According to the U.S. Bureau of Labor Statistics, prices for housing are 36.79% higher in 2024 versus 2016 (a $36,789.09 difference in value).
Between 2016 and 2024: Housing experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, housing costing $100,000 in the year 2016 would cost $136,789.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for housing was higher.
In the year 2016: Pricing changed by 2.48%, which is below the average yearly change for housing during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $100,000 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $100,000.00 | 2.48% |
| 2017 | $102,974.29 | 2.97% |
| 2018 | $105,945.59 | 2.89% |
| 2019 | $109,008.80 | 2.89% |
| 2020 | $111,394.88 | 2.19% |
| 2021 | $115,062.16 | 3.29% |
| 2022 | $123,293.89 | 7.15% |
| 2023 | $131,232.68 | 6.44% |
| 2024 | $136,789.09 | 4.23%* |
* 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 | 333.728 |