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Chicago, IL · ZIP 60453 · Census Tract 17031822601 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$292K
Downside (P10)
$231K
-21% by 2030
Base Case (P50)
$295K
+1% by 2030
Upside (P90)
$403K
+38% by 2030
Base case: +1% by 2030, with a forecast range from -21% to +38%. The model forecasts this with 68% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $194K | $195K | $201K | $203K | $215K | $219K | $224K | $266K | $286K | $299K | $292K | $291K | $287K | $295K |
| YoY Change | +0.6% | +3.3% | +0.6% | +5.9% | +1.9% | +2.4% | +18.8% | +7.5% | +4.5% | -2.5% | -0.1% | -1.4% | +2.7% | |
| Downside (P10) | $252K | $245K | $231K | |||||||||||
| Upside (P90) | $358K | $376K | $403K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$252K to $358K
36.2% of median
5-Year Spread
$231K to $403K
58.1% 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 |
|---|---|---|---|---|
| Oak Lawn · 60453 · (Tract 8226.1) | $297K | $295K | -0.5% | |
| Hanover Park | $292K | $338K | +15.5% | |
| Bremen | $291K | $317K | +9.1% | |
| Chicago (Tract 837000) | $291K | $316K | +8.5% | |
| Chicago (Tract 351100) | $291K | $309K | +6.1% | |
| Cicero | $291K | $309K | +6.0% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Oak Lawn · 60453 · (Tract 8226.1) | $297K | $295K | -0.5% | |
| 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.