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Look up a home and see where its value may be headed over the next five years.
Essex, MA · ZIP 01940 · Census Tract 25009209200 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$1.01M
Downside (P10)
$844K
-16% by 2030
Base Case (P50)
$1.08M
+7% by 2030
Upside (P90)
$1.46M
+45% by 2030
Base case: +7% by 2030, with a forecast range from -16% to +45%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $624K | $632K | $658K | $683K | $709K | $749K | $803K | $905K | $963K | $998K | $1.0M | $1.0M | $1.1M | $1.1M |
| YoY Change | +1.4% | +4.1% | +3.7% | +3.9% | +5.5% | +7.2% | +12.8% | +6.4% | +3.6% | +1.0% | +4.0% | +5.1% | -2.0% | |
| Downside (P10) | $861K | $827K | $844K | |||||||||||
| Upside (P90) | $1.3M | $1.4M | $1.5M |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$861K to $1.31M
42.9% of median
5-Year Spread
$844K to $1.46M
57.0% 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 |
|---|---|---|---|---|
| Lynnfield · 01940 · (Tract 2092) | $1.02M | $1.08M | +6.5% | |
| Andover (Tract 254301) | $1.00M | $1.16M | +15.3% | |
| Andover (Tract 254403) | $935K | $1.00M | +7.4% | |
| North Andover | $943K | $987K | +4.7% | |
| Marblehead (Tract 203200) | $1.01M | $1.06M | +4.6% | |
| Marblehead (Tract 203302) | $1.04M | $1.05M | +0.3% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Lynnfield · 01940 · (Tract 2092) | $1.02M | $1.08M | +6.5% | |
| Saugus | $629K | $758K | +20.6% | |
| Lawrence (Tract 251600) | $452K | $545K | +20.5% | |
| Lawrence (Tract 250800) | $365K | $434K | +19.0% | |
| Rockport | $784K | $927K | +18.2% | |
| Danvers | $709K | $834K | +17.6% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Lynnfield · 01940 · (Tract 2092) | $1.02M | $1.08M | $616K | |
| Amesbury Town | $502K | $507K | $215K | |
| Danvers | $601K | $607K | $193K | |
| Haverhill | $381K | $391K | $156K | |
| Lynn | $336K | $358K | $148K | |
| Lawrence | $241K | $250K | $122K |
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.