Loading forecast data...
Ready to see your forecast?
Look up a home and see where its value may be headed over the next five years.
Loading forecast data...
Look up a home and see where its value may be headed over the next five years.
Union, NJ · ZIP 07083 · Census Tract 34039033502 · 2027–2030 outlook
Current modeled value
$512K
Downside (P10)
$422K
-18% by 2030
Base Case (P50)
$531K
+4% by 2030
Upside (P90)
$729K
+42% by 2030
Base case: +4% by 2030, with a forecast range from -18% to +42%. The model forecasts this with 68% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|
| Median Value | $383K | $383K | $445K | $448K | $500K | $512K | $525K | $520K | $531K |
| YoY Change | +0.0% | +16.0% | +0.7% | +11.8% | +2.2% | +2.7% | -1.0% | +2.2% | |
| Downside (P10) | $431K | $429K | $422K | ||||||
| Upside (P90) | $611K | $652K | $729K |
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
$431K to $611K
34.2% of median
5-Year Spread
$422K to $729K
57.8% 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 · 07083 · (Tract 335.2) | $505K | $531K | +5.3% | |
| Elizabeth (Tract 030802) | $507K | $583K | +15.1% | |
| Elizabeth (Tract 032102) | $505K | $554K | +9.7% | |
| Elizabeth (Tract 031500) | $505K | $549K | +8.7% | |
| Elizabeth (Tract 031802) | $510K | $554K | +8.6% | |
| Kenilworth | $521K | $522K | +0.3% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Union · 07083 · (Tract 335.2) | $505K | $531K | +5.3% | |
| 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 · 07083 · (Tract 335.2) | $505K | $531K | $307K | |
| Roselle | $363K | $403K | $180K | |
| Plainfield | $404K | $444K | $179K | |
| Rahway | $357K | $356K | $165K | |
| Winfield | $288K | $307K | $144K | |
| Elizabeth | $235K | $251K | $133K |
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.