According to the U.S. Bureau of Labor Statistics, prices for housing are 981.16% higher in 2024 versus 1967 (a $5,494,515.14 difference in value).
Between 1967 and 2024: Housing experienced an average inflation rate of 4.26% per year. This rate of change indicates significant inflation. In other words, housing costing $560,000 in the year 1967 would cost $6,054,515.14 in 2024 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 $560,000 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 | $560,000.00 | - |
1968 | $582,668.67 | 4.05% |
1969 | $618,490.75 | 6.15% |
1970 | $662,148.93 | 7.06% |
1971 | $690,974.51 | 4.35% |
1972 | $717,981.01 | 3.91% |
1973 | $748,765.62 | 4.29% |
1974 | $833,283.36 | 11.29% |
1975 | $921,159.42 | 10.55% |
1976 | $977,971.01 | 6.17% |
1977 | $1,044,577.71 | 6.81% |
1978 | $1,136,231.88 | 8.77% |
1979 | $1,274,482.76 | 12.17% |
1980 | $1,474,582.71 | 15.70% |
1981 | $1,643,898.05 | 11.48% |
1982 | $1,762,558.72 | 7.22% |
1983 | $1,809,715.14 | 2.68% |
1984 | $1,884,857.57 | 4.15% |
1985 | $1,959,720.14 | 3.97% |
1986 | $2,017,651.17 | 2.96% |
1987 | $2,077,681.16 | 2.98% |
1988 | $2,155,482.26 | 3.74% |
1989 | $2,237,621.19 | 3.81% |
1990 | $2,338,090.95 | 4.49% |
1991 | $2,430,444.78 | 3.95% |
1992 | $2,501,389.31 | 2.92% |
1993 | $2,568,835.58 | 2.70% |
1994 | $2,633,623.19 | 2.52% |
1995 | $2,700,509.75 | 2.54% |
1996 | $2,779,290.35 | 2.92% |
1997 | $2,851,914.04 | 2.61% |
1998 | $2,917,121.44 | 2.29% |
1999 | $2,981,209.40 | 2.20% |
2000 | $3,084,337.83 | 3.46% |
2001 | $3,208,175.91 | 4.02% |
2002 | $3,279,260.37 | 2.22% |
2003 | $3,361,399.30 | 2.50% |
2004 | $3,447,736.13 | 2.57% |
2005 | $3,560,379.81 | 3.27% |
2006 | $3,695,692.15 | 3.80% |
2007 | $3,812,561.72 | 3.16% |
2008 | $3,934,032.18 | 3.19% |
2009 | $3,948,461.77 | 0.37% |
2010 | $3,933,892.25 | -0.37% |
2011 | $3,985,656.57 | 1.32% |
2012 | $4,051,391.50 | 1.65% |
2013 | $4,135,723.14 | 2.08% |
2014 | $4,242,397.40 | 2.58% |
2015 | $4,330,532.33 | 2.08% |
2016 | $4,438,081.16 | 2.48% |
2017 | $4,570,082.76 | 2.97% |
2018 | $4,701,951.42 | 2.89% |
2019 | $4,837,899.05 | 2.89% |
2020 | $4,943,795.30 | 2.19% |
2021 | $5,106,552.12 | 3.29% |
2022 | $5,471,882.86 | 7.15% |
2023 | $5,824,212.69 | 6.44% |
2024 | $6,054,515.14 | 3.95%* |
* 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 | 332.832 |