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Itasca, MN · ZIP 56636 · Census Tract 27061480302 · 2027–2030 outlook
Current modeled value
$188K
Downside (P10)
$153K
-18% by 2030
Base Case (P50)
$193K
+3% by 2030
Upside (P90)
$308K
+64% by 2030
Base case: +3% by 2030, with a forecast range from -18% to +64%. The model forecasts this with 56% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|
| Median Value | $123K | $124K | $147K | $176K | $182K | $188K | $185K | $192K | $193K |
| YoY Change | +1.1% | +18.7% | +19.6% | +3.1% | +3.4% | -1.2% | +3.9% | +0.5% | |
| Downside (P10) | $160K | $154K | $153K | ||||||
| Upside (P90) | $257K | $287K | $308K |
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
$160K to $257K
52.1% of median
5-Year Spread
$153K to $308K
80.0% 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 |
|---|---|---|---|---|
| Deer River area | $185K | $193K | +4.5% | |
| Balsam area | $202K | $231K | +14.2% | |
| Effie area | $188K | $213K | +13.5% | |
| Grand Rapids (Tract 480803) | $208K | $236K | +13.3% | |
| Grand Rapids (Tract 480901) | $172K | $188K | +9.5% | |
| Spang area | $183K | $197K | +7.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Deer River area | $185K | $193K | +4.5% | |
| Grand Rapids | $241K | $278K | +15.4% | |
| Kinghurst area | $250K | $287K | +14.5% | |
| Wabana area | $350K | $400K | +14.3% | |
| Balsam area | $202K | $231K | +14.2% | |
| Deer Lake | $218K | $249K | +14.2% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Deer River area | $185K | $193K | $155K | |
| Grand Rapids area | $222K | $246K | $110K | |
| Grand Rapids | $172K | $188K | $107K | |
| Spang area | $183K | $197K | $107K | |
| Greenway area | $164K | $179K | $91K | |
| Northeast Itasca area | $113K | $123K | $61K |
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.