According to the U.S. Bureau of Labor Statistics, prices for housing are 17.92% higher in 2021 versus 2015 (a $3,584.57 difference in value).
Between 2015 and 2021: Housing experienced an average inflation rate of 2.79% per year. This rate of change indicates significant inflation. In other words, housing costing $20,000 in the year 2015 would cost $23,584.57 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.26% during this same period, inflation for housing was higher.
In the year 2015: Pricing changed by 2.08%, which is below the average yearly change for housing during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $20,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Housing: