What is the home price forecast for Parcel 27061481001 in Trout Lake area?

Homecastr forecasts median home values at $221,036 currently, with a 5-year expected change of 13.8%.

What is the home price forecast for Parcel 27061481001 in Trout Lake area?

Homecastr forecasts median home values at $221,036 currently, with a 5-year expected change of 13.8%.

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Parcel 27061481001 (Trout Lake area) Home Price Forecast | Homecastr

Parcel 27061481001, Trout Lake area Home Price Forecast

Itasca, MN · ZIP 55709 · Census Tract 27061481001 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$221K

Downside (P10)

$192K

-13% by 2030

Base Case (P50)

$252K

+14% by 2030

Upside (P90)

$343K

+55% by 2030

Base case: +14% by 2030, with a forecast range from -13% to +55%. The model forecasts this with 67% 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	$157K	$149K	$178K	$179K	$214K	$221K	$228K	$241K	$252K
Growth $ vs 2026	-$64,536	-$72,436	-$43,336	-$41,736	-$7,136		+$6,739	+$19,703	+$30,531
Growth % vs 2026	-29.2%	-32.8%	-19.6%	-18.9%	-3.2%		+3.0%	+8.9%	+13.8%
Downside (P10)							$190K	$191K	$192K
Upside (P90)							$282K	$313K	$343K

Forecast Confidence

67%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. The confidence profile stays fairly consistent across the horizon.

Near-term band

$190K to $282K

40.4% of median

Long-horizon band

$192K to $343K

59.9% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +13.8% · Spread: 60%

·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 27061481001, Trout Lake area 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).