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Morris, NJ · ZIP 07950 · Census Tract 34027041606 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$407K
Downside (P10)
$314K
-23% by 2030
Base Case (P50)
$443K
+9% by 2030
Upside (P90)
$590K
+45% by 2030
Base case: +9% by 2030, with a forecast range from -23% to +45%. The model forecasts this with 66% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $346K | $362K | $406K | $318K | $393K | $407K | $427K | $423K | $443K | $408K | |
| Growth $ vs 2026 | -$60,120 | -$44,920 | -$620 | -$88,120 | -$13,620 | +$20,630 | +$16,968 | +$36,257 | +$1,482 | ||
| Growth % vs 2026 | -14.8% | -11.0% | -0.2% | -21.7% | -3.4% | +5.1% | +4.2% | +8.9% | +0.4% | ||
| Downside (P10) | $333K | $306K | $314K | $363K | |||||||
| Upside (P90) | $492K | $549K | $590K | $457K |
The predictive band is relatively tight for this surface. Near-term outcomes are well constrained and remain comparatively stable through the forecast window.
Near-term band
$333K to $492K
37.4% of median
Long-horizon band
$363K to $457K
23.0% 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-Troy Hills · Morris Plains · (Tract 416.6) | $405K | $443K | +9.2% | |
| Riverdale | $400K | $447K | +11.9% | |
| Lake Hiawatha | $413K | $455K | +10.2% | |
| Mount Arlington | $410K | $440K | +7.2% | |
| Lincoln Park | $405K | $426K | +5.1% | |
| Lake Hopatcong | $403K | $420K | +4.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Parsippany-Troy Hills · Morris Plains · (Tract 416.6) | $405K | $443K | +9.2% | |
| 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 |
|---|---|---|---|---|
| Parsippany-Troy Hills · Morris Plains · (Tract 416.6) | $405K | $443K | $276K | |
| 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 07950 · Census Tract 34027041606 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$407K
Downside (P10)
$314K
-23% by 2030
Base Case (P50)
$443K
+9% by 2030
Upside (P90)
$590K
+45% by 2030
Base case: +9% by 2030, with a forecast range from -23% to +45%. The model forecasts this with 66% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $346K | $362K | $406K | $318K | $393K | $407K | $427K | $423K | $443K | $408K | |
| Growth $ vs 2026 | -$60,120 | -$44,920 | -$620 | -$88,120 | -$13,620 | +$20,630 | +$16,968 | +$36,257 | +$1,482 | ||
| Growth % vs 2026 | -14.8% | -11.0% | -0.2% | -21.7% | -3.4% | +5.1% | +4.2% | +8.9% | +0.4% | ||
| Downside (P10) | $333K | $306K | $314K | $363K | |||||||
| Upside (P90) | $492K | $549K | $590K | $457K |
The predictive band is relatively tight for this surface. Near-term outcomes are well constrained and remain comparatively stable through the forecast window.
Near-term band
$333K to $492K
37.4% of median
Long-horizon band
$363K to $457K
23.0% 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-Troy Hills · Morris Plains · (Tract 416.6) | $405K | $443K | +9.2% | |
| Riverdale | $400K | $447K | +11.9% | |
| Lake Hiawatha | $413K | $455K | +10.2% | |
| Mount Arlington | $410K | $440K | +7.2% | |
| Lincoln Park | $405K | $426K | +5.1% | |
| Lake Hopatcong | $403K | $420K | +4.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Parsippany-Troy Hills · Morris Plains · (Tract 416.6) | $405K | $443K | +9.2% | |
| 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 |
|---|---|---|---|---|
| Parsippany-Troy Hills · Morris Plains · (Tract 416.6) | $405K | $443K | $276K | |
| 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.
