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Morris, NJ · ZIP 07936 · Census Tract 34027041902 · 2027–2030 outlook
Current modeled value
$730K
Downside (P10)
$599K
-18% by 2030
Base Case (P50)
$786K
+8% by 2030
Upside (P90)
$1.08M
+48% by 2030
Base case: +8% by 2030, with a forecast range from -18% to +48%. The model forecasts this with 66% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $518K | $540K | $576K | $594K | $602K | $552K | $575K | $649K | $675K | $732K | $730K | $753K | $772K | $786K |
| YoY Change | +4.4% | +6.7% | +3.1% | +1.3% | -8.4% | +4.2% | +12.9% | +3.9% | +8.6% | -0.3% | +3.1% | +2.5% | +1.8% | |
| Downside (P10) | $644K | $645K | $599K | |||||||||||
| Upside (P90) | $898K | $1.0M | $1.1M |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$644K to $898K
33.9% of median
5-Year Spread
$599K to $1.08M
61.6% 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 |
|---|---|---|---|---|
| East Hanover · 07936 · (Tract 419.2) | $721K | $786K | +9.0% | |
| Boonton | $731K | $805K | +10.2% | |
| Randolph (Tract 045703) | $742K | $790K | +6.5% | |
| Long Hill | $751K | $809K | +7.7% | |
| Randolph (Tract 045701) | $709K | $728K | +2.8% | |
| Montville | $708K | $769K | +8.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| East Hanover · 07936 · (Tract 419.2) | $721K | $786K | +9.0% | |
| Budd Lake | $436K | $518K | +18.7% | |
| Rockaway | $478K | $565K | +18.3% | |
| Chatham | $1.09M | $1.29M | +18.1% | |
| Parsippany | $476K | $559K | +17.5% | |
| Morristown | $418K | $490K | +17.2% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| East Hanover · 07936 · (Tract 419.2) | $721K | $786K | $484K | |
| Mount Olive | $352K | $402K | $199K | |
| Boonton | $497K | $536K | $202K | |
| Rockaway | $484K | $499K | $202K | |
| Pompton Plains | $429K | $483K | $209K | |
| Dover | $381K | $435K | $210K |
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.