I Asked ChatGPT Whether Buying a House Will Become More Affordable in 5 Years: Here’s What It Said

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Peter BurnsMon, Aug 18, 2025, 1:18 PM 4 min readWith rising real estate prices, for many, it’s getting harder to make the dream of homeownership a reality. Over the past year, housing prices in the U.S. rose by 4%, making it more difficult for those hoping to wait and buy a home a few years down the line.Find Out: I Asked ChatGPT If a Recession Is Coming Soon — Here’s What It SaidRead Next: 7 Ways To Tell If You're Rich or Middle Class -- It's More Than Your PaycheckTo get a sense of what the market could look like in the not-so-distant future, I asked ChatGPT what the cost of affording a home would be in five years. The AI bot analyzed home price growth, mortgage interest rates, inflation, wages and affordability to come up with an estimate.ChatGPT noted that the median home price today is around $420,000 and predicted it will rise to between $510,000 and $580,000 by 2030. It based its analysis on the assumption that home prices will grow 4% to 6% annually, inflation will average 2.5% to 3% and mortgage rates will remain within 5.5% to 7.5%.Hearing that property prices may continue to rise until 2030 isn’t the greatest news for potential homebuyers. However, ChatGPT did offer some guidance that may lessen the blow of the price hike. Here are some tips to help lower your monthly payments and make a home more affordable.The AI bot’s first piece of advice if you’re hoping to afford a home in 2030, you should “[s]ave for down payment + closing costs (~25% total). Take advantage of high-yield savings accounts or CDs.”Saving is an obvious but necessary tip. The more you have for a down payment, the less you’ll need to pay off over time.Today, high-yield savings accounts can yield returns of over 4% depending on the bank, while CDs can offer around the same depending on the term. Both options are safe investments that will help your money grow. However, while somewhat riskier, investing in stocks or index funds could amount to a higher return, such as 10%.Explore More: Barbara Corcoran: This Is the ‘Real Problem’ With the Housing Market Right NowAnother piece of advice is to boost your credit score. Chat GPT said, “Aim for a score of 740+ for best mortgage rates. Avoid new debt and pay off credit cards monthly.”A high credit score is essential because it directly affects how much you’ll pay over time and whether the lender approves you for a mortgage. With a high credit score, the lender will see you as less of a risk to pay back what you owe. 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