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Essex, MA · ZIP 01902 · Census Tract 25009206400 · 2027–2030 outlook
Current modeled value
$494K
Downside (P10)
$394K
-20% by 2030
Base Case (P50)
$530K
+7% by 2030
Upside (P90)
$794K
+61% by 2030
Base case: +7% by 2030, with a forecast range from -20% to +61%. The model forecasts this with 58% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $234K | $246K | $270K | $275K | $301K | $330K | $355K | $446K | $464K | $477K | $494K | $507K | $531K | $530K | $497K |
| YoY Change | +5.4% | +9.4% | +2.2% | +9.1% | +9.7% | +7.8% | +25.5% | +4.0% | +2.8% | +3.6% | +2.6% | +4.8% | -0.3% | -6.2% | |
| Downside (P10) | $417K | $396K | $394K | $437K | |||||||||||
| Upside (P90) | $620K | $666K | $794K | $558K |
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
$417K to $620K
40.2% of median
5-Year Spread
$437K to $558K
24.3% of median
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