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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 08204 · Census Tract 34009021900 · 2027–2030 outlook
Current modeled value
$766K
Downside (P10)
$721K
-6% by 2030
Base Case (P50)
$874K
+14% by 2030
Upside (P90)
$1.09M
+43% by 2030
Base case: +14% by 2030, with a forecast range from -6% to +43%. The model forecasts this with 76% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $501K | $485K | $486K | $496K | $529K | $498K | $532K | $610K | $718K | $743K | $766K | $829K | $851K | $874K |
| YoY Change | -3.1% | +0.1% | +2.0% | +6.7% | -5.7% | +6.7% | +14.7% | +17.8% | +3.4% | +3.2% | +8.2% | +2.7% | +2.8% | |
| Downside (P10) | $670K | $714K | $721K | |||||||||||
| Upside (P90) | $923K | $988K | $1.1M |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$670K to $923K
30.6% of median
5-Year Spread
$721K to $1.09M
42.7% 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 |
|---|---|---|---|---|
| West Cape May area | $757K | $874K | +15.4% | |
| Ocean City (Tract 020206) | $752K | $881K | +17.2% | |
| Ocean City (Tract 020205) | $845K | $950K | +12.5% | |
| Ocean City (Tract 020101) | $737K | $780K | +5.8% | |
| 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 |
|---|---|---|---|---|
| West Cape May area | $757K | $874K | +15.4% | |
| Ocean City (Tract 020203) | $968K | $1.16M | +20.3% | |
| Upper | $327K | $391K | +19.5% | |
| Ocean City (Tract 020206) | $752K | $881K | +17.2% | |
| Lower | $557K | $627K | +12.6% | |
| Ocean City (Tract 020205) | $845K | $950K | +12.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| West Cape May area | $757K | $874K | $374K | |
| 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.