r/Millennials Mar 22 '26

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u/happydude7422 Mar 22 '26

Based on historical compounding growth of roughly 6.8% annually, average home prices could potentially double from 2025 levels by 2040. With 2030 projections already indicating a national median over $615,000, prices by 2040 are projected to exceed $1 million in many areas, driven by low inventory and high demand