Loading forecast data...
Loading forecast data...
Lake, IN · ZIP 46342 · Census Tract 18089041900 · 2027–2030 outlook
Current modeled value
$226K
Downside (P10)
$187K
-17% by 2030
Base Case (P50)
$223K
-2% by 2030
Upside (P90)
$309K
+37% by 2030
Base case: -2% by 2030, with a forecast range from -17% to +37%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $129K | $132K | $133K | $134K | $139K | $148K | $154K | $182K | $210K | $215K | $226K | $229K | $232K | $223K |
| YoY Change | +1.9% | +1.3% | +0.5% | +3.7% | +6.3% | +4.3% | +17.9% | +15.2% | +2.7% | +5.3% | +0.9% | +1.5% | -4.0% | |
| Downside (P10) | $198K | $199K | $187K | |||||||||||
| Upside (P90) | $266K | $276K | $309K |
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
$198K to $266K
29.5% of median
5-Year Spread
$187K to $309K
54.8% 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 |
|---|---|---|---|---|
| Hobart · 46342 · (Tract 419) | $220K | $223K | +1.1% | |
| Crown Point | $226K | $256K | +13.4% | |
| Highland (Tract 040700) | $225K | $244K | +8.4% | |
| Gary | $224K | $238K | +6.3% | |
| Highland (Tract 040600) | $230K | $242K | +5.0% | |
| Merrillville | $220K | $241K | +9.5% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Hobart · 46342 · (Tract 419) | $220K | $223K | +1.1% | |
| Gary (Tract 010302) | $111K | $133K | +19.5% | |
| Hammond (Tract 021600) | $161K | $192K | +18.9% | |
| Cedar Creek | $371K | $440K | +18.6% | |
| Hammond (Tract 020500) | $105K | $124K | +17.6% | |
| Gary (Tract 010206) | $100K | $116K | +16.3% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Hobart · 46342 · (Tract 419) | $220K | $223K | $122K | |
| Gary (Tract 011900) | $53K | $59K | $27K | |
| Gary (Tract 012000) | $58K | $60K | $30K | |
| Gary (Tract 041100) | $58K | $65K | $35K | |
| Gary (Tract 012100) | $65K | $72K | $37K | |
| Gary (Tract 012400) | $70K | $76K | $38K |
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.