Loading forecast data...
Loading forecast data...
Union, NJ · ZIP 07083 · Census Tract 34039032901 · 2027–2030 outlook
Current modeled value
$455K
Downside (P10)
$371K
-18% by 2030
Base Case (P50)
$501K
+10% by 2030
Upside (P90)
$663K
+46% by 2030
Base case: +10% by 2030, with a forecast range from -18% to +46%. The model forecasts this with 68% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $317K | $321K | $318K | $327K | $333K | $334K | $344K | $379K | $416K | $438K | $455K | $474K | $499K | $501K | $454K |
| YoY Change | +1.2% | -0.8% | +2.9% | +1.7% | +0.3% | +3.0% | +10.2% | +9.7% | +5.3% | +3.7% | +4.4% | +5.3% | +0.2% | -9.3% | |
| Downside (P10) | $409K | $378K | $371K | $402K | |||||||||||
| Upside (P90) | $576K | $660K | $663K | $512K |
The forecast range is very tight for this market, indicating strong model confidence. Near-term outcomes are constrained and remain highly predictable through the full horizon.
1-Year Spread
$409K to $576K
35.3% of median
5-Year Spread
$402K to $512K
24.2% 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 |
|---|---|---|---|---|
| Union | $443K | $501K | +12.9% | |
| Elizabeth (Tract 030703) | $454K | $476K | +4.8% | |
| Elizabeth (Tract 031801) | $455K | $513K | +12.7% | |
| Plainfield (Tract 039700) | $456K | $509K | +11.5% | |
| Union | $456K | $509K | +11.7% | |
| Plainfield (Tract 039200) | $453K | $476K | +5.1% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Union | $443K | $501K | +12.9% | |
| Linden | $431K | $508K | +17.9% | |
| Elizabeth (Tract 030200) | $397K | $467K | +17.5% | |
| Springfield | $653K | $762K | +16.7% | |
| Elizabeth (Tract 030900) | $578K | $671K | +16.2% | |
| Union | $425K | $492K | +15.9% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Union | $443K | $501K | $293K | |
| Elizabeth | $235K | $251K | $133K | |
| Winfield | $288K | $307K | $144K | |
| Rahway | $357K | $356K | $165K | |
| Plainfield | $404K | $444K | $179K | |
| Roselle | $363K | $403K | $180K |
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.