According to the U.S. Bureau of Labor Statistics, prices for housing are 776.84% higher in 2023 versus 1970 (a $23,305.10 difference in value).
Between 1970 and 2023: Housing experienced an average inflation rate of 4.18% per year. This rate of change indicates significant inflation. In other words, housing costing $3,000 in the year 1970 would cost $26,305.10 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.96% during this same period, inflation for housing was higher.
In the year 1970: Pricing changed by 7.06%, which is above the average yearly change for housing during the 1970-2023 time period. Compared to inflation for all items in 1970 (5.83%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $3,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1970 | $3,000.00 | 7.06% |
| 1971 | $3,130.60 | 4.35% |
| 1972 | $3,252.96 | 3.91% |
| 1973 | $3,392.43 | 4.29% |
| 1974 | $3,775.36 | 11.29% |
| 1975 | $4,173.50 | 10.55% |
| 1976 | $4,430.90 | 6.17% |
| 1977 | $4,732.67 | 6.81% |
| 1978 | $5,147.93 | 8.77% |
| 1979 | $5,774.30 | 12.17% |
| 1980 | $6,680.90 | 15.70% |
| 1981 | $7,448.01 | 11.48% |
| 1982 | $7,985.63 | 7.22% |
| 1983 | $8,199.28 | 2.68% |
| 1984 | $8,539.73 | 4.15% |
| 1985 | $8,878.91 | 3.97% |
| 1986 | $9,141.38 | 2.96% |
| 1987 | $9,413.36 | 2.98% |
| 1988 | $9,765.85 | 3.74% |
| 1989 | $10,138.00 | 3.81% |
| 1990 | $10,593.20 | 4.49% |
| 1991 | $11,011.62 | 3.95% |
| 1992 | $11,333.05 | 2.92% |
| 1993 | $11,638.63 | 2.70% |
| 1994 | $11,932.16 | 2.52% |
| 1995 | $12,235.21 | 2.54% |
| 1996 | $12,592.14 | 2.92% |
| 1997 | $12,921.17 | 2.61% |
| 1998 | $13,216.61 | 2.29% |
| 1999 | $13,506.97 | 2.20% |
| 2000 | $13,974.22 | 3.46% |
| 2001 | $14,535.29 | 4.02% |
| 2002 | $14,857.35 | 2.22% |
| 2003 | $15,229.50 | 2.50% |
| 2004 | $15,620.67 | 2.57% |
| 2005 | $16,131.02 | 3.27% |
| 2006 | $16,744.08 | 3.80% |
| 2007 | $17,273.58 | 3.16% |
| 2008 | $17,823.93 | 3.19% |
| 2009 | $17,889.31 | 0.37% |
| 2010 | $17,823.30 | -0.37% |
| 2011 | $18,057.83 | 1.32% |
| 2012 | $18,355.65 | 1.65% |
| 2013 | $18,737.73 | 2.08% |
| 2014 | $19,221.04 | 2.58% |
| 2015 | $19,620.36 | 2.08% |
| 2016 | $20,107.63 | 2.48% |
| 2017 | $20,705.69 | 2.97% |
| 2018 | $21,303.14 | 2.89% |
| 2019 | $21,919.08 | 2.89% |
| 2020 | $22,398.87 | 2.19% |
| 2021 | $23,136.27 | 3.29% |
| 2022 | $24,791.48 | 7.15% |
| 2023 | $26,305.10 | 6.11%* |
* 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 | 319.168 |