P90)
$527K
+37% by 2030
Base case: +6% by 2030, with a forecast range from -18% to +37%. The model forecasts this with 71% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $283K | $291K | $285K | $281K | $290K | $292K | $283K | $328K | $348K | $378K | $384K | $400K | $409K | $406K |
| YoY Change | +2.6% | -2.2% | -1.4% | +3.4% | +0.5% | -3.1% | +15.9% | +6.2% | +8.6% | +1.6% | +4.3% | +2.3% | -0.9% | |
| Downside (P10) | $348K | $328K | $314K | |||||||||||
| Upside (P90) | $473K | $483K | $527K |
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
$348K to $473K
31.3% of median
5-Year Spread
$314K to $527K
52.5% 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 |
|---|---|---|---|---|
| Ela | $378K | $406K | +7.2% | |
| Fremont | $379K | $424K | +12.0% | |
| Antioch | $365K | $394K | +7.9% | |
| Lake Zurich | $376K | $402K | +7.2% | |
| Warren (Tract 861505) | $373K | $394K | +5.6% | |
| Warren (Tract 861609) | $366K | $380K | +3.9% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Ela | $378K | $406K | +7.2% | |
| Round Lake Beach | $186K | $221K | +18.6% | |
| Waukegan | $154K | $183K | +18.6% | |
| Fremont | $249K | $290K | +16.4% | |
| Avon | $341K | $397K | +16.3% | |
| Grant | $288K | $334K | +16.0% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Ela | $378K | $406K | $213K | |
| Waukegan (Tract 862700) | $168K | $178K | $87K | |
| Avon | $159K | $177K | $86K | |
| Waukegan (Tract 862604) | $144K | $162K | $82K | |
| Shields | $160K | $172K | $80K | |
| North Chicago | $128K | $132K | $61K |
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.