According to the U.S. Bureau of Labor Statistics, prices for housing are 206.52% higher in 2024 versus 1985 (a $3,097,784,630.49 difference in value).
Between 1985 and 2024: Housing experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, housing costing $1,500,000,000 in the year 1985 would cost $4,597,784,630.49 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation for housing was higher.
In the year 1985: Pricing changed by 3.97%, which is above the average yearly change for housing during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $1,500,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1985 | $1,500,000,000.00 | 3.97% |
1986 | $1,544,341,306.68 | 2.96% |
1987 | $1,590,289,182.43 | 2.98% |
1988 | $1,649,839,343.09 | 3.74% |
1989 | $1,712,709,746.52 | 3.81% |
1990 | $1,789,610,853.27 | 4.49% |
1991 | $1,860,299,892.90 | 3.95% |
1992 | $1,914,601,927.88 | 2.92% |
1993 | $1,966,226,347.73 | 2.70% |
1994 | $2,015,815,780.08 | 2.52% |
1995 | $2,067,011,781.51 | 2.54% |
1996 | $2,127,311,674.40 | 2.92% |
1997 | $2,182,898,964.66 | 2.61% |
1998 | $2,232,809,710.82 | 2.29% |
1999 | $2,281,863,620.14 | 2.20% |
2000 | $2,360,799,714.39 | 3.46% |
2001 | $2,455,587,290.25 | 4.02% |
2002 | $2,509,996,429.85 | 2.22% |
2003 | $2,572,866,833.27 | 2.50% |
2004 | $2,638,950,374.87 | 2.57% |
2005 | $2,725,169,582.29 | 3.27% |
2006 | $2,828,739,735.81 | 3.80% |
2007 | $2,918,193,502.32 | 3.16% |
2008 | $3,011,168,868.26 | 3.19% |
2009 | $3,022,213,495.18 | 0.37% |
2010 | $3,011,061,763.66 | -0.37% |
2011 | $3,050,682,970.37 | 1.32% |
2012 | $3,100,997,500.89 | 1.65% |
2013 | $3,165,546,233.49 | 2.08% |
2014 | $3,247,196,358.44 | 2.58% |
2015 | $3,314,656,194.22 | 2.08% |
2016 | $3,396,975,722.96 | 2.48% |
2017 | $3,498,011,781.51 | 2.97% |
2018 | $3,598,946,090.68 | 2.89% |
2019 | $3,703,002,499.11 | 2.89% |
2020 | $3,784,057,122.46 | 2.19% |
2021 | $3,908,633,702.25 | 3.29% |
2022 | $4,188,263,477.33 | 7.15% |
2023 | $4,457,942,163.51 | 6.44% |
2024 | $4,597,784,630.49 | 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 |