What is the home price forecast for Parcel 18089042404 in Merrillville?

Homecastr forecasts median home values at $217,674 currently, with a 5-year expected change of 10.6%.

What is the home price forecast for Parcel 18089042404 in Merrillville?

Homecastr forecasts median home values at $217,674 currently, with a 5-year expected change of 10.6%.

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Parcel 18089042404 (Merrillville) Home Price Forecast | Homecastr

Parcel 18089042404, Merrillville Home Price Forecast

Lake, IN · ZIP 46410 · Census Tract 18089042404 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$218K

Downside (P10)

$179K

-18% by 2030

Base Case (P50)

$241K

+11% by 2030

Upside (P90)

$298K

+37% by 2030

Base case: +11% by 2030, with a forecast range from -18% to +37%. The model forecasts this with 73% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2020	2021	2022	2023	2024	2026	2027	2028	2029
Median Value	$150K	$161K	$176K	$209K	$216K	$218K	$223K	$235K	$241K
Growth $ vs 2026	-$67,574	-$57,074	-$41,774	-$8,874	-$1,574		+$4,999	+$17,223	+$23,162
Growth % vs 2026	-31.0%	-26.2%	-19.2%	-4.1%	-0.7%		+2.3%	+7.9%	+10.6%
Downside (P10)							$197K	$193K	$179K
Upside (P90)							$267K	$290K	$298K

Forecast Confidence

73%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.

Near-term band

$197K to $267K

31.2% of median

Long-horizon band

$179K to $298K

49.6% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +10.6% · Spread: 50%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 18089042404, Merrillville on map

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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.

Methodology & Data Sources

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

U.S. Census Bureau. American Community Survey (ACS), 5-Year Estimates, Table B25077 (Median Home Value), Census Tract level.
U.S. Census Bureau. TIGER/Line Shapefiles, Census Tract and ZCTA boundaries.
Federal Reserve Bank of St. Louis (FRED). 30-Year Fixed Rate Mortgage Average (MORTGAGE30US), Unemployment Rate (UNRATE), Consumer Price Index (CPIAUCSL).