What is the home price forecast for Parcel 27061480302 in Deer River area?

Homecastr forecasts median home values at $187,624 currently, with a 5-year expected change of 3.1%.

What is the home price forecast for Parcel 27061480302 in Deer River area?

Homecastr forecasts median home values at $187,624 currently, with a 5-year expected change of 3.1%.

Markets Open Map

Explore Homecastr.

View parcel and neighborhood forecasts, compare markets, or build with the API.

Get Free API Key Get My Forecast Browse Markets

DocsStart Here Forecasts Data Catalog Benchmarks REST Quickstart

Loading forecast data...

Parcel 27061480302 (Deer River area) Home Price Forecast | Homecastr

Parcel 27061480302, Deer River area Home Price Forecast

Itasca, MN · ZIP 56636 · Census Tract 27061480302 · 2027–2030 outlook · Forecasts as of March 2026

Copy a share-ready forecast link for notes, client emails, or community posts.

Current modeled value

$188K

Downside (P10)

$153K

-18% by 2030

Base Case (P50)

$193K

+3% by 2030

Upside (P90)

$308K

+64% by 2030

Base case: +3% by 2030, with a forecast range from -18% to +64%. The model forecasts this with 56% 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	$123K	$124K	$147K	$176K	$182K	$188K	$185K	$192K	$193K
Growth $ vs 2026	-$65,024	-$63,624	-$40,424	-$11,524	-$6,124		-$2,337	+$4,834	+$5,764
Growth % vs 2026	-34.7%	-33.9%	-21.5%	-6.1%	-3.3%		-1.2%	+2.6%	+3.1%
Downside (P10)							$160K	$154K	$153K
Upside (P90)							$257K	$287K	$308K

Forecast Confidence

56%

Lower Confidence

The predictive band is wider than average, so point estimates should be read with caution. Short-term confidence is usable, but the farther-out range broadens significantly.

Near-term band

$160K to $257K

52.1% of median

Long-horizon band

$153K to $308K

80.0% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +3.1% · Spread: 80%

·The forecast implies relatively stable values through the full horizon, with modest movements in either direction.
·The base case is supported by stable local demand and a moderate medium-term appreciation path.

Location

Parcel 27061480302, Deer River area on map

Open Full Map ↗

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).