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Lorain, OH · ZIP 44074 · Census Tract 39093060100 · 2027–2030 outlook
Current modeled value
$175K
Downside (P10)
$135K
-23% by 2030
Base Case (P50)
$186K
+6% by 2030
Upside (P90)
$236K
+35% by 2030
Base case: +6% by 2030, with a forecast range from -23% to +35%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $128K | $134K | $134K | $135K | $146K | $142K | $142K | $166K | $172K | $170K | $175K | $180K | $184K | $186K | $179K |
| YoY Change | +4.1% | +0.2% | +0.5% | +8.2% | -2.3% | +0.1% | +16.5% | +3.6% | -0.9% | +2.9% | +2.7% | +2.3% | +1.1% | -3.5% | |
| Downside (P10) | $153K | $144K | $135K | $159K | |||||||||||
| Upside (P90) | $218K | $234K | $236K | $198K |
The forecast range is very tight for this market, indicating strong model confidence. Near-term outcomes are constrained and remain highly predictable through the full horizon.
1-Year Spread
$153K to $218K
36.0% of median
5-Year Spread
$159K to $198K
21.9% 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 |
|---|---|---|---|---|
| New Russia area | $173K | $186K | +7.5% | |
| Sheffield Lake | $182K | $199K | +9.4% | |
| Lorain | $184K | $198K | +8.2% | |
| Elyria | $172K | $185K | +7.5% | |
| Elyria area | $174K | $181K | +3.8% | |
| Amherst area | $184K | $189K | +2.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| New Russia area | $173K | $186K | +7.5% | |
| 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 |
|---|---|---|---|---|
| New Russia area | $173K | $186K | $102K | |
| 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.