According to the U.S. Bureau of Labor Statistics, prices for housing were 19.48% higher in 2021 versus 2014 (a $97.41 difference in value).
Between 2014 and 2021: Housing experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, housing costing $500 in the year 2014 would cost $597.41 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.83% 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 2014-2021 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 $500 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|