Itasca, MN · ZIP 55744 · Census Tract 27061480701 · 2027–2030 outlook
Current modeled value
$184K
Downside (P10)
$146K
-20% by 2030
Base Case (P50)
$197K
+7% by 2030
Upside (P90)
$253K
+38% by 2030
Base case: +7% by 2030, with a forecast range from -20% to +38%. Uncertainty is narrow relative to similar Itasca markets.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $210K | $194K | $214K | $188K | $179K | $184K | $186K | $197K | $197K | $187K |
| YoY Change | -7.4% | +10.1% | -12.3% | -4.4% | +2.6% | +1.4% | +5.8% | -0.1% | -5.0% | |
| Downside (P10) | $156K | $152K | $146K | $164K | ||||||
| Upside (P90) | $208K | $232K | $253K | $210K |
The forecast range is narrow for this market. Near-term outcomes are relatively tight and remain tight through the full horizon.
1-Year Spread
$156K to $208K
27.8% of median
5-Year Spread
$164K to $210K
24.2% 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 |
|---|---|---|---|---|
| Spang area | $183K | $197K | +7.6% | |
| Deer River area | $185K | $193K | +4.5% | |
| Effie area | $188K | $213K | +13.5% | |
| Grand Rapids | $172K | $188K | +9.5% | |
| Balsam area | $202K | $231K | +14.2% | |
| Greenway area | $164K | $179K | +9.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Spang area | $183K | $197K | +7.6% | |
| 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 |
|---|---|---|---|---|
| Spang area | $183K | $197K | $107K | |
| Northeast Itasca area | $113K | $123K | $61K | |
| Greenway area | $164K | $179K | $91K | |
| Grand Rapids | $172K | $188K | $107K | |
| Grand Rapids area | $222K | $246K | $110K | |
| Effie area | $188K | $213K | $118K |
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.