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Morris, NJ · ZIP 07054 · Census Tract 34027041801 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$483K
Downside (P10)
$430K
-11% by 2030
Base Case (P50)
$559K
+16% by 2030
Upside (P90)
$729K
+51% by 2030
Base case: +16% by 2030, with a forecast range from -11% to +51%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $355K | $369K | $391K | $429K | $440K | $409K | $427K | $447K | $441K | $469K | $483K | $507K | $531K | $559K | |
| Growth $ vs 2026 | -$128,711 | -$114,511 | -$92,411 | -$54,511 | -$43,711 | -$74,711 | -$56,711 | -$36,311 | -$42,111 | -$14,311 | +$23,574 | +$48,075 | +$75,677 | ||
| Growth % vs 2026 | -26.6% | -23.7% | -19.1% | -11.3% | -9.0% | -15.5% | -11.7% | -7.5% | -8.7% | -3.0% | +4.9% | +9.9% | +15.7% | ||
| Downside (P10) | $450K | $435K | $430K | ||||||||||||
| Upside (P90) | $563K | $624K | $729K |
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
$450K to $563K
22.3% of median
Long-horizon band
$430K to $729K
53.7% 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 |
|---|---|---|---|---|
| Parsippany · 07054 · (Tract 418.1) | $476K | $559K | +17.5% | |
| Rockaway (Tract 044502) | $478K | $565K | +18.3% | |
| Ledgewood | $494K | $548K | +11.0% | |
| White Meadow Lake (Tract 044404) | $473K | $515K | +8.8% | |
| White Meadow Lake (Tract 044403) | $488K | $527K | +7.8% | |
| Rockaway (Tract 044504) | $484K | $499K | +3.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Parsippany · 07054 · (Tract 418.1) | $476K | $559K | +17.5% | |
| Budd Lake | $436K | $518K | +18.7% | |
| Rockaway | $478K | $565K | +18.3% | |
| Chatham | $1.09M | $1.29M | +18.1% | |
| Morristown (Tract 043500) | $418K | $490K | +17.2% | |
| Morristown (Tract 043601) | $525K | $614K | +17.0% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Parsippany · 07054 · (Tract 418.1) | $476K | $559K | $300K | |
| 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
Morris, NJ · ZIP 07054 · Census Tract 34027041801 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$483K
Downside (P10)
$430K
-11% by 2030
Base Case (P50)
$559K
+16% by 2030
Upside (P90)
$729K
+51% by 2030
Base case: +16% by 2030, with a forecast range from -11% to +51%. The model forecasts this with 70% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $355K | $369K | $391K | $429K | $440K | $409K | $427K | $447K | $441K | $469K | $483K | $507K | $531K | $559K | |
| Growth $ vs 2026 | -$128,711 | -$114,511 | -$92,411 | -$54,511 | -$43,711 | -$74,711 | -$56,711 | -$36,311 | -$42,111 | -$14,311 | +$23,574 | +$48,075 | +$75,677 | ||
| Growth % vs 2026 | -26.6% | -23.7% | -19.1% | -11.3% | -9.0% | -15.5% | -11.7% | -7.5% | -8.7% | -3.0% | +4.9% | +9.9% | +15.7% | ||
| Downside (P10) | $450K | $435K | $430K | ||||||||||||
| Upside (P90) | $563K | $624K | $729K |
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
$450K to $563K
22.3% of median
Long-horizon band
$430K to $729K
53.7% 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 |
|---|---|---|---|---|
| Parsippany · 07054 · (Tract 418.1) | $476K | $559K | +17.5% | |
| Rockaway (Tract 044502) | $478K | $565K | +18.3% | |
| Ledgewood | $494K | $548K | +11.0% | |
| White Meadow Lake (Tract 044404) | $473K | $515K | +8.8% | |
| White Meadow Lake (Tract 044403) | $488K | $527K | +7.8% | |
| Rockaway (Tract 044504) | $484K | $499K | +3.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Parsippany · 07054 · (Tract 418.1) | $476K | $559K | +17.5% | |
| Budd Lake | $436K | $518K | +18.7% | |
| Rockaway | $478K | $565K | +18.3% | |
| Chatham | $1.09M | $1.29M | +18.1% | |
| Morristown (Tract 043500) | $418K | $490K | +17.2% | |
| Morristown (Tract 043601) | $525K | $614K | +17.0% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Parsippany · 07054 · (Tract 418.1) | $476K | $559K | $300K | |
| 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.
Deep dive into property-level home price forecasts for parcels in this area.
