Somerset, NJ · ZIP 08880 · Census Tract 34035053000 · 2027–2030 outlook
Current modeled value
$368K
Downside (P10)
$331K
-10% by 2030
Base Case (P50)
$412K
+12% by 2030
Upside (P90)
$540K
+47% by 2030
Base case: +12% by 2030, with a forecast range from -10% to +47%. Uncertainty is narrow relative to similar Somerset markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $243K | $247K | $247K | $248K | $249K | $273K | $276K | $317K | $345K | $359K | $368K | $379K | $395K | $412K |
| YoY Change | +1.6% | -0.0% | +0.6% | +0.4% | +9.8% | +1.0% | +14.8% | +9.1% | +4.0% | +2.5% | +2.8% | +4.3% | +4.5% | |
| Downside (P10) | $317K | $317K | $331K | |||||||||||
| Upside (P90) | $465K | $480K | $540K |
The forecast range is narrow for this market. Near-term outcomes are relatively tight and remain tight through the full horizon.
1-Year Spread
$317K to $465K
39.2% of median
5-Year Spread
$331K to $540K
50.8% 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 |
|---|---|---|---|---|
| South Bound Brook | $365K | $412K | +13.0% | |
| Manville | $373K | $406K | +8.9% | |
| Bound Brook | $356K | $342K | -3.7% | |
| Franklin | $382K | $435K | +14.1% | |
| Manville | $352K | $380K | +7.8% | |
| North Plainfield | $352K | $400K | +13.5% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| South Bound Brook | $365K | $412K | +13.0% | |
| North Plainfield | $387K | $453K | +17.1% | |
| Hillsborough | $563K | $654K | +16.1% | |
| Bernardsville | $777K | $897K | +15.5% | |
| Somerset | $409K | $469K | +14.7% | |
| Montgomery | $775K | $888K | +14.7% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| South Bound Brook | $365K | $412K | $210K | |
| North Plainfield | $352K | $400K | $158K | |
| Franklin Park | $272K | $303K | $169K | |
| North Plainfield | $297K | $329K | $170K | |
| Hillsborough | $340K | $376K | $178K | |
| Manville | $338K | $370K | $182K |
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.