According to the U.S. Bureau of Labor Statistics, prices for housing were 792.30% higher in 2021 versus 1967 (a $4,674,578.78 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 $590,000 in the year 1967 would cost $5,264,578.78 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.89% 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 | 216.254 | 219.104 | 222.714 | 227.350 | 233.215 | 238.060 | 243.975 | 251.232 | 258.479 | 265.947 | 271.775 | 274.755 |
Below are calculations of equivalent buying power for Housing, over time, for $590000 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 | $590,000.00 | - |
| 1968 | $613,631.94 | 4.01% |
| 1969 | $651,634.64 | 6.19% |
| 1970 | $696,822.73 | 6.93% |
| 1971 | $727,799.73 | 4.45% |
| 1972 | $756,062.25 | 3.88% |
| 1973 | $788,955.35 | 4.35% |
| 1974 | $877,575.10 | 11.23% |
| 1975 | $970,186.74 | 10.55% |
| 1976 | $1,029,745.60 | 6.14% |
| 1977 | $1,100,002.71 | 6.82% |
| 1978 | $1,196,286.87 | 8.75% |
| 1979 | $1,342,230.04 | 12.20% |
| 1980 | $1,552,841.68 | 15.69% |
| 1981 | $1,731,518.27 | 11.51% |
| 1982 | $1,856,384.30 | 7.21% |
| 1983 | $1,905,883.63 | 2.67% |
| 1984 | $1,985,242.22 | 4.16% |
| 1985 | $2,063,802.44 | 3.96% |
| 1986 | $2,124,798.38 | 2.96% |
| 1987 | $2,189,466.85 | 3.04% |
| 1988 | $2,270,581.87 | 3.70% |
| 1989 | $2,356,806.50 | 3.80% |
| 1990 | $2,463,150.20 | 4.51% |
| 1991 | $2,559,913.40 | 3.93% |
| 1992 | $2,634,481.73 | 2.91% |
| 1993 | $2,706,016.24 | 2.72% |
| 1994 | $2,774,037.89 | 2.51% |
| 1995 | $2,844,294.99 | 2.53% |
| 1996 | $2,927,645.47 | 2.93% |
| 1997 | $3,004,289.58 | 2.62% |
| 1998 | $3,072,949.93 | 2.29% |
| 1999 | $3,140,492.56 | 2.20% |
| 2000 | $3,249,231.39 | 3.46% |
| 2001 | $3,379,047.36 | 4.00% |
| 2002 | $3,453,935.05 | 2.22% |
| 2003 | $3,540,958.05 | 2.52% |
| 2004 | $3,631,813.26 | 2.57% |
| 2005 | $3,750,132.61 | 3.26% |
| 2006 | $3,892,722.60 | 3.80% |
| 2007 | $4,015,817.83 | 3.16% |
| 2008 | $4,143,669.80 | 3.18% |
| 2009 | $4,159,051.31 | 0.37% |
| 2010 | $4,143,639.46 | -0.37% |
| 2011 | $4,198,262.76 | 1.32% |
| 2012 | $4,267,426.09 | 1.65% |
| 2013 | $4,356,255.02 | 2.08% |
| 2014 | $4,468,634.45 | 2.58% |
| 2015 | $4,561,482.41 | 2.08% |
| 2016 | $4,674,813.50 | 2.48% |
| 2017 | $4,813,861.89 | 2.97% |
| 2018 | $4,952,720.27 | 2.88% |
| 2019 | $5,095,822.81 | 2.89% |
| 2020 | $5,207,490.09 | 2.19% |
| 2021 | $5,264,578.78 | 1.10%* |