According to the U.S. Bureau of Labor Statistics, prices for housing are 972.66% higher in 2024 versus 1967 (a $2,626,190.72 difference in value).
Between 1967 and 2024: Housing experienced an average inflation rate of 4.25% per year. This rate of change indicates significant inflation. In other words, housing costing $270,000 in the year 1967 would cost $2,896,190.72 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.00% during this same period, inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $270,000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1967 | $270,000.00 | - |
1968 | $280,929.54 | 4.05% |
1969 | $298,200.90 | 6.15% |
1970 | $319,250.37 | 7.06% |
1971 | $333,148.43 | 4.35% |
1972 | $346,169.42 | 3.91% |
1973 | $361,011.99 | 4.29% |
1974 | $401,761.62 | 11.29% |
1975 | $444,130.43 | 10.55% |
1976 | $471,521.74 | 6.17% |
1977 | $503,635.68 | 6.81% |
1978 | $547,826.09 | 8.77% |
1979 | $614,482.76 | 12.17% |
1980 | $710,959.52 | 15.70% |
1981 | $792,593.70 | 11.48% |
1982 | $849,805.10 | 7.22% |
1983 | $872,541.23 | 2.68% |
1984 | $908,770.61 | 4.15% |
1985 | $944,865.07 | 3.97% |
1986 | $972,796.10 | 2.96% |
1987 | $1,001,739.13 | 2.98% |
1988 | $1,039,250.37 | 3.74% |
1989 | $1,078,853.07 | 3.81% |
1990 | $1,127,293.85 | 4.49% |
1991 | $1,171,821.59 | 3.95% |
1992 | $1,206,026.99 | 2.92% |
1993 | $1,238,545.73 | 2.70% |
1994 | $1,269,782.61 | 2.52% |
1995 | $1,302,031.48 | 2.54% |
1996 | $1,340,014.99 | 2.92% |
1997 | $1,375,029.99 | 2.61% |
1998 | $1,406,469.27 | 2.29% |
1999 | $1,437,368.82 | 2.20% |
2000 | $1,487,091.45 | 3.46% |
2001 | $1,546,799.10 | 4.02% |
2002 | $1,581,071.96 | 2.22% |
2003 | $1,620,674.66 | 2.50% |
2004 | $1,662,301.35 | 2.57% |
2005 | $1,716,611.69 | 3.27% |
2006 | $1,781,851.57 | 3.80% |
2007 | $1,838,199.40 | 3.16% |
2008 | $1,896,765.52 | 3.19% |
2009 | $1,903,722.64 | 0.37% |
2010 | $1,896,698.05 | -0.37% |
2011 | $1,921,655.85 | 1.32% |
2012 | $1,953,349.48 | 1.65% |
2013 | $1,994,009.37 | 2.08% |
2014 | $2,045,441.60 | 2.58% |
2015 | $2,087,935.23 | 2.08% |
2016 | $2,139,789.13 | 2.48% |
2017 | $2,203,432.76 | 2.97% |
2018 | $2,267,012.29 | 2.89% |
2019 | $2,332,558.47 | 2.89% |
2020 | $2,383,615.59 | 2.19% |
2021 | $2,462,087.63 | 3.29% |
2022 | $2,638,229.24 | 7.15% |
2023 | $2,808,102.55 | 6.44% |
2024 | $2,896,190.72 | 3.14%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Housing:
Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 30.785 | 32.031 | 34.000 | 36.400 | 37.985 | 39.469 | 41.162 | 45.808 | 50.638 | 53.762 | 57.423 | 62.462 | 70.062 | 81.062 | 90.369 | 96.892 | 99.485 | 103.615 | 107.731 | 110.915 | 114.215 | 118.492 | 123.008 | 128.531 | 133.608 | 137.508 | 141.215 | 144.777 | 148.454 | 152.785 | 156.777 | 160.362 | 163.885 | 169.554 | 176.362 | 180.269 | 184.785 | 189.531 | 195.723 | 203.162 | 209.586 | 216.264 | 217.057 | 216.256 | 219.102 | 222.715 | 227.351 | 233.215 | 238.060 | 243.973 | 251.229 | 258.478 | 265.952 | 271.773 | 280.720 | 300.803 | 320.172 | 330.215 |