What is the home price forecast for Parcel 34027046109 in Mount Olive · Budd Lake · (Tract 461.9)?

Homecastr forecasts median home values at $515,872 currently, with a 5-year expected change of 6.8%.

What is the home price forecast for Parcel 34027046109 in Mount Olive · Budd Lake · (Tract 461.9)?

Homecastr forecasts median home values at $515,872 currently, with a 5-year expected change of 6.8%.

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Parcel 34027046109 (Mount Olive) Home Price Forecast | Homecastr

Parcel 34027046109, Mount Olive · Budd Lake · (Tract 461.9) Home Price Forecast

Morris, NJ · ZIP 07828 · Census Tract 34027046109 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$516K

Downside (P10)

$439K

-15% by 2030

Base Case (P50)

$551K

+7% by 2030

Upside (P90)

$748K

+45% by 2030

Base case: +7% by 2030, with a forecast range from -15% to +45%. The model forecasts this with 69% 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	$382K	$393K	$456K	$483K	$500K	$516K	$533K	$534K	$551K
Growth $ vs 2026	-$133,672	-$122,572	-$59,672	-$33,072	-$15,872		+$16,829	+$18,029	+$35,053
Growth % vs 2026	-25.9%	-23.8%	-11.6%	-6.4%	-3.1%		+3.3%	+3.5%	+6.8%
Downside (P10)							$453K	$432K	$439K
Upside (P90)							$627K	$668K	$748K

Forecast Confidence

69%

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

$453K to $627K

32.7% of median

Long-horizon band

$439K to $748K

56.2% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +6.8% · Spread: 56%

·The base case is supported by stable local demand and a moderate medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 34027046109, Mount Olive · Budd Lake · (Tract 461.9) 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).