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Look up a home and see where its value may be headed over the next five years.
Morris, NJ · ZIP 07405 · Census Tract 34027040702 · 2027–2030 outlook
Current modeled value
$770K
Downside (P10)
$656K
-15% by 2030
Base Case (P50)
$821K
+7% by 2030
Upside (P90)
$1.11M
+44% by 2030
Base case: +7% by 2030, with a forecast range from -15% to +44%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $595K | $589K | $621K | $617K | $642K | $653K | $682K | $712K | $698K | $759K | $770K | $787K | $801K | $821K |
| YoY Change | -0.9% | +5.3% | -0.7% | +4.1% | +1.7% | +4.6% | +4.3% | -1.9% | +8.8% | +1.4% | +2.2% | +1.8% | +2.5% | |
| Downside (P10) | $659K | $663K | $656K | |||||||||||
| Upside (P90) | $945K | $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
$659K to $945K
36.4% of median
5-Year Spread
$656K to $1.11M
55.1% 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 |
|---|---|---|---|---|
| Kinnelon · Butler · (Tract 407.2) | $766K | $821K | +7.2% | |
| Chester | $768K | $847K | +10.3% | |
| Montville (Tract 040801) | $764K | $840K | +9.9% | |
| Morris (Tract 043301) | $780K | $853K | +9.3% | |
| Montville (Tract 040803) | $765K | $830K | +8.5% | |
| Morris (Tract 043402) | $757K | $821K | +8.4% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Kinnelon · Butler · (Tract 407.2) | $766K | $821K | +7.2% | |
| 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 |
|---|---|---|---|---|
| Kinnelon · Butler · (Tract 407.2) | $766K | $821K | $453K | |
| Dover | $381K | $435K | $210K | |
| Pompton Plains | $429K | $483K | $209K | |
| Rockaway | $484K | $499K | $202K | |
| Boonton | $497K | $536K | $202K | |
| Mount Olive | $352K | $402K | $199K |
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.