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Somerset, NJ · ZIP 08823 · Census Tract 34035053403 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$277K
Downside (P10)
$247K
-11% by 2030
Base Case (P50)
$303K
+9% by 2030
Upside (P90)
$416K
+50% by 2030
Base case: +9% by 2030, with a forecast range from -11% to +50%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $228K | $226K | $239K | $241K | $214K | $198K | $211K | $224K | $240K | $274K | $277K | $281K | $292K | $303K | |
| Growth $ vs 2026 | -$48,500 | -$50,900 | -$37,800 | -$35,900 | -$62,600 | -$78,500 | -$65,800 | -$53,200 | -$36,800 | -$2,900 | +$3,878 | +$15,221 | +$25,843 | ||
| Growth % vs 2026 | -17.5% | -18.4% | -13.7% | -13.0% | -22.6% | -28.3% | -23.8% | -19.2% | -13.3% | -1.0% | +1.4% | +5.5% | +9.3% | ||
| Downside (P10) | $259K | $258K | $247K | ||||||||||||
| Upside (P90) | $354K | $364K | $416K |
The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.
Near-term band
$259K to $354K
33.8% of median
Long-horizon band
$247K to $416K
55.9% 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 |
|---|---|---|---|---|
| Franklin Park | $272K | $303K | +11.1% | |
| North Plainfield (Tract 051700) | $352K | $400K | +13.5% | |
| Hillsborough (Tract 053705) | $340K | $376K | +10.8% | |
| North Plainfield (Tract 052002) | $297K | $329K | +10.5% | |
| Manville | $338K | $370K | +9.4% | |
| Hillsborough (Tract 053804) | $351K | $380K | +8.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Franklin Park | $272K | $303K | +11.1% | |
| 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 |
|---|---|---|---|---|
| Franklin Park | $272K | $303K | $169K | |
| The Hills | $397K | $411K | $190K | |
| Manville | $338K | $370K | $182K | |
| Hillsborough | $340K | $376K | $178K | |
| North Plainfield (Tract 052002) | $297K | $329K | $170K | |
| 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 08823 · Census Tract 34035053403 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$277K
Downside (P10)
$247K
-11% by 2030
Base Case (P50)
$303K
+9% by 2030
Upside (P90)
$416K
+50% by 2030
Base case: +9% by 2030, with a forecast range from -11% to +50%. The model forecasts this with 69% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $228K | $226K | $239K | $241K | $214K | $198K | $211K | $224K | $240K | $274K | $277K | $281K | $292K | $303K | |
| Growth $ vs 2026 | -$48,500 | -$50,900 | -$37,800 | -$35,900 | -$62,600 | -$78,500 | -$65,800 | -$53,200 | -$36,800 | -$2,900 | +$3,878 | +$15,221 | +$25,843 | ||
| Growth % vs 2026 | -17.5% | -18.4% | -13.7% | -13.0% | -22.6% | -28.3% | -23.8% | -19.2% | -13.3% | -1.0% | +1.4% | +5.5% | +9.3% | ||
| Downside (P10) | $259K | $258K | $247K | ||||||||||||
| Upside (P90) | $354K | $364K | $416K |
The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.
Near-term band
$259K to $354K
33.8% of median
Long-horizon band
$247K to $416K
55.9% 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 |
|---|---|---|---|---|
| Franklin Park | $272K | $303K | +11.1% | |
| North Plainfield (Tract 051700) | $352K | $400K | +13.5% | |
| Hillsborough (Tract 053705) | $340K | $376K | +10.8% | |
| North Plainfield (Tract 052002) | $297K | $329K | +10.5% | |
| Manville | $338K | $370K | +9.4% | |
| Hillsborough (Tract 053804) | $351K | $380K | +8.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Franklin Park | $272K | $303K | +11.1% | |
| 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 |
|---|---|---|---|---|
| Franklin Park | $272K | $303K | $169K | |
| The Hills | $397K | $411K | $190K | |
| Manville | $338K | $370K | $182K | |
| Hillsborough | $340K | $376K | $178K | |
| North Plainfield (Tract 052002) | $297K | $329K | $170K | |
| 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.
