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Look up a home and see where its value may be headed over the next five years.
Essex, MA · ZIP 01844 · Census Tract 25009252502 · 2027–2030 outlook
Current modeled value
$488K
Downside (P10)
$420K
-14% by 2030
Base Case (P50)
$515K
+5% by 2030
Upside (P90)
$821K
+68% by 2030
Base case: +5% by 2030, with a forecast range from -14% to +68%. The model forecasts this with 57% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $275K | $288K | $292K | $316K | $321K | $325K | $352K | $425K | $452K | $473K | $488K | $487K | $503K | $515K |
| YoY Change | +4.6% | +1.6% | +8.1% | +1.4% | +1.2% | +8.3% | +20.8% | +6.4% | +4.5% | +3.3% | -0.3% | +3.2% | +2.4% | |
| Downside (P10) | $416K | $422K | $420K | |||||||||||
| Upside (P90) | $657K | $722K | $821K |
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
$416K to $657K
49.5% of median
5-Year Spread
$420K to $821K
78.1% 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 |
|---|---|---|---|---|
| Methuen Town · Methuen · (Tract 2525.2) | $476K | $515K | +8.1% | |
| Gloucester | $489K | $552K | +12.7% | |
| Lawrence | $483K | $534K | +10.6% | |
| Lynn | $487K | $531K | +9.0% | |
| Methuen Town | $486K | $523K | +7.7% | |
| Salem | $485K | $509K | +4.9% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Methuen Town · Methuen · (Tract 2525.2) | $476K | $515K | +8.1% | |
| 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 |
|---|---|---|---|---|
| Methuen Town · Methuen · (Tract 2525.2) | $476K | $515K | $402K | |
| 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.