According to the U.S. Bureau of Labor Statistics, prices for housing are 981.16% higher in 2024 versus 1967 (a $19,623,268.37 difference in value).
Between 1967 and 2024: Housing experienced an average inflation rate of 4.26% per year. This rate of change indicates significant inflation. In other words, housing costing $2,000,000 in the year 1967 would cost $21,623,268.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.01% during this same period, inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $2,000,000 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 | $2,000,000.00 | - |
1968 | $2,080,959.52 | 4.05% |
1969 | $2,208,895.55 | 6.15% |
1970 | $2,364,817.59 | 7.06% |
1971 | $2,467,766.12 | 4.35% |
1972 | $2,564,217.89 | 3.91% |
1973 | $2,674,162.92 | 4.29% |
1974 | $2,976,011.99 | 11.29% |
1975 | $3,289,855.07 | 10.55% |
1976 | $3,492,753.62 | 6.17% |
1977 | $3,730,634.68 | 6.81% |
1978 | $4,057,971.01 | 8.77% |
1979 | $4,551,724.14 | 12.17% |
1980 | $5,266,366.82 | 15.70% |
1981 | $5,871,064.47 | 11.48% |
1982 | $6,294,852.57 | 7.22% |
1983 | $6,463,268.37 | 2.68% |
1984 | $6,731,634.18 | 4.15% |
1985 | $6,999,000.50 | 3.97% |
1986 | $7,205,897.05 | 2.96% |
1987 | $7,420,289.86 | 2.98% |
1988 | $7,698,150.92 | 3.74% |
1989 | $7,991,504.25 | 3.81% |
1990 | $8,350,324.84 | 4.49% |
1991 | $8,680,159.92 | 3.95% |
1992 | $8,933,533.23 | 2.92% |
1993 | $9,174,412.79 | 2.70% |
1994 | $9,405,797.10 | 2.52% |
1995 | $9,644,677.66 | 2.54% |
1996 | $9,926,036.98 | 2.92% |
1997 | $10,185,407.30 | 2.61% |
1998 | $10,418,290.85 | 2.29% |
1999 | $10,647,176.41 | 2.20% |
2000 | $11,015,492.25 | 3.46% |
2001 | $11,457,771.11 | 4.02% |
2002 | $11,711,644.18 | 2.22% |
2003 | $12,004,997.50 | 2.50% |
2004 | $12,313,343.33 | 2.57% |
2005 | $12,715,642.18 | 3.27% |
2006 | $13,198,900.55 | 3.80% |
2007 | $13,616,291.85 | 3.16% |
2008 | $14,050,114.94 | 3.19% |
2009 | $14,101,649.18 | 0.37% |
2010 | $14,049,615.19 | -0.37% |
2011 | $14,234,487.76 | 1.32% |
2012 | $14,469,255.37 | 1.65% |
2013 | $14,770,439.78 | 2.08% |
2014 | $15,151,419.29 | 2.58% |
2015 | $15,466,186.91 | 2.08% |
2016 | $15,850,289.86 | 2.48% |
2017 | $16,321,724.14 | 2.97% |
2018 | $16,792,683.66 | 2.89% |
2019 | $17,278,210.89 | 2.89% |
2020 | $17,656,411.79 | 2.19% |
2021 | $18,237,686.16 | 3.29% |
2022 | $19,542,438.78 | 7.15% |
2023 | $20,800,759.62 | 6.44% |
2024 | $21,623,268.37 | 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 |