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Look up a home and see where its value may be headed over the next five years.
Lorain, OH · ZIP 44055 · Census Tract 39093023600 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$112K
Downside (P10)
$101K
-11% by 2030
Base Case (P50)
$117K
+4% by 2030
Upside (P90)
$178K
+59% by 2030
Base case: +4% by 2030, with a forecast range from -11% to +59%. The model forecasts this with 64% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $63K | $63K | $65K | $66K | $63K | $72K | $78K | $84K | $100K | $110K | $112K | $113K | $118K | $117K |
| YoY Change | +0.3% | +4.0% | +0.2% | -3.4% | +13.1% | +8.9% | +8.1% | +18.3% | +10.4% | +2.0% | +1.0% | +3.7% | -0.3% | |
| Downside (P10) | $102K | $100K | $101K | |||||||||||
| Upside (P90) | $154K | $161K | $178K |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$102K to $154K
46.1% of median
5-Year Spread
$101K to $178K
66.4% 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 |
|---|---|---|---|---|
| Lorain · 44055 · (Tract 236) | $112K | $117K | +4.4% | |
| Lorain (Tract 022200) | $112K | $123K | +9.8% | |
| Lorain (Tract 023000) | $110K | $120K | +9.6% | |
| Elyria (Tract 071400) | $110K | $119K | +8.3% | |
| Elyria (Tract 070500) | $108K | $116K | +6.8% | |
| Lorain (Tract 022800) | $111K | $114K | +3.5% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Lorain · 44055 · (Tract 236) | $112K | $117K | +4.4% | |
| Elyria (Tract 071201) | $129K | $154K | +19.4% | |
| Lorain (Tract 022100) | $138K | $163K | +18.4% | |
| Elyria (Tract 070400) | $126K | $150K | +18.3% | |
| North Ridgeville | $326K | $381K | +16.8% | |
| Lorain (Tract 023500) | $125K | $145K | +16.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Lorain · 44055 · (Tract 236) | $112K | $117K | $78K | |
| Lorain (Tract 023300) | $93K | $98K | $51K | |
| Lorain (Tract 023100) | $86K | $92K | $51K | |
| Lorain (Tract 023200) | $69K | $78K | $49K | |
| Sheffield area | $102K | $115K | $46K | |
| Lorain (Tract 097300) | $82K | $83K | $43K |
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.