An Effective Machine Learning Algorithm for Forecasting the Market Value of a House

Machine learning plays a virtual role in everyday speech commands, product recommendation, and even medical fields. But instead of providing better customer service, it provides safer autonomous vehicle systems. House price prediction using machine learning is a hot topic in data science and AI. With the increasing availability of data and the advancement of machine learning algorithms, accurately predicting house prices has never been easier. This study will not only assist housing developers and researchers to determine the most significant factors affecting housing prices but will also help determine the best machine learning model to use in this research. This model will allow people to allocate resources to a request without relying on a broker. According to the results of this study, the random forest regression is the most accurate. Real estate market analysis is one of the most important tools for predicting changes in house prices and rental income. Several techniques have been developed in recent years to solve this problem, including statistical models and data mining methodologies and machine learning algorithms. However, a few issues, including data quality and availability, needed to be fixed. Missing numbers, outliers, and inconsistent formats are common in housing databases. These issues could impair the performance of the prediction models. To solve these issues, thorough data preprocessing is required. Collaboration with data providers and governmental agencies is also required to ensure data coverage and accuracy.