According to the U.S. Bureau of Labor Statistics, prices for housing are 777.45% higher in 2024 versus 1971 (a $777,449.45 difference in value).
Between 1971 and 2024: Housing experienced an average inflation rate of 4.18% per year. This rate of change indicates significant inflation. In other words, housing costing $100,000 in the year 1971 would cost $877,449.45 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for housing was higher.
In the year 1971: Pricing changed by 4.35%, which is above the average yearly change for housing during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $100,000 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $100,000.00 | 4.35% |
| 1972 | $103,908.46 | 3.91% |
| 1973 | $108,363.71 | 4.29% |
| 1974 | $120,595.38 | 11.29% |
| 1975 | $133,313.08 | 10.55% |
| 1976 | $141,535.03 | 6.17% |
| 1977 | $151,174.56 | 6.81% |
| 1978 | $164,439.04 | 8.77% |
| 1979 | $184,447.14 | 12.17% |
| 1980 | $213,406.24 | 15.70% |
| 1981 | $237,910.09 | 11.48% |
| 1982 | $255,083.03 | 7.22% |
| 1983 | $261,907.65 | 2.68% |
| 1984 | $272,782.50 | 4.15% |
| 1985 | $283,616.85 | 3.97% |
| 1986 | $292,000.81 | 2.96% |
| 1987 | $300,688.54 | 2.98% |
| 1988 | $311,948.16 | 3.74% |
| 1989 | $323,835.56 | 3.81% |
| 1990 | $338,375.86 | 4.49% |
| 1991 | $351,741.60 | 3.95% |
| 1992 | $362,008.91 | 2.92% |
| 1993 | $371,769.95 | 2.70% |
| 1994 | $381,146.21 | 2.52% |
| 1995 | $390,826.25 | 2.54% |
| 1996 | $402,227.62 | 2.92% |
| 1997 | $412,737.95 | 2.61% |
| 1998 | $422,174.97 | 2.29% |
| 1999 | $431,449.98 | 2.20% |
| 2000 | $446,375.05 | 3.46% |
| 2001 | $464,297.29 | 4.02% |
| 2002 | $474,584.85 | 2.22% |
| 2003 | $486,472.26 | 2.50% |
| 2004 | $498,967.19 | 2.57% |
| 2005 | $515,269.34 | 3.27% |
| 2006 | $534,852.17 | 3.80% |
| 2007 | $551,765.90 | 3.16% |
| 2008 | $569,345.48 | 3.19% |
| 2009 | $571,433.78 | 0.37% |
| 2010 | $569,325.23 | -0.37% |
| 2011 | $576,816.73 | 1.32% |
| 2012 | $586,330.09 | 1.65% |
| 2013 | $598,534.83 | 2.08% |
| 2014 | $613,973.07 | 2.58% |
| 2015 | $626,728.23 | 2.08% |
| 2016 | $642,293.03 | 2.48% |
| 2017 | $661,396.72 | 2.97% |
| 2018 | $680,481.17 | 2.89% |
| 2019 | $700,155.93 | 2.89% |
| 2020 | $715,481.57 | 2.19% |
| 2021 | $739,036.25 | 3.29% |
| 2022 | $791,908.06 | 7.15% |
| 2023 | $842,898.34 | 6.44% |
| 2024 | $877,449.45 | 4.10%* |
* 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 | 333.296 |