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Somerset, NJ · ZIP 08807 · Census Tract 34035051000 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$435K
Downside (P10)
$380K
-13% by 2030
Base Case (P50)
$477K
+10% by 2030
Upside (P90)
$740K
+70% by 2030
Base case: +10% by 2030, with a forecast range from -13% to +70%. The model forecasts this with 58% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $318K | $310K | $296K | $295K | $312K | $363K | $369K | $390K | $407K | $421K | $435K | $455K | $463K | $477K | |
| Growth $ vs 2026 | -$117,693 | -$125,693 | -$139,393 | -$140,393 | -$123,293 | -$72,193 | -$66,693 | -$44,993 | -$28,793 | -$14,693 | +$19,712 | +$27,846 | +$41,715 | ||
| Growth % vs 2026 | -27.0% | -28.9% | -32.0% | -32.3% | -28.3% | -16.6% | -15.3% | -10.3% | -6.6% | -3.4% | +4.5% | +6.4% | +9.6% | ||
| Downside (P10) | $377K | $381K | $380K | ||||||||||||
| Upside (P90) | $556K | $621K | $740K |
The predictive band is wider than average, so point estimates should be read with caution. Short-term confidence is usable, but the farther-out range broadens significantly.
Near-term band
$377K to $556K
39.5% of median
Long-horizon band
$380K to $740K
75.5% 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 |
|---|---|---|---|---|
| Finderne | $426K | $477K | +11.9% | |
| Bound Brook | $436K | $495K | +13.4% | |
| Franklin (Tract 054302) | $423K | $478K | +13.1% | |
| Somerville (Tract 050200) | $442K | $498K | +12.8% | |
| Franklin (Tract 053406) | $444K | $495K | +11.4% | |
| Somerville (Tract 050300) | $438K | $479K | +9.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Finderne | $426K | $477K | +11.9% | |
| 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 |
|---|---|---|---|---|
| Finderne | $426K | $477K | $360K | |
| Manville | $338K | $370K | $182K | |
| Hillsborough | $340K | $376K | $178K | |
| North Plainfield (Tract 052002) | $297K | $329K | $170K | |
| Franklin Park | $272K | $303K | $169K | |
| North Plainfield (Tract 051700) | $352K | $400K | $158K |
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
Somerset, NJ · ZIP 08807 · Census Tract 34035051000 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$435K
Downside (P10)
$380K
-13% by 2030
Base Case (P50)
$477K
+10% by 2030
Upside (P90)
$740K
+70% by 2030
Base case: +10% by 2030, with a forecast range from -13% to +70%. The model forecasts this with 58% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $318K | $310K | $296K | $295K | $312K | $363K | $369K | $390K | $407K | $421K | $435K | $455K | $463K | $477K | |
| Growth $ vs 2026 | -$117,693 | -$125,693 | -$139,393 | -$140,393 | -$123,293 | -$72,193 | -$66,693 | -$44,993 | -$28,793 | -$14,693 | +$19,712 | +$27,846 | +$41,715 | ||
| Growth % vs 2026 | -27.0% | -28.9% | -32.0% | -32.3% | -28.3% | -16.6% | -15.3% | -10.3% | -6.6% | -3.4% | +4.5% | +6.4% | +9.6% | ||
| Downside (P10) | $377K | $381K | $380K | ||||||||||||
| Upside (P90) | $556K | $621K | $740K |
The predictive band is wider than average, so point estimates should be read with caution. Short-term confidence is usable, but the farther-out range broadens significantly.
Near-term band
$377K to $556K
39.5% of median
Long-horizon band
$380K to $740K
75.5% 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 |
|---|---|---|---|---|
| Finderne | $426K | $477K | +11.9% | |
| Bound Brook | $436K | $495K | +13.4% | |
| Franklin (Tract 054302) | $423K | $478K | +13.1% | |
| Somerville (Tract 050200) | $442K | $498K | +12.8% | |
| Franklin (Tract 053406) | $444K | $495K | +11.4% | |
| Somerville (Tract 050300) | $438K | $479K | +9.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Finderne | $426K | $477K | +11.9% | |
| 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 |
|---|---|---|---|---|
| Finderne | $426K | $477K | $360K | |
| Manville | $338K | $370K | $182K | |
| Hillsborough | $340K | $376K | $178K | |
| North Plainfield (Tract 052002) | $297K | $329K | $170K | |
| Franklin Park | $272K | $303K | $169K | |
| North Plainfield (Tract 051700) | $352K | $400K | $158K |
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.
Deep dive into property-level home price forecasts for parcels in this area.
