Yahoo Finance How Much Homes Could Cost in Every State in 2030
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.
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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.
Also see the current state of the housing market in every state.
California
Projected average home price in 2030: $1,048,100
According to RenoFi’s report, the Golden State was impacted by the pandemic by 2.97%.
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Hawaii
Projected average home price in 2030: $889,627
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.
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Washington
Projected average home price in 2030: $782,708
According to RenoFi’s report, the COVID-19 pandemic impacted the Washington 2030 home average projection price by 4.71% — a high percentage.
Colorado
Projected average home price in 2030: $763,309
Colorado’s 2030 home average projection price was impacted by the pandemic by 2.70%.
Utah
Projected average home price in 2030: $672,847
The Beehive State’s 2030 home average projection price was impacted by the pandemic by 5.04% — quite a high percentage.
Nevada
Projected average home price in 2030: $652,526
Nevada’s 2030 home average projection price was impacted by the pandemic by 2.92%.
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Oregon
Projected average home price in 2030: $631,143
According to RenoFi’s report, the Beaver State’s 2030 home average projection price was impacted by the pandemic by 3.30%.
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.
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%.
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.
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Florida
Projected average home price in 2030: $437,921
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.
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%.
Montana
Projected average home price in 2030: $432,397
Montana’s 2030 home average projection price was impacted by the pandemic by 3.13%.
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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Rhode Island
Projected average home price in 2030: $411,073
Rhode Island’s 2030 home average projection price was impacted by the pandemic by 3.25%.
Minnesota
Projected average home price in 2030: $400,549
The Land of 10,000 Lakes’ 2030 home average projection price was impacted by the pandemic by 2.27%.
New Jersey
Projected average home price in 2030: $389,180
According to RenoFi’s report, New Jersey’s 2030 home average projection price was impacted by the pandemic by 2.91%.
Kansas
Projected average home price in 2030: $385,066
Kansas’ 2030 home average projection price was impacted by the pandemic by 2.43%.
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Maryland
Projected average home price in 2030: $384,978
According to RenoFi’s report, Maryland’s 2030 home average projection price was impacted by the pandemic by 2.87%.
Delaware
Projected average home price in 2030: $371,876
Delaware’s 2030 home average projection price was impacted by the pandemic by 2.33%.
Virginia
Projected average home price in 2030: $370,626
According to RenoFi’s report, Virginia’s 2030 home average projection price was impacted by the pandemic by 2.41%.
Maine
Projected average home price in 2030: $355,789
According to RenoFi’s report, the Pine Tree State’s 2030 home average projection price was impacted by the pandemic by 3.59%.
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Texas
Projected average home price in 2030: $343,059
Texas’ 2030 home average projection price was impacted by the pandemic by 2.37%.
Wyoming
Projected average home price in 2030: $334,367
According to RenoFi’s report, Wyoming’s 2030 home average projection price was impacted by the pandemic by just 0.79%.
North Dakota
Projected average home price in 2030: $331,524
North Dakota’s 2030 home average projection price was impacted by the pandemic by 0.43% — the second least affected.
Georgia
Projected average home price in 2030: $331,161
According to RenoFi’s report, Georgia’s 2030 home average projection price was impacted by the pandemic by 2.90%.
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Alaska
Projected average home price in 2030: $323,513
Alaska’s 2030 home average projection price was impacted by the pandemic by negative 3.28%. It’s the least affected state in this regard.
Michigan
Projected average home price in 2030: $321,592
According to RenoFi’s report, Michigan’s 2030 home average projection price was impacted by the pandemic by 2.25%.
Vermont
Projected average home price in 2030: $312,671
The Green Mountain State’s 2030 home average projection price was impacted by the pandemic by 1.91%.
South Dakota
Projected average home price in 2030: $310,614
According to RenoFi’s report, South Dakota’s 2030 home average projection price was impacted by the pandemic by 1.40%.
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Tennessee
Projected average home price in 2030: $294,008
Tennessee’s 2030 home average projection price was impacted by the pandemic by 4.23%, which is on the higher side.
North Carolina
Projected average home price in 2030: $290,723
According to RenoFi’s report, North Carolina’s 2030 home average projection price was impacted by the pandemic by 3.37%.
Wisconsin
Projected average home price in 2030: $276,480
Wisconsin’s 2030 home average projection price was impacted by the pandemic by 3.02%.
Connecticut
Projected average home price in 2030: $274,034
According to RenoFi’s report, Connecticut’s 2030 home average projection price was impacted by the pandemic by 3.44%.
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New Mexico
Projected average home price in 2030: $269,080
The Land of Enchantment’s 2030 home average projection price was impacted by the pandemic by 3.83% — on the higher end.
Nebraska
Projected average home price in 2030: $267,912
According to RenoFi’s report, Nebraska’s 2030 home average projection price was impacted by the pandemic by 1.67% — on the lower end.
South Carolina
Projected average home price in 2030: $258,727
South Carolina’s 2030 home average projection price was impacted by the pandemic by 3.14% — on the higher end.
Pennsylvania
Projected average home price in 2030: $250,149
According to RenoFi’s report, Pennsylvania’s 2030 home average projection price was impacted by the pandemic by 3.02%.
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Illinois
Projected average home price in 2030: $244,028
Illinois’ 2030 home average projection price was impacted by the pandemic by 1.46%.
Indiana
Projected average home price in 2030: $232,692
The Hoosier State’s 2030 home average projection price was impacted by the pandemic by 3.13%.
Missouri
Projected average home price in 2030: $226,674
According to RenoFi’s report, Missouri’s 2030 home average projection price was impacted by the pandemic by 3.64%.
Ohio
Projected average home price in 2030: $216,949
Ohio’s 2030 home average projection price was impacted by the pandemic by 3.23%.
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Kentucky
Projected average home price in 2030: $205,342
According to RenoFi’s report, Kentucky’s 2030 home average projection price was impacted by the pandemic by 2.00%.
Iowa
Projected average home price in 2030: $202,041
Iowa’s 2030 home average projection price was impacted by the pandemic by 1.29%.
Louisiana
Projected average home price in 2030: $196,248
According to RenoFi’s report, Louisiana’s 2030 home average projection price was impacted by the pandemic by 1.18%.
Alabama
Projected average home price in 2030: $187,500
According to RenoFi’s report, the Cotton State’s 2030 home average projection price was impacted by the pandemic by 3.45%.
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Arkansas
Projected average home price in 2030: $176,152
Arkansas’ 2030 home average projection price was impacted by the pandemic by 2.26%.
Oklahoma
Projected average home price in 2030: $176,152
According to RenoFi’s report, Oklahoma’s 2030 home average projection price was impacted by the pandemic by 3.03%.
Mississippi
Projected average home price in 2030: $153,610
Mississippi’s 2030 home average projection price was impacted by the pandemic by just 0.79%.
West Virginia
Projected average home price in 2030: $128,415
According to RenoFi’s report, West Virginia’s 2030 home average projection price was impacted by the pandemic by only 0.94%.
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