Monmouth, NJ · ZIP 07704 · Census Tract 34025803700 · 2027–2030 outlook
Current modeled value
$999K
Downside (P10)
$845K
-15% by 2030
Base Case (P50)
$1.05M
+5% by 2030
Upside (P90)
$1.30M
+30% by 2030
Base case: +5% by 2030, with a forecast range from -15% to +30%. Uncertainty is narrow relative to similar Monmouth markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $644K | $665K | $686K | $708K | $732K | $772K | $797K | $898K | $943K | $992K | $999K | $1.0M | $1.0M | $1.0M |
| YoY Change | +3.2% | +3.3% | +3.2% | +3.4% | +5.5% | +3.1% | +12.8% | +5.0% | +5.2% | +0.7% | +3.7% | -1.1% | +2.3% | |
| Downside (P10) | $898K | $856K | $845K | |||||||||||
| Upside (P90) | $1.2M | $1.3M | $1.3M |
The forecast range is narrow for this market. Near-term outcomes are relatively tight and remain tight through the full horizon.
1-Year Spread
$898K to $1.20M
29.5% of median
5-Year Spread
$845K to $1.30M
43.8% 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 |
|---|---|---|---|---|
| Fair Haven | $995K | $1.05M | +5.3% | |
| Bradley Beach | $999K | $1.09M | +9.1% | |
| Ocean Grove | $984K | $1.06M | +7.4% | |
| Belmar | $1.02M | $1.09M | +7.5% | |
| Monmouth Beach | $1.02M | $1.09M | +6.3% | |
| West Long Branch | $972K | $1.10M | +13.0% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Fair Haven | $995K | $1.05M | +5.3% | |
| Red Bank | $408K | $486K | +19.2% | |
| Red Bank | $681K | $811K | +19.1% | |
| Ocean | $743K | $877K | +18.2% | |
| Union Beach | $472K | $556K | +17.6% | |
| Oceanport | $765K | $896K | +17.2% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Fair Haven | $995K | $1.05M | $459K | |
| Asbury Park | $222K | $244K | $100K | |
| Keansburg | $296K | $316K | $178K | |
| Keansburg | $332K | $356K | $180K | |
| Farmingdale | $435K | $477K | $199K | |
| Howell | $383K | $398K | $202K |
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.