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Lake, IN · ZIP 46406 · Census Tract 18089041100 · 2027–2030 outlook
Current modeled value
$59K
Downside (P10)
$49K
-16% by 2030
Base Case (P50)
$65K
+10% by 2030
Upside (P90)
$84K
+43% by 2030
Base case: +10% by 2030, with a forecast range from -16% to +43%. The model forecasts this with 71% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $64K | $53K | $54K | $61K | $63K | $49K | $53K | $54K | $54K | $56K | $59K | $62K | $64K | $65K |
| YoY Change | -17.0% | +1.3% | +13.2% | +2.8% | -21.5% | +7.9% | +1.9% | -1.1% | +4.7% | +5.1% | +5.1% | +2.9% | +2.0% | |
| Downside (P10) | $50K | $50K | $49K | |||||||||||
| Upside (P90) | $72K | $81K | $84K |
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
$50K to $72K
35.5% of median
5-Year Spread
$49K to $84K
53.5% 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 |
|---|---|---|---|---|
| Gary | $58K | $65K | +11.6% | |
| East Chicago | $67K | $77K | +14.7% | |
| Gary (Tract 011900) | $53K | $59K | +11.2% | |
| Gary (Tract 012100) | $65K | $72K | +9.4% | |
| Gary (Tract 011600) | $65K | $68K | +4.4% | |
| Gary (Tract 012000) | $58K | $60K | +3.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Gary | $58K | $65K | +11.6% | |
| Gary (Tract 010302) | $111K | $133K | +19.5% | |
| Hammond (Tract 021600) | $161K | $192K | +18.9% | |
| Cedar Creek | $371K | $440K | +18.6% | |
| Hammond (Tract 020500) | $105K | $124K | +17.6% | |
| Gary (Tract 010206) | $100K | $116K | +16.3% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Gary | $58K | $65K | $35K | |
| Gary (Tract 010500) | $76K | $84K | $42K | |
| Gary (Tract 012400) | $70K | $76K | $38K | |
| Gary (Tract 012100) | $65K | $72K | $37K | |
| Gary (Tract 012000) | $58K | $60K | $30K | |
| Gary (Tract 011900) | $53K | $59K | $27K |
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.