According to the U.S. Bureau of Labor Statistics, prices for housing were 793.68% higher in 2021 versus 1967 (a $2,619,155.07 difference in value).
Between 1967 and 2021: Housing experienced an average inflation rate of 4.14% per year. This rate of change indicates significant inflation. In other words, housing costing $330,000 in the year 1967 would cost $2,949,155.07 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.90% during this same period, inflation for housing was higher.
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 |
CPI | 30.792 | 32.025 | 34.008 | 36.367 | 37.983 | 39.458 | 41.175 | 45.800 | 50.633 | 53.742 | 57.408 | 62.433 | 70.050 | 81.042 | 90.367 | 96.883 | 99.467 | 103.608 | 107.708 | 110.892 | 114.267 | 118.500 | 123.000 | 128.550 | 133.600 | 137.492 | 141.225 | 144.775 | 148.442 | 152.792 | 156.792 | 160.375 | 163.900 | 169.575 | 176.350 | 180.258 | 184.800 | 189.542 | 195.717 | 203.158 | 209.583 | 216.255 | 217.058 | 216.253 | 219.104 | 222.714 | 227.350 | 233.215 | 238.060 | 243.975 | 251.232 | 258.479 | 265.947 | 271.775 | 275.180 |
Below are calculations of equivalent buying power for Housing, over time, for $330000 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 | $330,000.00 | - |
1968 | $343,217.86 | 4.01% |
1969 | $364,473.61 | 6.19% |
1970 | $389,748.31 | 6.93% |
1971 | $407,074.42 | 4.45% |
1972 | $422,882.27 | 3.88% |
1973 | $441,280.11 | 4.35% |
1974 | $490,847.09 | 11.23% |
1975 | $542,646.82 | 10.55% |
1976 | $575,959.40 | 6.14% |
1977 | $615,255.75 | 6.82% |
1978 | $669,109.61 | 8.75% |
1979 | $750,738.84 | 12.20% |
1980 | $868,538.57 | 15.69% |
1981 | $968,476.32 | 11.51% |
1982 | $1,038,316.64 | 7.21% |
1983 | $1,066,002.71 | 2.67% |
1984 | $1,110,389.72 | 4.16% |
1985 | $1,154,330.18 | 3.96% |
1986 | $1,188,446.55 | 2.96% |
1987 | $1,224,617.05 | 3.04% |
1988 | $1,269,986.47 | 3.70% |
1989 | $1,318,213.80 | 3.80% |
1990 | $1,377,694.18 | 4.51% |
1991 | $1,431,815.97 | 3.93% |
1992 | $1,473,523.68 | 2.91% |
1993 | $1,513,534.51 | 2.72% |
1994 | $1,551,580.51 | 2.51% |
1995 | $1,590,876.86 | 2.53% |
1996 | $1,637,496.62 | 2.93% |
1997 | $1,680,365.36 | 2.62% |
1998 | $1,718,768.61 | 2.29% |
1999 | $1,756,546.68 | 2.20% |
2000 | $1,817,366.71 | 3.46% |
2001 | $1,889,975.64 | 4.00% |
2002 | $1,931,861.98 | 2.22% |
2003 | $1,980,535.86 | 2.52% |
2004 | $2,031,353.18 | 2.57% |
2005 | $2,097,531.80 | 3.26% |
2006 | $2,177,285.52 | 3.80% |
2007 | $2,246,135.40 | 3.16% |
2008 | $2,317,645.82 | 3.18% |
2009 | $2,326,249.04 | 0.37% |
2010 | $2,317,628.85 | -0.37% |
2011 | $2,348,180.87 | 1.32% |
2012 | $2,386,865.44 | 1.65% |
2013 | $2,436,549.42 | 2.08% |
2014 | $2,499,405.71 | 2.58% |
2015 | $2,551,337.62 | 2.08% |
2016 | $2,614,726.20 | 2.48% |
2017 | $2,692,499.03 | 2.97% |
2018 | $2,770,165.58 | 2.88% |
2019 | $2,850,205.98 | 2.89% |
2020 | $2,912,663.95 | 2.19% |
2021 | $2,949,155.07 | 1.25%* |