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Steele, MN · ZIP 55060 · Census Tract 27147960700 · 2027–2030 outlook
Current modeled value
$250K
Downside (P10)
$217K
-13% by 2030
Base Case (P50)
$262K
+5% by 2030
Upside (P90)
$330K
+32% by 2030
Base case: +5% by 2030, with a forecast range from -13% to +32%. The model forecasts this with 76% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $159K | $159K | $162K | $164K | $176K | $174K | $189K | $234K | $241K | $250K | $250K | $258K | $267K | $262K |
| YoY Change | -0.1% | +1.6% | +1.2% | +7.7% | -1.1% | +8.3% | +23.9% | +3.1% | +3.6% | +0.2% | +3.2% | +3.3% | -1.9% | |
| Downside (P10) | $229K | $225K | $217K | |||||||||||
| Upside (P90) | $309K | $316K | $330K |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$229K to $309K
31.1% of median
5-Year Spread
$217K to $330K
43.0% 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 |
|---|---|---|---|---|
| Owatonna · 55060 · (Tract 9607) | $252K | $262K | +3.8% | |
| Owatonna (Tract 960300) | $257K | $298K | +16.1% | |
| Owatonna area | $309K | $348K | +12.7% | |
| Owatonna (Tract 960600) | $216K | $242K | +12.0% | |
| Owatonna (Tract 960400) | $189K | $211K | +11.2% | |
| Somerset area | $279K | $310K | +11.0% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Owatonna · 55060 · (Tract 9607) | $252K | $262K | +3.8% | |
| Owatonna (Tract 960300) | $257K | $298K | +16.1% | |
| Summit area | $186K | $214K | +15.4% | |
| Owatonna area | $309K | $348K | +12.7% | |
| Owatonna (Tract 960600) | $216K | $242K | +12.0% | |
| Owatonna (Tract 960400) | $189K | $211K | +11.2% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Owatonna · 55060 · (Tract 9607) | $252K | $262K | $113K | |
| Owatonna area | $309K | $348K | $178K | |
| Owatonna (Tract 960300) | $257K | $298K | $170K | |
| Owatonna (Tract 960600) | $216K | $242K | $157K | |
| Summit area | $186K | $214K | $90K | |
| Owatonna (Tract 960400) | $189K | $211K | $86K |
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.