Predicting houses price by deep learning neural network

Abstract

Deep learning is widely used in various fields, the article proposed a deep learning method to predict house prices through different characteristics of real estate, establish a prediction model, and carry out simulation experiments. First, extracting data from property transactions records, it is difficult to directly input the raw-data into the deep learning model, and there may be overfitting in the model training, so data will be pretreated. Second, Fully-Connected Neural Network is used to model different features’ influences to price. The sample data will be randomly divided into a training set and a validation set, of which 70% of the samples are used for building and training the model, and the remaining 30% are used for model accuracy verification. Experimental results show that the model can achieve a high accuracy in predicting houses price. The model can be used as a reference for the evaluation of housing prices.