According to the U.S. Bureau of Labor Statistics, prices for housing are 981.16% higher in 2024 versus 1967 (a $9,321,052.47 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 $950,000 in the year 1967 would cost $10,271,052.47 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 $950,000 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 | $950,000.00 | - |
| 1968 | $988,455.77 | 4.05% |
| 1969 | $1,049,225.39 | 6.15% |
| 1970 | $1,123,288.36 | 7.06% |
| 1971 | $1,172,188.91 | 4.35% |
| 1972 | $1,218,003.50 | 3.91% |
| 1973 | $1,270,227.39 | 4.29% |
| 1974 | $1,413,605.70 | 11.29% |
| 1975 | $1,562,681.16 | 10.55% |
| 1976 | $1,659,057.97 | 6.17% |
| 1977 | $1,772,051.47 | 6.81% |
| 1978 | $1,927,536.23 | 8.77% |
| 1979 | $2,162,068.97 | 12.17% |
| 1980 | $2,501,524.24 | 15.70% |
| 1981 | $2,788,755.62 | 11.48% |
| 1982 | $2,990,054.97 | 7.22% |
| 1983 | $3,070,052.47 | 2.68% |
| 1984 | $3,197,526.24 | 4.15% |
| 1985 | $3,324,525.24 | 3.97% |
| 1986 | $3,422,801.10 | 2.96% |
| 1987 | $3,524,637.68 | 2.98% |
| 1988 | $3,656,621.69 | 3.74% |
| 1989 | $3,795,964.52 | 3.81% |
| 1990 | $3,966,404.30 | 4.49% |
| 1991 | $4,123,075.96 | 3.95% |
| 1992 | $4,243,428.29 | 2.92% |
| 1993 | $4,357,846.08 | 2.70% |
| 1994 | $4,467,753.62 | 2.52% |
| 1995 | $4,581,221.89 | 2.54% |
| 1996 | $4,714,867.57 | 2.92% |
| 1997 | $4,838,068.47 | 2.61% |
| 1998 | $4,948,688.16 | 2.29% |
| 1999 | $5,057,408.80 | 2.20% |
| 2000 | $5,232,358.82 | 3.46% |
| 2001 | $5,442,441.28 | 4.02% |
| 2002 | $5,563,030.98 | 2.22% |
| 2003 | $5,702,373.81 | 2.50% |
| 2004 | $5,848,838.08 | 2.57% |
| 2005 | $6,039,930.03 | 3.27% |
| 2006 | $6,269,477.76 | 3.80% |
| 2007 | $6,467,738.63 | 3.16% |
| 2008 | $6,673,804.60 | 3.19% |
| 2009 | $6,698,283.36 | 0.37% |
| 2010 | $6,673,567.22 | -0.37% |
| 2011 | $6,761,381.68 | 1.32% |
| 2012 | $6,872,896.30 | 1.65% |
| 2013 | $7,015,958.90 | 2.08% |
| 2014 | $7,196,924.16 | 2.58% |
| 2015 | $7,346,438.78 | 2.08% |
| 2016 | $7,528,887.68 | 2.48% |
| 2017 | $7,752,818.97 | 2.97% |
| 2018 | $7,976,524.74 | 2.89% |
| 2019 | $8,207,150.17 | 2.89% |
| 2020 | $8,386,795.60 | 2.19% |
| 2021 | $8,662,900.92 | 3.29% |
| 2022 | $9,282,658.42 | 7.15% |
| 2023 | $9,880,360.82 | 6.44% |
| 2024 | $10,271,052.47 | 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 |