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Passaic, NJ · ZIP 07055 · Census Tract 34031175501 · 2027–2030 outlook
Current modeled value
$229K
Downside (P10)
$181K
-21% by 2030
Base Case (P50)
$248K
+8% by 2030
Upside (P90)
$317K
+38% by 2030
Base case: +8% by 2030, with a forecast range from -21% to +38%. The model forecasts this with 70% confidence.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $275K | $228K | $193K | $180K | $219K | $229K | $229K | $239K | $248K | $226K |
| YoY Change | -17.3% | -15.3% | -6.3% | +21.4% | +4.4% | +0.2% | +4.2% | +3.9% | -8.9% | |
| Downside (P10) | $197K | $189K | $181K | $204K | ||||||
| Upside (P90) | $274K | $288K | $317K | $251K |
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
$197K to $274K
33.6% of median
5-Year Spread
$204K to $251K
20.9% 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