What is the home price forecast for Parcel 34023004501 in Perth Amboy · 08861 · (Tract 45.1)?

Homecastr forecasts median home values at $467,296 currently, with a 5-year expected change of 16.1%.

What is the home price forecast for Parcel 34023004501 in Perth Amboy · 08861 · (Tract 45.1)?

Homecastr forecasts median home values at $467,296 currently, with a 5-year expected change of 16.1%.

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Parcel 34023004501 (Perth Amboy) Home Price Forecast | Homecastr

Parcel 34023004501, Perth Amboy · 08861 · (Tract 45.1) Home Price Forecast

Middlesex, NJ · ZIP 08861 · Census Tract 34023004501 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$467K

Downside (P10)

$430K

-8% by 2030

Base Case (P50)

$542K

+16% by 2030

Upside (P90)

$678K

+45% by 2030

Base case: +16% by 2030, with a forecast range from -8% to +45%. The model forecasts this with 75% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2020	2021	2022	2023	2024	2026	2027	2028	2029
Median Value	$296K	$343K	$358K	$370K	$467K	$467K	$478K	$507K	$542K
Growth $ vs 2026	-$171,296	-$123,896	-$109,096	-$97,596	+$4		+$10,883	+$40,200	+$75,016
Growth % vs 2026	-36.7%	-26.5%	-23.3%	-20.9%	+0.0%		+2.3%	+8.6%	+16.1%
Downside (P10)							$404K	$414K	$430K
Upside (P90)							$603K	$634K	$678K

Forecast Confidence

75%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. The confidence profile stays fairly consistent across the horizon.

Near-term band

$404K to $603K

41.7% of median

Long-horizon band

$430K to $678K

45.7% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +16.1% · Spread: 46%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 34023004501, Perth Amboy · 08861 · (Tract 45.1) on map

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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.

Methodology & Data Sources

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

U.S. Census Bureau. American Community Survey (ACS), 5-Year Estimates, Table B25077 (Median Home Value), Census Tract level.
U.S. Census Bureau. TIGER/Line Shapefiles, Census Tract and ZCTA boundaries.
Federal Reserve Bank of St. Louis (FRED). 30-Year Fixed Rate Mortgage Average (MORTGAGE30US), Unemployment Rate (UNRATE), Consumer Price Index (CPIAUCSL).