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Steele, MN · ZIP 55060 · Census Tract 27147960200 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$313K
Downside (P10)
$272K
-13% by 2030
Base Case (P50)
$348K
+11% by 2030
Upside (P90)
$451K
+44% by 2030
Base case: +11% by 2030, with a forecast range from -13% to +44%. The model forecasts this with 72% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $169K | $164K | $171K | $184K | $206K | $214K | $223K | $272K | $292K | $297K | $313K | $325K | $332K | $348K | $307K | |
| Growth $ vs 2026 | -$143,482 | -$148,282 | -$141,182 | -$128,382 | -$106,382 | -$98,482 | -$89,682 | -$40,882 | -$20,882 | -$15,482 | +$12,492 | +$18,969 | +$35,255 | -$6,070 | ||
| Growth % vs 2026 | -45.9% | -47.4% | -45.2% | -41.1% | -34.0% | -31.5% | -28.7% | -13.1% | -6.7% | -5.0% | +4.0% | +6.1% | +11.3% | -1.9% | ||
| Downside (P10) | $271K | $265K | $272K | $274K | ||||||||||||
| Upside (P90) | $402K | $419K | $451K | $346K |
The predictive band is relatively tight for this surface. Near-term outcomes are well constrained and remain comparatively stable through the forecast window.
Near-term band
$271K to $402K
40.5% of median
Long-horizon band
$274K to $346K
23.5% 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 area | $309K | $348K | +12.7% | |
| Owatonna (Tract 960300) | $257K | $298K | +16.1% | |
| Owatonna (Tract 960600) | $216K | $242K | +12.0% | |
| Somerset area | $279K | $310K | +11.0% | |
| Clinton Falls area | $314K | $329K | +4.9% | |
| Owatonna (Tract 960700) | $252K | $262K | +3.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Owatonna area | $309K | $348K | +12.7% | |
| Owatonna (Tract 960300) | $257K | $298K | +16.1% | |
| Summit area | $186K | $214K | +15.4% | |
| Owatonna (Tract 960600) | $216K | $242K | +12.0% | |
| Owatonna (Tract 960400) | $189K | $211K | +11.2% | |
| Somerset area | $279K | $310K | +11.0% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Owatonna area | $309K | $348K | $178K | |
| Owatonna (Tract 960300) | $257K | $298K | $170K | |
| Owatonna (Tract 960600) | $216K | $242K | $157K | |
| Owatonna (Tract 960700) | $252K | $262K | $113K | |
| 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
Steele, MN · ZIP 55060 · Census Tract 27147960200 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$313K
Downside (P10)
$272K
-13% by 2030
Base Case (P50)
$348K
+11% by 2030
Upside (P90)
$451K
+44% by 2030
Base case: +11% by 2030, with a forecast range from -13% to +44%. The model forecasts this with 72% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $169K | $164K | $171K | $184K | $206K | $214K | $223K | $272K | $292K | $297K | $313K | $325K | $332K | $348K | $307K | |
| Growth $ vs 2026 | -$143,482 | -$148,282 | -$141,182 | -$128,382 | -$106,382 | -$98,482 | -$89,682 | -$40,882 | -$20,882 | -$15,482 | +$12,492 | +$18,969 | +$35,255 | -$6,070 | ||
| Growth % vs 2026 | -45.9% | -47.4% | -45.2% | -41.1% | -34.0% | -31.5% | -28.7% | -13.1% | -6.7% | -5.0% | +4.0% | +6.1% | +11.3% | -1.9% | ||
| Downside (P10) | $271K | $265K | $272K | $274K | ||||||||||||
| Upside (P90) | $402K | $419K | $451K | $346K |
The predictive band is relatively tight for this surface. Near-term outcomes are well constrained and remain comparatively stable through the forecast window.
Near-term band
$271K to $402K
40.5% of median
Long-horizon band
$274K to $346K
23.5% 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 area | $309K | $348K | +12.7% | |
| Owatonna (Tract 960300) | $257K | $298K | +16.1% | |
| Owatonna (Tract 960600) | $216K | $242K | +12.0% | |
| Somerset area | $279K | $310K | +11.0% | |
| Clinton Falls area | $314K | $329K | +4.9% | |
| Owatonna (Tract 960700) | $252K | $262K | +3.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Owatonna area | $309K | $348K | +12.7% | |
| Owatonna (Tract 960300) | $257K | $298K | +16.1% | |
| Summit area | $186K | $214K | +15.4% | |
| Owatonna (Tract 960600) | $216K | $242K | +12.0% | |
| Owatonna (Tract 960400) | $189K | $211K | +11.2% | |
| Somerset area | $279K | $310K | +11.0% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Owatonna area | $309K | $348K | $178K | |
| Owatonna (Tract 960300) | $257K | $298K | $170K | |
| Owatonna (Tract 960600) | $216K | $242K | $157K | |
| Owatonna (Tract 960700) | $252K | $262K | $113K | |
| 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.
Deep dive into property-level home price forecasts for parcels in this area.
