According to the U.S. Bureau of Labor Statistics, prices for housing are 306.76% higher in 2024 versus 1980 (a $98,162,576.07 difference in value).
Between 1980 and 2024: Housing experienced an average inflation rate of 3.24% per year. This rate of change indicates significant inflation. In other words, housing costing $32,000,000 in the year 1980 would cost $130,162,576.07 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.06% during this same period, inflation for housing was higher.
In the year 1980: Pricing changed by 15.70%, which is significantly above the average yearly change for housing during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $32,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1980 | $32,000,000.00 | 15.70% |
1981 | $35,674,321.50 | 11.48% |
1982 | $38,249,383.18 | 7.22% |
1983 | $39,272,727.27 | 2.68% |
1984 | $40,903,397.23 | 4.15% |
1985 | $42,527,993.93 | 3.97% |
1986 | $43,785,158.47 | 2.96% |
1987 | $45,087,872.46 | 2.98% |
1988 | $46,776,238.38 | 3.74% |
1989 | $48,558,739.80 | 3.81% |
1990 | $50,739,039.67 | 4.49% |
1991 | $52,743,215.03 | 3.95% |
1992 | $54,282,786.11 | 2.92% |
1993 | $55,746,441.45 | 2.70% |
1994 | $57,152,400.84 | 2.52% |
1995 | $58,603,909.66 | 2.54% |
1996 | $60,313,531.98 | 2.92% |
1997 | $61,889,542.61 | 2.61% |
1998 | $63,304,611.88 | 2.29% |
1999 | $64,695,388.12 | 2.20% |
2000 | $66,933,383.94 | 3.46% |
2001 | $69,620,800.91 | 4.02% |
2002 | $71,163,408.62 | 2.22% |
2003 | $72,945,910.04 | 2.50% |
2004 | $74,819,510.34 | 2.57% |
2005 | $77,263,996.96 | 3.27% |
2006 | $80,200,417.54 | 3.80% |
2007 | $82,736,610.36 | 3.16% |
2008 | $85,372,647.56 | 3.19% |
2009 | $85,685,784.78 | 0.37% |
2010 | $85,369,610.93 | -0.37% |
2011 | $86,492,951.22 | 1.32% |
2012 | $87,919,468.59 | 1.65% |
2013 | $89,749,554.00 | 2.08% |
2014 | $92,064,498.01 | 2.58% |
2015 | $93,977,119.00 | 2.08% |
2016 | $96,311,041.94 | 2.48% |
2017 | $99,175,615.87 | 2.97% |
2018 | $102,037,304.99 | 2.89% |
2019 | $104,987,511.86 | 2.89% |
2020 | $107,285,572.21 | 2.19% |
2021 | $110,817,566.90 | 3.29% |
2022 | $118,745,629.15 | 7.15% |
2023 | $126,391,558.17 | 6.44% |
2024 | $130,162,576.07 | 2.98%* |
* 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 | 329.724 |