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Look up a home and see where its value may be headed over the next five years.
Morris, NJ · ZIP 07932 · Census Tract 34027042602 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$685K
Downside (P10)
$536K
-22% by 2030
Base Case (P50)
$681K
-1% by 2030
Upside (P90)
$927K
+35% by 2030
Base case: -1% by 2030, with a forecast range from -22% to +35%. The model forecasts this with 68% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|
| Median Value | $469K | $479K | $593K | $620K | $683K | $685K | $686K | $692K | $681K |
| YoY Change | +2.2% | +23.9% | +4.5% | +10.1% | +0.3% | +0.1% | +0.9% | -1.5% | |
| Downside (P10) | $548K | $506K | $536K | ||||||
| Upside (P90) | $847K | $892K | $927K |
The forecast range is moderate for this market over this horizon. The confidence level stays remarkably consistent through the forecast period.
1-Year Spread
$548K to $847K
43.7% of median
5-Year Spread
$536K to $927K
57.4% 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 |
|---|---|---|---|---|
| Florham Park · 07932 · (Tract 426.2) | $680K | $681K | +0.2% | |
| East Hanover | $677K | $784K | +15.9% | |
| Montville | $708K | $769K | +8.6% | |
| Madison | $698K | $745K | +6.8% | |
| Kinnelon | $683K | $728K | +6.6% | |
| Morris | $681K | $707K | +3.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Florham Park · 07932 · (Tract 426.2) | $680K | $681K | +0.2% | |
| Parsippany | $476K | $559K | +17.5% | |
| Morristown (Tract 043500) | $418K | $490K | +17.2% | |
| Morristown (Tract 043601) | $525K | $614K | +17.0% | |
| Boonton | $537K | $624K | +16.2% | |
| East Hanover | $677K | $784K | +15.9% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Florham Park · 07932 · (Tract 426.2) | $680K | $681K | $391K | |
| Lake Hiawatha | $429K | $475K | $234K | |
| Parsippany-Troy Hills | $470K | $508K | $234K | |
| Morristown | $418K | $490K | $213K | |
| Pompton Plains | $429K | $483K | $209K | |
| Boonton | $497K | $536K | $202K |
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.