According to the U.S. Bureau of Labor Statistics, prices for housing were 16.15% higher in 2020 versus 2014 (a $16,149.55 difference in value).
Between 2014 and 2020: Housing experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, housing costing $100,000 in the year 2014 would cost $116,149.55 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.45% during this same period, inflation for housing was higher.
In the year 2014: Pricing changed by 2.58%, which is above the average yearly change for housing during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for housing was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Housing:
Below are calculations of equivalent buying power for Housing, over time, for $100000 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|