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Chicago, IL · ZIP 60016 · Census Tract 17031806006 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$313K
Downside (P10)
$283K
-10% by 2030
Base Case (P50)
$340K
+9% by 2030
Upside (P90)
$463K
+48% by 2030
Base case: +9% by 2030, with a forecast range from -10% to +48%. The model forecasts this with 71% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $209K | $217K | $258K | $277K | $304K | $313K | $322K | $328K | $340K | |
| Growth $ vs 2026 | -$104,374 | -$96,574 | -$55,674 | -$36,274 | -$8,974 | +$8,744 | +$14,903 | +$26,728 | ||
| Growth % vs 2026 | -33.3% | -30.8% | -17.8% | -11.6% | -2.9% | +2.8% | +4.8% | +8.5% | ||
| Downside (P10) | $277K | $277K | $283K | |||||||
| Upside (P90) | $385K | $413K | $463K |
The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.
Near-term band
$277K to $385K
33.7% of median
Long-horizon band
$283K to $463K
52.8% 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 |
|---|---|---|---|---|
| Chicago (Tract 030601) | $328K | $364K | +11.2% | |
| Chicago (Tract 010502) | $298K | $318K | +6.5% | |
| Chicago (Tract 063303) | $322K | $338K | +4.9% | |
| Chicago (Tract 020302) | $299K | $310K | +3.8% | |
| Chicago (Tract 061901) | $303K | $313K | +3.5% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Chicago (Tract 030900) | $453K | $541K | +19.4% | |
| Chicago area | $841K | $1.00M | +19.0% | |
| Chicago (Tract 030200) | $535K | $629K | +17.6% | |
| Chicago (Tract 071500) | $402K | $471K | +17.1% | |
| Chicago (Tract 061100) | $627K | $735K | +17.1% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Chicago (Tract 020301) | $223K | $235K | $111K | |
| Chicago (Tract 031300) | $172K | $193K | $99K | |
| Chicago (Tract 010702) | $235K | $241K | $98K | |
| Chicago (Tract 020500) | $182K | $190K | $75K | |
| Chicago (Tract 020902) | $124K | $138K | $69K |
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
Chicago, IL · ZIP 60016 · Census Tract 17031806006 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$313K
Downside (P10)
$283K
-10% by 2030
Base Case (P50)
$340K
+9% by 2030
Upside (P90)
$463K
+48% by 2030
Base case: +9% by 2030, with a forecast range from -10% to +48%. The model forecasts this with 71% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $209K | $217K | $258K | $277K | $304K | $313K | $322K | $328K | $340K | |
| Growth $ vs 2026 | -$104,374 | -$96,574 | -$55,674 | -$36,274 | -$8,974 | +$8,744 | +$14,903 | +$26,728 | ||
| Growth % vs 2026 | -33.3% | -30.8% | -17.8% | -11.6% | -2.9% | +2.8% | +4.8% | +8.5% | ||
| Downside (P10) | $277K | $277K | $283K | |||||||
| Upside (P90) | $385K | $413K | $463K |
The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.
Near-term band
$277K to $385K
33.7% of median
Long-horizon band
$283K to $463K
52.8% 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 |
|---|---|---|---|---|
| Chicago (Tract 030601) | $328K | $364K | +11.2% | |
| Chicago (Tract 010502) | $298K | $318K | +6.5% | |
| Chicago (Tract 063303) | $322K | $338K | +4.9% | |
| Chicago (Tract 020302) | $299K | $310K | +3.8% | |
| Chicago (Tract 061901) | $303K | $313K | +3.5% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Chicago (Tract 030900) | $453K | $541K | +19.4% | |
| Chicago area | $841K | $1.00M | +19.0% | |
| Chicago (Tract 030200) | $535K | $629K | +17.6% | |
| Chicago (Tract 071500) | $402K | $471K | +17.1% | |
| Chicago (Tract 061100) | $627K | $735K | +17.1% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Chicago (Tract 020301) | $223K | $235K | $111K | |
| Chicago (Tract 031300) | $172K | $193K | $99K | |
| Chicago (Tract 010702) | $235K | $241K | $98K | |
| Chicago (Tract 020500) | $182K | $190K | $75K | |
| Chicago (Tract 020902) | $124K | $138K | $69K |
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.
