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Passaic, NJ · ZIP 07503 · Census Tract 34031182900 · 2027–2030 outlook
Current modeled value
$346K
Downside (P10)
$299K
-13% by 2030
Base Case (P50)
$351K
+2% by 2030
Upside (P90)
$455K
+31% by 2030
Base case: +2% by 2030, with a forecast range from -13% to +31%. The model forecasts this with 76% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $238K | $183K | $123K | $122K | $146K | $153K | $235K | $283K | $342K | $336K | $346K | $337K | $359K | $351K |
| YoY Change | -22.8% | -32.8% | -0.7% | +19.6% | +4.7% | +53.7% | +20.1% | +20.9% | -1.8% | +3.0% | -2.6% | +6.5% | -2.2% | |
| Downside (P10) | $307K | $313K | $299K | |||||||||||
| Upside (P90) | $404K | $441K | $455K |
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
$307K to $404K
28.9% of median
5-Year Spread
$299K to $455K
44.3% 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 | $344K | $351K | +2.1% | |
| Passaic | $345K | $384K | +11.3% | |
| Paterson (Tract 182701) | $346K | $382K | +10.3% | |
| Paterson (Tract 182502) | $351K | $373K | +6.3% | |
| Paterson (Tract 183101) | $341K | $361K | +5.9% | |
| 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 | $344K | $351K | +2.1% | |
| 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 | $344K | $351K | $155K | |
| Passaic (Tract 175801) | $209K | $230K | $152K | |
| Paterson (Tract 181000) | $246K | $288K | $147K | |
| Paterson (Tract 181500) | $247K | $275K | $139K | |
| Passaic (Tract 175501) | $226K | $248K | $135K | |
| Paterson (Tract 181900) | $322K | $351K | $127K |
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.