According to the U.S. Bureau of Labor Statistics, prices for housing are 971.07% higher in 2024 versus 1967 (a $1,087,596.77 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 $112,000 in the year 1967 would cost $1,199,596.77 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $112,000 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 | $112,000.00 | - |
1968 | $116,533.73 | 4.05% |
1969 | $123,698.15 | 6.15% |
1970 | $132,429.79 | 7.06% |
1971 | $138,194.90 | 4.35% |
1972 | $143,596.20 | 3.91% |
1973 | $149,753.12 | 4.29% |
1974 | $166,656.67 | 11.29% |
1975 | $184,231.88 | 10.55% |
1976 | $195,594.20 | 6.17% |
1977 | $208,915.54 | 6.81% |
1978 | $227,246.38 | 8.77% |
1979 | $254,896.55 | 12.17% |
1980 | $294,916.54 | 15.70% |
1981 | $328,779.61 | 11.48% |
1982 | $352,511.74 | 7.22% |
1983 | $361,943.03 | 2.68% |
1984 | $376,971.51 | 4.15% |
1985 | $391,944.03 | 3.97% |
1986 | $403,530.23 | 2.96% |
1987 | $415,536.23 | 2.98% |
1988 | $431,096.45 | 3.74% |
1989 | $447,524.24 | 3.81% |
1990 | $467,618.19 | 4.49% |
1991 | $486,088.96 | 3.95% |
1992 | $500,277.86 | 2.92% |
1993 | $513,767.12 | 2.70% |
1994 | $526,724.64 | 2.52% |
1995 | $540,101.95 | 2.54% |
1996 | $555,858.07 | 2.92% |
1997 | $570,382.81 | 2.61% |
1998 | $583,424.29 | 2.29% |
1999 | $596,241.88 | 2.20% |
2000 | $616,867.57 | 3.46% |
2001 | $641,635.18 | 4.02% |
2002 | $655,852.07 | 2.22% |
2003 | $672,279.86 | 2.50% |
2004 | $689,547.23 | 2.57% |
2005 | $712,075.96 | 3.27% |
2006 | $739,138.43 | 3.80% |
2007 | $762,512.34 | 3.16% |
2008 | $786,806.44 | 3.19% |
2009 | $789,692.35 | 0.37% |
2010 | $786,778.45 | -0.37% |
2011 | $797,131.31 | 1.32% |
2012 | $810,278.30 | 1.65% |
2013 | $827,144.63 | 2.08% |
2014 | $848,479.48 | 2.58% |
2015 | $866,106.47 | 2.08% |
2016 | $887,616.23 | 2.48% |
2017 | $914,016.55 | 2.97% |
2018 | $940,390.28 | 2.89% |
2019 | $967,579.81 | 2.89% |
2020 | $988,759.06 | 2.19% |
2021 | $1,021,310.42 | 3.29% |
2022 | $1,094,376.57 | 7.15% |
2023 | $1,164,842.54 | 6.44% |
2024 | $1,199,596.77 | 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 |