Ocean, NJ · ZIP 08701 · Census Tract 34029715401 · 2027–2030 outlook
Current modeled value
$856K
Downside (P10)
$721K
-16% by 2030
Base Case (P50)
$933K
+9% by 2030
Upside (P90)
$1.27M
+48% by 2030
Base case: +9% by 2030, with a forecast range from -16% to +48%. Uncertainty is narrow relative to similar Ocean markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $490K | $495K | $478K | $530K | $567K | $613K | $607K | $773K | $653K | $820K | $856K | $878K | $926K | $933K | $846K |
| YoY Change | +1.1% | -3.6% | +10.9% | +7.1% | +8.1% | -0.9% | +27.3% | -15.5% | +25.6% | +4.3% | +2.6% | +5.4% | +0.8% | -9.3% | |
| Downside (P10) | $757K | $750K | $721K | $761K | |||||||||||
| Upside (P90) | $1.1M | $1.1M | $1.3M | $946K |
The forecast range is narrow for this market. Near-term outcomes are relatively tight and remain tight through the full horizon.
1-Year Spread
$757K to $1.09M
38.3% of median
5-Year Spread
$761K to $946K
22.0% 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 |
|---|---|---|---|---|
| Leisure Village East · 08701 · (Tract 7154.1) | $824K | $933K | +13.3% | |
| Point Pleasant Beach | $855K | $901K | +5.3% | |
| Leisure Village East | $837K | $930K | +11.1% | |
| Point Pleasant Beach | $901K | $972K | +7.9% | |
| Berkeley area | $809K | $934K | +15.5% | |
| Leisure Village East | $787K | $904K | +14.9% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Leisure Village East · 08701 · (Tract 7154.1) | $824K | $933K | +13.3% | |
| Lacey | $366K | $454K | +24.2% | |
| Pine Ridge at Crestwood | $138K | $165K | +18.9% | |
| Beachwood | $365K | $428K | +17.2% | |
| Leisure Village East | $502K | $584K | +16.3% | |
| Brick | $319K | $371K | +16.3% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Leisure Village East · 08701 · (Tract 7154.1) | $824K | $933K | $545K | |
| Crestwood Village | $113K | $115K | $51K | |
| Crestwood Village | $89K | $92K | $53K | |
| Manchester area | $111K | $118K | $54K | |
| Manchester | $99K | $101K | $58K | |
| Pine Ridge at Crestwood | $138K | $165K | $96K |
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.