According to the U.S. Bureau of Labor Statistics, prices for housing are 925.65% higher in 2023 versus 1967 (a $8,701,112.82 difference in value).
Between 1967 and 2023: Housing experienced an average inflation rate of 4.24% per year. This rate of change indicates significant inflation. In other words, housing costing $940,000 in the year 1967 would cost $9,641,112.82 in 2023 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 $940,000 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 | $940,000.00 | - |
| 1968 | $978,050.97 | 4.05% |
| 1969 | $1,038,180.91 | 6.15% |
| 1970 | $1,111,464.27 | 7.06% |
| 1971 | $1,159,850.07 | 4.35% |
| 1972 | $1,205,182.41 | 3.91% |
| 1973 | $1,256,856.57 | 4.29% |
| 1974 | $1,398,725.64 | 11.29% |
| 1975 | $1,546,231.88 | 10.55% |
| 1976 | $1,641,594.20 | 6.17% |
| 1977 | $1,753,398.30 | 6.81% |
| 1978 | $1,907,246.38 | 8.77% |
| 1979 | $2,139,310.34 | 12.17% |
| 1980 | $2,475,192.40 | 15.70% |
| 1981 | $2,759,400.30 | 11.48% |
| 1982 | $2,958,580.71 | 7.22% |
| 1983 | $3,037,736.13 | 2.68% |
| 1984 | $3,163,868.07 | 4.15% |
| 1985 | $3,289,530.23 | 3.97% |
| 1986 | $3,386,771.61 | 2.96% |
| 1987 | $3,487,536.23 | 2.98% |
| 1988 | $3,618,130.93 | 3.74% |
| 1989 | $3,756,007.00 | 3.81% |
| 1990 | $3,924,652.67 | 4.49% |
| 1991 | $4,079,675.16 | 3.95% |
| 1992 | $4,198,760.62 | 2.92% |
| 1993 | $4,311,974.01 | 2.70% |
| 1994 | $4,420,724.64 | 2.52% |
| 1995 | $4,532,998.50 | 2.54% |
| 1996 | $4,665,237.38 | 2.92% |
| 1997 | $4,787,141.43 | 2.61% |
| 1998 | $4,896,596.70 | 2.29% |
| 1999 | $5,004,172.91 | 2.20% |
| 2000 | $5,177,281.36 | 3.46% |
| 2001 | $5,385,152.42 | 4.02% |
| 2002 | $5,504,472.76 | 2.22% |
| 2003 | $5,642,348.83 | 2.50% |
| 2004 | $5,787,271.36 | 2.57% |
| 2005 | $5,976,351.82 | 3.27% |
| 2006 | $6,203,483.26 | 3.80% |
| 2007 | $6,399,657.17 | 3.16% |
| 2008 | $6,603,554.02 | 3.19% |
| 2009 | $6,627,775.11 | 0.37% |
| 2010 | $6,603,319.14 | -0.37% |
| 2011 | $6,690,209.25 | 1.32% |
| 2012 | $6,800,550.02 | 1.65% |
| 2013 | $6,942,106.70 | 2.08% |
| 2014 | $7,121,167.07 | 2.58% |
| 2015 | $7,269,107.85 | 2.08% |
| 2016 | $7,449,636.23 | 2.48% |
| 2017 | $7,671,210.34 | 2.97% |
| 2018 | $7,892,561.32 | 2.89% |
| 2019 | $8,120,759.12 | 2.89% |
| 2020 | $8,298,513.54 | 2.19% |
| 2021 | $8,571,712.49 | 3.29% |
| 2022 | $9,184,946.23 | 7.15% |
| 2023 | $9,641,112.82 | 4.97%* |
* 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 |
| 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 | 315.743 |