Union, NJ · ZIP 07016 · Census Tract 34039037000 · 2027–2030 outlook
Current modeled value
$667K
Downside (P10)
$530K
-21% by 2030
Base Case (P50)
$696K
+4% by 2030
Upside (P90)
$997K
+49% by 2030
Base case: +4% by 2030, with a forecast range from -21% to +49%. Uncertainty is typical relative to similar Union markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $470K | $477K | $489K | $522K | $526K | $512K | $525K | $612K | $636K | $643K | $667K | $697K | $701K | $696K |
| YoY Change | +1.6% | +2.4% | +6.9% | +0.7% | -2.5% | +2.4% | +16.6% | +3.9% | +1.1% | +3.7% | +4.5% | +0.6% | -0.8% | |
| Downside (P10) | $563K | $548K | $530K | |||||||||||
| Upside (P90) | $841K | $917K | $997K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are relatively tight, but uncertainty widens meaningfully by 2030.
1-Year Spread
$563K to $841K
40.0% of median
5-Year Spread
$530K to $997K
67.1% 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