Freeborn, MN · ZIP 56007 · Census Tract 27047180400 · 2027–2030 outlook
Current modeled value
$251K
Downside (P10)
$220K
-12% by 2030
Base Case (P50)
$263K
+5% by 2030
Upside (P90)
$318K
+27% by 2030
Base case: +5% by 2030, with a forecast range from -12% to +27%. Uncertainty is narrow relative to similar Freeborn markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $137K | $138K | $137K | $143K | $141K | $157K | $165K | $197K | $230K | $240K | $251K | $259K | $268K | $263K |
| YoY Change | +1.0% | -0.4% | +4.0% | -1.1% | +11.3% | +5.1% | +18.9% | +17.1% | +4.2% | +4.7% | +3.3% | +3.4% | -1.8% | |
| Downside (P10) | $219K | $228K | $220K | |||||||||||
| Upside (P90) | $290K | $306K | $318K |
The forecast range is narrow for this market. Near-term outcomes are relatively tight and remain tight through the full horizon.
1-Year Spread
$219K to $290K
27.2% of median
5-Year Spread
$220K to $318K
37.4% 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 |
|---|---|---|---|---|
| Albert Lea | $248K | $263K | +6.3% | |
| Albert Lea area | $222K | $247K | +11.0% | |
| Riceland area | $209K | $217K | +4.1% | |
| Hartland area | $208K | $231K | +11.1% | |
| Pickerel Lake area | $196K | $206K | +5.1% | |
| Shell Rock area | $175K | $184K | +4.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Albert Lea | $248K | $263K | +6.3% | |
| Albert Lea | $127K | $144K | +13.1% | |
| Hartland area | $208K | $231K | +11.1% | |
| Albert Lea area | $222K | $247K | +11.0% | |
| Albert Lea | $143K | $154K | +8.0% | |
| Albert Lea area | $103K | $111K | +7.9% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Albert Lea | $248K | $263K | $99K | |
| Albert Lea area | $103K | $111K | $54K | |
| Albert Lea | $127K | $144K | $78K | |
| Albert Lea | $143K | $154K | $85K | |
| Pickerel Lake area | $196K | $206K | $107K | |
| Albert Lea | $175K | $178K | $119K |
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.