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GOBankingRates
How Much Homes Could Cost in Every State in 2030
By Nicole Spector,
7 hours ago
The price of housing has become absurdly expensive, making it difficult to imagine the halcyon days of the post-WWII American Dream, when home ownership was a lot more affordable. Unfortunately, the cost of homes is projected to rise in the next five years.
Home prices going up, on average, not only because of a dwindling supply that cannot keep up with the soaring demand but because of some lasting impacts of the pandemic. One such impact has been dubbed the “Great Reshuffling” — the phenomenon of Americans moving during and after the pandemic thanks in part to the rise in remote work options.
In May 2023, RenoFi published a report that explored the effects the pandemic has had on the housing market and, incorporating those findings, projected what the average home in every U.S. state could be in September 2030. Here’s what the average home price could be by 2030, with states listed in order of highest to lowest projected home price.
The most expensive state in the U.S. was one of the least affected states by the pandemic. Its 2030 home average projection price was impacted by the pandemic by just 0.78%, according to RenoFi.
According to RenoFi’s report, the Beaver State’s 2030 home average projection price was impacted by the pandemic by 3.30%.
picmax / Getty Images/iStockphoto
Idaho
Projected average home price in 2030: $628,000
Idaho’s 2030 home average projection price was impacted by the pandemic by 5.37%. It’s one of the most affected states in the U.S. in this regard.
DenisTangneyJr / Getty Images/iStockphoto
Massachusetts
Projected average home price in 2030: $626,935
According to RenoFi’s report, the Bay State’s 2030 home average projection price was impacted by the pandemic by 3.21%.
AK2 / Getty Images
Arizona
Projected average home price in 2030: $557,853
Arizona’s 2030 home average projection price was impacted by the pandemic by 5.73%. It’s the second-most-affected state in the U.S., according to RenoFi.
The Sunshine State’s 2030 home average projection price was impacted by the pandemic by 6.61%. It’s the most affected state in the U.S., according to RenoFi.
DenisTangneyJr / iStock.com
New Hampshire
Projected average home price in 2030: $433,726
According to RenoFi’s report, New Hampshire’s 2030 home average projection price was impacted by the pandemic by 3.67%.
Lightguard / Getty Images/iStockphoto
Montana
Projected average home price in 2030: $432,397
Montana’s 2030 home average projection price was impacted by the pandemic by 3.13%.
OlegAlbinsky / Getty Images/iStockphoto
New York
Projected average home price in 2030: $426,023
According to RenoFi’s report, New York’s 2030 home average projection price was impacted by the pandemic by 2.13%.
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