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Passaic, NJ · ZIP 07480 · Census Tract 34031256804 · 2027–2030 outlook
Current modeled value
$430K
Downside (P10)
$342K
-20% by 2030
Base Case (P50)
$423K
-2% by 2030
Upside (P90)
$645K
+50% by 2030
Base case: -2% by 2030, with a forecast range from -20% to +50%. The model forecasts this with 61% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $344K | $338K | $334K | $326K | $314K | $323K | $339K | $384K | $402K | $421K | $430K | $432K | $416K | $423K |
| YoY Change | -1.7% | -1.0% | -2.4% | -3.6% | +2.8% | +4.7% | +13.4% | +4.7% | +4.7% | +1.9% | +0.5% | -3.7% | +1.8% | |
| Downside (P10) | $370K | $357K | $342K | |||||||||||
| Upside (P90) | $534K | $564K | $645K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$370K to $534K
37.9% of median
5-Year Spread
$342K to $645K
71.7% 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 |
|---|---|---|---|---|
| West Milford | $430K | $423K | -1.7% | |
| Clifton | $429K | $492K | +14.5% | |
| Paterson (Tract 183102) | $429K | $485K | +13.0% | |
| Paterson (Tract 182200) | $427K | $470K | +10.2% | |
| Paterson (Tract 182702) | $426K | $461K | +8.1% | |
| Bloomingdale | $433K | $451K | +4.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| West Milford | $430K | $423K | -1.7% | |
| Paterson (Tract 182501) | $462K | $567K | +22.7% | |
| Woodland Park | $509K | $604K | +18.6% | |
| Haledon | $354K | $418K | +17.9% | |
| Preakness | $679K | $795K | +17.0% | |
| Paterson (Tract 181000) | $246K | $288K | +17.0% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| West Milford | $430K | $423K | $303K | |
| Paterson (Tract 181900) | $322K | $351K | $127K | |
| Passaic (Tract 175501) | $226K | $248K | $135K | |
| Paterson (Tract 181500) | $247K | $275K | $139K | |
| Paterson (Tract 181000) | $246K | $288K | $147K | |
| Passaic (Tract 175801) | $209K | $230K | $152K |
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.