According to the U.S. Bureau of Labor Statistics, prices for housing were 62.28% higher in 2021 versus 2000 (a $62.28 difference in value).
Between 2000 and 2021: Housing experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, housing costing $100 in the year 2000 would cost $162.28 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.04% during this same period, inflation for housing was higher.
In the year 2000: Pricing changed by 3.46%, which is above the average yearly change for housing during the 2000-2021 time period. Compared to inflation for all items in 2000 (3.38%), inflation for housing was higher.
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 |
CPI | 30.792 | 32.025 | 34.008 | 36.367 | 37.983 | 39.458 | 41.175 | 45.800 | 50.633 | 53.742 | 57.408 | 62.433 | 70.050 | 81.042 | 90.367 | 96.883 | 99.467 | 103.608 | 107.708 | 110.892 | 114.267 | 118.500 | 123.000 | 128.550 | 133.600 | 137.492 | 141.225 | 144.775 | 148.442 | 152.792 | 156.792 | 160.375 | 163.900 | 169.575 | 176.350 | 180.258 | 184.800 | 189.542 | 195.717 | 203.158 | 209.583 | 216.255 | 217.058 | 216.253 | 219.104 | 222.714 | 227.350 | 233.215 | 238.060 | 243.975 | 251.232 | 258.479 | 265.947 | 271.775 | 275.180 |
Below are calculations of equivalent buying power for Housing, over time, for $100 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2000 | $100.00 | 3.46% |
2001 | $104.00 | 4.00% |
2002 | $106.30 | 2.22% |
2003 | $108.98 | 2.52% |
2004 | $111.77 | 2.57% |
2005 | $115.42 | 3.26% |
2006 | $119.80 | 3.80% |
2007 | $123.59 | 3.16% |
2008 | $127.53 | 3.18% |
2009 | $128.00 | 0.37% |
2010 | $127.53 | -0.37% |
2011 | $129.21 | 1.32% |
2012 | $131.34 | 1.65% |
2013 | $134.07 | 2.08% |
2014 | $137.53 | 2.58% |
2015 | $140.39 | 2.08% |
2016 | $143.87 | 2.48% |
2017 | $148.15 | 2.97% |
2018 | $152.43 | 2.88% |
2019 | $156.83 | 2.89% |
2020 | $160.27 | 2.19% |
2021 | $162.28 | 1.25%* |