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Chicago, IL · ZIP 60016 · Census Tract 17031806002 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$238K
Downside (P10)
$185K
-23% by 2030
Base Case (P50)
$269K
+13% by 2030
Upside (P90)
$385K
+62% by 2030
Base case: +13% by 2030, with a forecast range from -23% to +62%. The model forecasts this with 59% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $126K | $117K | $117K | $132K | $132K | $143K | $152K | $186K | $193K | $229K | $238K | $249K | $262K | $269K |
| YoY Change | -6.5% | -0.6% | +13.2% | +0.1% | +8.5% | +6.1% | +22.1% | +4.0% | +18.5% | +4.2% | +4.3% | +5.6% | +2.6% | |
| Downside (P10) | $213K | $189K | $185K | |||||||||||
| Upside (P90) | $290K | $333K | $385K |
The forecast range is wider than average for this market, indicating lower confidence. Short-term confidence is moderate but expands significantly by 2030 — outcomes could vary meaningfully.
1-Year Spread
$213K to $290K
31.0% of median
5-Year Spread
$185K to $385K
74.6% 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 |
|---|---|---|---|---|
| Maine · Des Plaines · (Tract 8060.2) | $234K | $269K | +15.2% | |
| Chicago (Tract 630400) | $239K | $267K | +11.8% | |
| Chicago (Tract 460800) | $237K | $262K | +10.5% | |
| Bridgeview | $238K | $261K | +9.7% | |
| Chicago (Tract 301600) | $238K | $254K | +6.8% | |
| Chicago (Tract 440900) | $238K | $246K | +3.4% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Maine · Des Plaines · (Tract 8060.2) | $234K | $269K | +15.2% | |
| Chicago (Tract 330102) | $389K | $482K | +23.7% | |
| Chicago (Tract 170100) | $271K | $329K | +21.6% | |
| Chicago (Tract 200401) | $335K | $406K | +21.3% | |
| Chicago (Tract 835100) | $179K | $217K | +21.3% | |
| Palatine | $153K | $185K | +20.8% |
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.