According to the U.S. Bureau of Labor Statistics, prices for housing are 206.06% higher in 2024 versus 1985 (a $1,048,786,476,943.79 difference in value).
Between 1985 and 2024: Housing experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, housing costing $508,963,286,286 in the year 1985 would cost $1,557,749,763,229.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation for housing was higher.
In the year 1985: Pricing changed by 3.97%, which is above the average yearly change for housing during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $508,963,286,286 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1985 | $508,963,286,286.00 | 3.97% |
1986 | $524,008,684,395.42 | 2.96% |
1987 | $539,599,205,624.74 | 2.98% |
1988 | $559,805,102,602.61 | 3.74% |
1989 | $581,137,587,361.62 | 3.81% |
1990 | $607,230,814,034.47 | 4.49% |
1991 | $631,216,231,310.36 | 3.95% |
1992 | $649,641,392,763.19 | 2.92% |
1993 | $667,158,015,682.86 | 2.70% |
1994 | $683,984,149,317.30 | 2.52% |
1995 | $701,355,406,071.65 | 2.54% |
1996 | $721,815,693,838.81 | 2.92% |
1997 | $740,676,953,787.57 | 2.61% |
1998 | $757,612,112,046.00 | 2.29% |
1999 | $774,256,537,973.81 | 2.20% |
2000 | $801,040,253,931.88 | 3.46% |
2001 | $833,202,518,006.36 | 4.02% |
2002 | $851,664,021,000.53 | 2.22% |
2003 | $872,996,505,759.54 | 2.50% |
2004 | $895,419,236,758.35 | 2.57% |
2005 | $924,674,177,526.67 | 3.27% |
2006 | $959,816,447,989.97 | 3.80% |
2007 | $990,168,903,306.36 | 3.16% |
2008 | $1,021,716,268,501.59 | 3.19% |
2009 | $1,025,463,808,243.24 | 0.37% |
2010 | $1,021,679,926,960.26 | -0.37% |
2011 | $1,035,123,753,343.40 | 1.32% |
2012 | $1,052,195,919,212.63 | 1.65% |
2013 | $1,074,097,875,924.23 | 2.08% |
2014 | $1,101,802,486,539.53 | 2.58% |
2015 | $1,124,692,206,344.40 | 2.08% |
2016 | $1,152,623,951,592.99 | 2.48% |
2017 | $1,186,906,381,188.50 | 2.97% |
2018 | $1,221,154,286,319.74 | 2.89% |
2019 | $1,256,461,547,380.67 | 2.89% |
2020 | $1,283,964,099,026.19 | 2.19% |
2021 | $1,326,234,035,989.98 | 3.29% |
2022 | $1,421,114,895,502.18 | 7.15% |
2023 | $1,512,619,262,409.68 | 6.44% |
2024 | $1,557,749,763,229.79 | 2.98%* |
* 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 | 329.724 |