Loading forecast data...
Ready to see your forecast?
Look up a home and see where its value may be headed over the next five years.
Loading forecast data...
Look up a home and see where its value may be headed over the next five years.
Essex, NJ · ZIP 07044 · Census Tract 34013021000 · 2027–2030 outlook
Current modeled value
$640K
Downside (P10)
$513K
-20% by 2030
Base Case (P50)
$650K
+2% by 2030
Upside (P90)
$919K
+44% by 2030
Base case: +2% by 2030, with a forecast range from -20% to +44%. The model forecasts this with 66% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $462K | $462K | $461K | $480K | $499K | $510K | $554K | $629K | $662K | $648K | $640K | $655K | $654K | $650K | $674K |
| YoY Change | -0.0% | -0.2% | +4.2% | +3.8% | +2.2% | +8.6% | +13.7% | +5.2% | -2.1% | -1.2% | +2.3% | -0.2% | -0.6% | +3.6% | |
| Downside (P10) | $519K | $524K | $513K | $594K | |||||||||||
| Upside (P90) | $795K | $899K | $919K | $754K |
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
$519K to $795K
42.1% of median
5-Year Spread
$594K to $754K
23.6% 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 |
|---|---|---|---|---|
| Verona | $651K | $650K | -0.1% | |
| Cedar Grove | $629K | $707K | +12.4% | |
| Montclair (Tract 016600) | $644K | $711K | +10.4% | |
| Verona | $634K | $693K | +9.3% | |
| West Orange | $644K | $699K | +8.6% | |
| Montclair (Tract 017200) | $628K | $681K | +8.4% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Verona | $651K | $650K | -0.1% | |
| 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 |
|---|---|---|---|---|
| Verona | $651K | $650K | $406K | |
| 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.