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Look up a home and see where its value may be headed over the next five years.
Cape May, NJ · ZIP 08243 · Census Tract 34009020800 · 2027–2030 outlook
Current modeled value
$1.14M
Downside (P10)
$981K
-14% by 2030
Base Case (P50)
$1.19M
+4% by 2030
Upside (P90)
$1.65M
+46% by 2030
Base case: +4% by 2030, with a forecast range from -14% to +46%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $631K | $641K | $662K | $663K | $672K | $733K | $795K | $903K | $1.0M | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M |
| YoY Change | +1.5% | +3.3% | +0.2% | +1.3% | +9.1% | +8.5% | +13.6% | +12.9% | +6.7% | +4.4% | +3.2% | +0.6% | +0.6% | |
| Downside (P10) | $1.0M | $985K | $981K | |||||||||||
| Upside (P90) | $1.4M | $1.5M | $1.7M |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$1.01M to $1.40M
33.3% of median
5-Year Spread
$981K to $1.65M
56.8% 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 |
|---|---|---|---|---|
| Sea Isle City | $1.10M | $1.19M | +7.4% | |
| Ocean City (Tract 020203) | $968K | $1.16M | +20.3% | |
| Ocean City (Tract 020205) | $845K | $950K | +12.5% | |
| Ocean City (Tract 020201) | $1.11M | $1.23M | +11.2% | |
| Cape May | $866K | $894K | +3.3% | |
| Ocean City (Tract 020102) | $938K | $964K | +2.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Sea Isle City | $1.10M | $1.19M | +7.4% | |
| 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% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Sea Isle City | $1.10M | $1.19M | $674K | |
| Lower (Tract 021804) | $294K | $314K | $184K | |
| Villas | $337K | $369K | $183K | |
| Lower (Tract 021805) | $375K | $375K | $180K | |
| Middle | $265K | $287K | $155K | |
| Woodbine | $220K | $248K | $126K |
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.