According to the U.S. Bureau of Labor Statistics, prices for housing are 769.34% higher in 2024 versus 1971 (a $76,933,945.93 difference in value).
Between 1971 and 2024: Housing experienced an average inflation rate of 4.16% per year. This rate of change indicates significant inflation. In other words, housing costing $10,000,000 in the year 1971 would cost $86,933,945.93 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% 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 $10,000,000 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 | $10,000,000.00 | 4.35% |
1972 | $10,390,846.50 | 3.91% |
1973 | $10,836,371.00 | 4.29% |
1974 | $12,059,538.27 | 11.29% |
1975 | $13,331,308.22 | 10.55% |
1976 | $14,153,503.44 | 6.17% |
1977 | $15,117,456.46 | 6.81% |
1978 | $16,443,904.41 | 8.77% |
1979 | $18,444,714.46 | 12.17% |
1980 | $21,340,623.73 | 15.70% |
1981 | $23,791,008.51 | 11.48% |
1982 | $25,508,302.96 | 7.22% |
1983 | $26,190,765.49 | 2.68% |
1984 | $27,278,250.30 | 4.15% |
1985 | $28,361,684.89 | 3.97% |
1986 | $29,200,081.00 | 2.96% |
1987 | $30,068,853.79 | 2.98% |
1988 | $31,194,815.71 | 3.74% |
1989 | $32,383,556.10 | 3.81% |
1990 | $33,837,586.07 | 4.49% |
1991 | $35,174,159.58 | 3.95% |
1992 | $36,200,891.05 | 2.92% |
1993 | $37,176,994.73 | 2.70% |
1994 | $38,114,621.30 | 2.52% |
1995 | $39,082,624.54 | 2.54% |
1996 | $40,222,762.25 | 2.92% |
1997 | $41,273,795.06 | 2.61% |
1998 | $42,217,496.96 | 2.29% |
1999 | $43,144,997.97 | 2.20% |
2000 | $44,637,505.06 | 3.46% |
2001 | $46,429,728.64 | 4.02% |
2002 | $47,458,485.22 | 2.22% |
2003 | $48,647,225.60 | 2.50% |
2004 | $49,896,719.32 | 2.57% |
2005 | $51,526,933.98 | 3.27% |
2006 | $53,485,216.69 | 3.80% |
2007 | $55,176,589.71 | 3.16% |
2008 | $56,934,548.40 | 3.19% |
2009 | $57,143,377.89 | 0.37% |
2010 | $56,932,523.29 | -0.37% |
2011 | $57,681,672.74 | 1.32% |
2012 | $58,633,009.32 | 1.65% |
2013 | $59,853,483.19 | 2.08% |
2014 | $61,397,306.60 | 2.58% |
2015 | $62,672,823.01 | 2.08% |
2016 | $64,229,303.36 | 2.48% |
2017 | $66,139,671.93 | 2.97% |
2018 | $68,048,116.65 | 2.89% |
2019 | $70,015,593.36 | 2.89% |
2020 | $71,548,157.15 | 2.19% |
2021 | $73,903,624.95 | 3.29% |
2022 | $79,190,805.99 | 7.15% |
2023 | $84,289,833.94 | 6.44% |
2024 | $86,933,945.93 | 3.14%* |
* 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 | 330.215 |