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Cape May, NJ · ZIP 08204 · Census Tract 34009021805 · 2027–2030 outlook
Current modeled value
$376K
Downside (P10)
$294K
-22% by 2030
Base Case (P50)
$375K
-0% by 2030
Upside (P90)
$474K
+26% by 2030
Base case: -0% by 2030, with a forecast range from -22% to +26%. The model forecasts this with 74% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $243K | $246K | $246K | $249K | $247K | $245K | $257K | $283K | $320K | $370K | $376K | $385K | $380K | $375K | $382K |
| YoY Change | +0.9% | +0.2% | +1.3% | -0.9% | -0.7% | +4.8% | +10.2% | +12.9% | +15.9% | +1.5% | +2.5% | -1.4% | -1.3% | +1.9% | |
| Downside (P10) | $321K | $314K | $294K | $341K | |||||||||||
| Upside (P90) | $431K | $446K | $474K | $431K |
The forecast range is very tight for this market, indicating strong model confidence. Near-term outcomes are constrained and remain highly predictable through the full horizon.
1-Year Spread
$321K to $431K
28.7% of median
5-Year Spread
$341K to $431K
23.7% 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 |
|---|---|---|---|---|
| Lower · Cape May · (Tract 218.5) | $375K | $375K | +0.0% | |
| Cape May Court House | $382K | $422K | +10.3% | |
| Middle | $408K | $445K | +9.0% | |
| Dennis (Tract 020600) | $375K | $407K | +8.6% | |
| Wildwood | $385K | $410K | +6.6% | |
| Dennis (Tract 020700) | $367K | $388K | +5.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Lower · Cape May · (Tract 218.5) | $375K | $375K | +0.0% | |
| Ocean City (Tract 020203) | $968K | $1.16M | +20.3% | |
| Upper | $327K | $391K | +19.5% | |
| Ocean City (Tract 020206) | $752K | $881K | +17.2% | |
| West Cape May area | $757K | $874K | +15.4% | |
| Lower | $557K | $627K | +12.6% |
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.