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Salem, NJ · ZIP 08070 · Census Tract 34033021500 · 2027–2030 outlook
Current modeled value
$193K
Downside (P10)
$162K
-16% by 2030
Base Case (P50)
$199K
+3% by 2030
Upside (P90)
$261K
+35% by 2030
Base case: +3% by 2030, with a forecast range from -16% to +35%. The model forecasts this with 73% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $153K | $152K | $152K | $153K | $156K | $161K | $156K | $184K | $190K | $189K | $193K | $196K | $198K | $199K |
| YoY Change | -0.7% | -0.1% | +0.5% | +1.9% | +3.4% | -3.0% | +17.8% | +3.3% | -0.3% | +2.0% | +1.8% | +0.7% | +0.7% | |
| Downside (P10) | $170K | $165K | $162K | |||||||||||
| Upside (P90) | $224K | $244K | $261K |
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
$170K to $224K
27.3% of median
5-Year Spread
$162K to $261K
49.5% 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 |
|---|---|---|---|---|
| Pennsville · 08070 · (Tract 215) | $191K | $199K | +4.0% | |
| Carneys Point (Tract 020500) | $209K | $232K | +10.9% | |
| Carneys Point (Tract 020400) | $194K | $210K | +8.3% | |
| Pennsville (Tract 021400) | $208K | $225K | +8.2% | |
| Pennsville (Tract 021600) | $209K | $222K | +6.2% | |
| Penns Grove | $188K | $198K | +5.7% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Pennsville · 08070 · (Tract 215) | $191K | $199K | +4.0% | |
| Upper Pittsgrove | $262K | $308K | +17.3% | |
| Pittsgrove | $313K | $358K | +14.2% | |
| Lower Alloways Creek | $258K | $291K | +12.9% | |
| Elmer | $232K | $258K | +11.3% | |
| Alloway | $334K | $371K | +10.9% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Pennsville · 08070 · (Tract 215) | $191K | $199K | $98K | |
| Elmer | $232K | $258K | $103K | |
| Pennsville | $208K | $225K | $99K | |
| Salem (Tract 021900) | $134K | $148K | $65K | |
| Salem (Tract 022100) | $101K | $100K | $59K | |
| Salem (Tract 022000) | $65K | $70K | $32K |
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.