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Essex, NJ · ZIP 07006 · Census Tract 34013021803 · 2027–2030 outlook
Current modeled value
$671K
Downside (P10)
$528K
-21% by 2030
Base Case (P50)
$720K
+7% by 2030
Upside (P90)
$932K
+39% by 2030
Base case: +7% by 2030, with a forecast range from -21% to +39%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $463K | $468K | $473K | $485K | $498K | $498K | $501K | $600K | $617K | $651K | $671K | $679K | $696K | $720K |
| YoY Change | +1.1% | +0.9% | +2.5% | +2.6% | +0.1% | +0.5% | +19.9% | +2.8% | +5.6% | +3.0% | +1.2% | +2.5% | +3.6% | |
| Downside (P10) | $570K | $554K | $528K | |||||||||||
| Upside (P90) | $825K | $883K | $932K |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$570K to $825K
37.5% of median
5-Year Spread
$528K to $932K
56.2% 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