What is the home price forecast for Parcel 34027046110 in Mount Olive · Budd Lake · (Tract 461.10)?

Homecastr forecasts median home values at $557,639 currently, with a 5-year expected change of 14.6%.

What is the home price forecast for Parcel 34027046110 in Mount Olive · Budd Lake · (Tract 461.10)?

Homecastr forecasts median home values at $557,639 currently, with a 5-year expected change of 14.6%.

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Parcel 34027046110 (Mount Olive) Home Price Forecast | Homecastr

Parcel 34027046110, Mount Olive · Budd Lake · (Tract 461.10) Home Price Forecast

Morris, NJ · ZIP 07828 · Census Tract 34027046110 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$558K

Downside (P10)

$461K

-17% by 2030

Base Case (P50)

$639K

+15% by 2030

Upside (P90)

$833K

+49% by 2030

Base case: +15% by 2030, with a forecast range from -17% to +49%. The model forecasts this with 68% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2020	2021	2022	2023	2024	2026	2027	2028	2029
Median Value	$402K	$421K	$469K	$495K	$549K	$558K	$573K	$602K	$639K
Growth $ vs 2026	-$156,139	-$136,339	-$88,539	-$62,639	-$8,639		+$15,832	+$44,196	+$81,157
Growth % vs 2026	-28.0%	-24.4%	-15.9%	-11.2%	-1.5%		+2.8%	+7.9%	+14.6%
Downside (P10)							$492K	$458K	$461K
Upside (P90)							$731K	$813K	$833K

Forecast Confidence

68%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. The confidence profile stays fairly consistent across the horizon.

Near-term band

$492K to $731K

41.7% of median

Long-horizon band

$461K to $833K

58.3% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +14.6% · Spread: 58%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 34027046110, Mount Olive · Budd Lake · (Tract 461.10) on map

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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.

Methodology & Data Sources

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

U.S. Census Bureau. American Community Survey (ACS), 5-Year Estimates, Table B25077 (Median Home Value), Census Tract level.
U.S. Census Bureau. TIGER/Line Shapefiles, Census Tract and ZCTA boundaries.
Federal Reserve Bank of St. Louis (FRED). 30-Year Fixed Rate Mortgage Average (MORTGAGE30US), Unemployment Rate (UNRATE), Consumer Price Index (CPIAUCSL).