What is the home price forecast for Parcel 34023004502 in Perth Amboy · 08861 · (Tract 45.2)?

Homecastr forecasts median home values at $296,618 currently, with a 5-year expected change of 11.3%.

What is the home price forecast for Parcel 34023004502 in Perth Amboy · 08861 · (Tract 45.2)?

Homecastr forecasts median home values at $296,618 currently, with a 5-year expected change of 11.3%.

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Parcel 34023004502 (Perth Amboy) Home Price Forecast | Homecastr

Parcel 34023004502, Perth Amboy · 08861 · (Tract 45.2) Home Price Forecast

Middlesex, NJ · ZIP 08861 · Census Tract 34023004502 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$297K

Downside (P10)

$215K

-28% by 2030

Base Case (P50)

$330K

+11% by 2030

Upside (P90)

$457K

+54% by 2030

Base case: +11% by 2030, with a forecast range from -28% to +54%. The model forecasts this with 60% 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	$235K	$240K	$427K	$291K	$283K	$297K	$305K	$317K	$330K
Growth $ vs 2026	-$61,518	-$56,318	+$130,482	-$6,118	-$13,518		+$8,583	+$20,066	+$33,660
Growth % vs 2026	-20.7%	-19.0%	+44.0%	-2.1%	-4.6%		+2.9%	+6.8%	+11.3%
Downside (P10)							$240K	$238K	$215K
Upside (P90)							$373K	$406K	$457K

Forecast Confidence

60%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.

Near-term band

$240K to $373K

43.6% of median

Long-horizon band

$215K to $457K

73.3% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +11.3% · Spread: 73%

·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.

Location

Parcel 34023004502, Perth Amboy · 08861 · (Tract 45.2) 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).