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Passaic, NJ · ZIP 07501 · Census Tract 34031181900 · 2027–2030 outlook
Current modeled value
$323K
Downside (P10)
$295K
-8% by 2030
Base Case (P50)
$351K
+9% by 2030
Upside (P90)
$422K
+31% by 2030
Base case: +9% by 2030, with a forecast range from -8% to +31%. The model forecasts this with 80% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $229K | $233K | $247K | $248K | $265K | $272K | $270K | $293K | $330K | $320K | $323K | $335K | $344K | $351K |
| YoY Change | +1.9% | +5.9% | +0.4% | +6.8% | +2.6% | -0.7% | +8.6% | +12.5% | -3.0% | +0.9% | +3.8% | +2.7% | +2.0% | |
| Downside (P10) | $293K | $292K | $295K | |||||||||||
| Upside (P90) | $372K | $394K | $422K |
The forecast range is very tight for this market, indicating strong model confidence. Near-term outcomes are constrained, though uncertainty widens modestly by 2030.
1-Year Spread
$293K to $372K
23.7% of median
5-Year Spread
$295K to $422K
36.1% 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 |
|---|---|---|---|---|
| Paterson | $322K | $351K | +9.0% | |
| Paterson (Tract 180700) | $321K | $349K | +8.5% | |
| West Milford | $325K | $338K | +3.9% | |
| Paterson (Tract 180301) | $317K | $358K | +12.8% | |
| Paterson (Tract 181101) | $309K | $323K | +4.5% | |
| Paterson (Tract 180204) | $338K | $349K | +3.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Paterson | $322K | $351K | +9.0% | |
| Paterson (Tract 182501) | $462K | $567K | +22.7% | |
| Woodland Park | $509K | $604K | +18.6% | |
| Haledon | $354K | $418K | +17.9% | |
| Preakness | $679K | $795K | +17.0% | |
| Paterson (Tract 181000) | $246K | $288K | +17.0% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Paterson | $322K | $351K | $127K | |
| Passaic (Tract 175501) | $226K | $248K | $135K | |
| Paterson (Tract 181500) | $247K | $275K | $139K | |
| Paterson (Tract 181000) | $246K | $288K | $147K | |
| Passaic (Tract 175801) | $209K | $230K | $152K | |
| West Milford | $325K | $338K | $153K |
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.