According to the U.S. Bureau of Labor Statistics, prices for housing are 70.05% higher in 2024 versus 2005 (a $1,050.79 difference in value).
Between 2005 and 2024: Housing experienced an average inflation rate of 2.83% per year. This rate of change indicates significant inflation. In other words, housing costing $1,500 in the year 2005 would cost $2,550.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for housing was higher.
In the year 2005: Pricing changed by 3.27%, which is above the average yearly change for housing during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), inflation for housing was lower.
Below are calculations of equivalent buying power for Housing, over time, for $1,500 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2005 | $1,500.00 | 3.27% |
| 2006 | $1,557.01 | 3.80% |
| 2007 | $1,606.25 | 3.16% |
| 2008 | $1,657.42 | 3.19% |
| 2009 | $1,663.50 | 0.37% |
| 2010 | $1,657.36 | -0.37% |
| 2011 | $1,679.17 | 1.32% |
| 2012 | $1,706.86 | 1.65% |
| 2013 | $1,742.39 | 2.08% |
| 2014 | $1,787.34 | 2.58% |
| 2015 | $1,824.47 | 2.08% |
| 2016 | $1,869.78 | 2.48% |
| 2017 | $1,925.39 | 2.97% |
| 2018 | $1,980.95 | 2.89% |
| 2019 | $2,038.22 | 2.89% |
| 2020 | $2,082.84 | 2.19% |
| 2021 | $2,151.41 | 3.29% |
| 2022 | $2,305.32 | 7.15% |
| 2023 | $2,453.76 | 6.44% |
| 2024 | $2,550.79 | 3.95%* |
* 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 | 332.832 |