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Essex, NJ · ZIP 07006 · Census Tract 34013021801 · 2027–2030 outlook
Current modeled value
$698K
Downside (P10)
$603K
-14% by 2030
Base Case (P50)
$738K
+6% by 2030
Upside (P90)
$979K
+40% by 2030
Base case: +6% by 2030, with a forecast range from -14% to +40%. The model forecasts this with 72% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $477K | $499K | $503K | $518K | $536K | $590K | $574K | $642K | $673K | $685K | $698K | $724K | $717K | $738K | $710K |
| YoY Change | +4.6% | +0.8% | +2.9% | +3.6% | +10.0% | -2.7% | +11.9% | +4.8% | +1.8% | +2.0% | +3.7% | -1.0% | +2.9% | -3.8% | |
| Downside (P10) | $622K | $627K | $603K | $627K | |||||||||||
| Upside (P90) | $843K | $965K | $979K | $797K |
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
$622K to $843K
30.6% of median
5-Year Spread
$627K to $797K
23.9% of median
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