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Look up a home and see where its value may be headed over the next five years.
Essex, NJ · ZIP 07018 · Census Tract 34013010900 · 2027–2030 outlook
Current modeled value
$406K
Downside (P10)
$350K
-14% by 2030
Base Case (P50)
$420K
+3% by 2030
Upside (P90)
$553K
+36% by 2030
Base case: +3% by 2030, with a forecast range from -14% to +36%. The model forecasts this with 73% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $234K | $249K | $224K | $224K | $257K | $245K | $240K | $285K | $298K | $380K | $406K | $407K | $419K | $420K |
| YoY Change | +6.3% | -9.9% | -0.1% | +14.9% | -4.7% | -2.2% | +19.0% | +4.6% | +27.3% | +7.0% | +0.3% | +3.0% | +0.1% | |
| Downside (P10) | $352K | $357K | $350K | |||||||||||
| Upside (P90) | $473K | $518K | $553K |
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
$352K to $473K
29.8% of median
5-Year Spread
$350K to $553K
48.3% 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 |
|---|---|---|---|---|
| East Orange · 07018 · (Tract 109) | $394K | $420K | +6.5% | |
| Newark (Tract 008000) | $402K | $474K | +17.9% | |
| East Orange | $406K | $454K | +11.7% | |
| Belleville | $409K | $451K | +10.3% | |
| Newark (Tract 004200) | $407K | $447K | +9.8% | |
| Newark (Tract 008700) | $405K | $440K | +8.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| East Orange · 07018 · (Tract 109) | $394K | $420K | +6.5% | |
| Maplewood | $563K | $671K | +19.2% | |
| East Orange | $501K | $597K | +19.1% | |
| City of Orange (Tract 018600) | $317K | $377K | +18.9% | |
| City of Orange (Tract 018300) | $243K | $289K | +18.7% | |
| Newark | $371K | $440K | +18.5% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| East Orange · 07018 · (Tract 109) | $394K | $420K | $203K | |
| East Orange | $193K | $205K | $126K | |
| Newark (Tract 005000) | $327K | $340K | $118K | |
| Newark (Tract 008900) | $248K | $271K | $104K | |
| Newark (Tract 002800) | $164K | $184K | $98K | |
| Irvington | $147K | $166K | $95K |
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.