Loading forecast data...
Loading forecast data...
Essex, NJ · ZIP 07102 · Census Tract 34013008000 · 2027–2030 outlook
Current modeled value
$408K
Downside (P10)
$356K
-13% by 2030
Base Case (P50)
$474K
+16% by 2030
Upside (P90)
$624K
+53% by 2030
Base case: +16% by 2030, with a forecast range from -13% to +53%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $224K | $230K | $289K | $325K | $344K | $355K | $433K | $447K | $371K | $397K | $408K | $417K | $440K | $474K | $412K |
| YoY Change | +2.5% | +25.7% | +12.5% | +5.9% | +3.3% | +21.8% | +3.4% | -17.1% | +7.1% | +2.8% | +2.1% | +5.7% | +7.6% | -13.1% | |
| Downside (P10) | $362K | $357K | $356K | $363K | |||||||||||
| Upside (P90) | $501K | $558K | $624K | $472K |
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
$362K to $501K
33.4% of median
5-Year Spread
$363K to $472K
26.5% 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 |
|---|---|---|---|---|
| Newark | $402K | $474K | +17.9% | |
| Newark (Tract 007300) | $412K | $479K | +16.4% | |
| 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 |
|---|---|---|---|---|
| Newark | $402K | $474K | +17.9% | |
| 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 |
|---|---|---|---|---|
| Newark | $402K | $474K | $268K | |
| 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.