According to the U.S. Bureau of Labor Statistics, prices for housing are 971.07% higher in 2024 versus 1967 (a $8,545,403.23 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 $880,000 in the year 1967 would cost $9,425,403.23 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 $880,000 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 | $880,000.00 | - |
1968 | $915,622.19 | 4.05% |
1969 | $971,914.04 | 6.15% |
1970 | $1,040,519.74 | 7.06% |
1971 | $1,085,817.09 | 4.35% |
1972 | $1,128,255.87 | 3.91% |
1973 | $1,176,631.68 | 4.29% |
1974 | $1,309,445.28 | 11.29% |
1975 | $1,447,536.23 | 10.55% |
1976 | $1,536,811.59 | 6.17% |
1977 | $1,641,479.26 | 6.81% |
1978 | $1,785,507.25 | 8.77% |
1979 | $2,002,758.62 | 12.17% |
1980 | $2,317,201.40 | 15.70% |
1981 | $2,583,268.37 | 11.48% |
1982 | $2,769,735.13 | 7.22% |
1983 | $2,843,838.08 | 2.68% |
1984 | $2,961,919.04 | 4.15% |
1985 | $3,079,560.22 | 3.97% |
1986 | $3,170,594.70 | 2.96% |
1987 | $3,264,927.54 | 2.98% |
1988 | $3,387,186.41 | 3.74% |
1989 | $3,516,261.87 | 3.81% |
1990 | $3,674,142.93 | 4.49% |
1991 | $3,819,270.36 | 3.95% |
1992 | $3,930,754.62 | 2.92% |
1993 | $4,036,741.63 | 2.70% |
1994 | $4,138,550.72 | 2.52% |
1995 | $4,243,658.17 | 2.54% |
1996 | $4,367,456.27 | 2.92% |
1997 | $4,481,579.21 | 2.61% |
1998 | $4,584,047.98 | 2.29% |
1999 | $4,684,757.62 | 2.20% |
2000 | $4,846,816.59 | 3.46% |
2001 | $5,041,419.29 | 4.02% |
2002 | $5,153,123.44 | 2.22% |
2003 | $5,282,198.90 | 2.50% |
2004 | $5,417,871.06 | 2.57% |
2005 | $5,594,882.56 | 3.27% |
2006 | $5,807,516.24 | 3.80% |
2007 | $5,991,168.42 | 3.16% |
2008 | $6,182,050.57 | 3.19% |
2009 | $6,204,725.64 | 0.37% |
2010 | $6,181,830.68 | -0.37% |
2011 | $6,263,174.61 | 1.32% |
2012 | $6,366,472.36 | 1.65% |
2013 | $6,498,993.50 | 2.08% |
2014 | $6,666,624.49 | 2.58% |
2015 | $6,805,122.24 | 2.08% |
2016 | $6,974,127.54 | 2.48% |
2017 | $7,181,558.62 | 2.97% |
2018 | $7,388,780.81 | 2.89% |
2019 | $7,602,412.79 | 2.89% |
2020 | $7,768,821.19 | 2.19% |
2021 | $8,024,581.91 | 3.29% |
2022 | $8,598,673.06 | 7.15% |
2023 | $9,152,334.23 | 6.44% |
2024 | $9,425,403.23 | 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 |