Morris, NJ · ZIP 07849 · Census Tract 34027044701 · 2027–2030 outlook
Current modeled value
$405K
Downside (P10)
$309K
-24% by 2030
Base Case (P50)
$420K
+4% by 2030
Upside (P90)
$584K
+44% by 2030
Base case: +4% by 2030, with a forecast range from -24% to +44%. Uncertainty is typical relative to similar Morris markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $276K | $273K | $268K | $269K | $270K | $309K | $325K | $363K | $362K | $402K | $405K | $407K | $414K | $420K |
| YoY Change | -1.4% | -1.8% | +0.5% | +0.2% | +14.8% | +4.9% | +11.7% | -0.2% | +11.1% | +0.7% | +0.5% | +1.6% | +1.5% | |
| Downside (P10) | $329K | $317K | $309K | |||||||||||
| Upside (P90) | $480K | $494K | $584K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are relatively tight, but uncertainty widens meaningfully by 2030.
1-Year Spread
$329K to $480K
37.2% of median
5-Year Spread
$309K to $584K
65.6% 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 |
|---|---|---|---|---|
| Lake Hopatcong | $403K | $420K | +4.1% | |
| Lincoln Park | $405K | $426K | +5.1% | |
| Parsippany-Troy Hills | $405K | $443K | +9.2% | |
| Riverdale | $400K | $447K | +11.9% | |
| Mount Arlington | $410K | $440K | +7.2% | |
| Lake Hiawatha | $413K | $455K | +10.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Lake Hopatcong | $403K | $420K | +4.1% | |
| Budd Lake | $436K | $518K | +18.7% | |
| Rockaway | $478K | $565K | +18.3% | |
| Chatham | $1.09M | $1.29M | +18.1% | |
| Parsippany | $476K | $559K | +17.5% | |
| Morristown | $418K | $490K | +17.2% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Lake Hopatcong | $403K | $420K | $275K | |
| Mount Olive | $352K | $402K | $199K | |
| Boonton | $497K | $536K | $202K | |
| Rockaway | $484K | $499K | $202K | |
| Pompton Plains | $429K | $483K | $209K | |
| Dover | $381K | $435K | $210K |
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.