Housing price inflation, 2016→2022

Housing Inflation Calculator

Prices for Housing, 2016-2022 ($46,890)

According to the U.S. Bureau of Labor Statistics, prices for housing are 19.97% higher in 2022 versus 2016 (a $9,361.84 difference in value).

Between 2016 and 2022: Housing experienced an average inflation rate of 3.08% per year. This rate of change indicates significant inflation. In other words, housing costing $46,890 in the year 2016 would cost $56,251.84 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.93% 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 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for housing was higher.

Price Inflation for Housing since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (15.69%), 1979 (12.20%), and 1981 (11.51%).

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Buying power of $46,890.00 since 2016

Below are calculations of equivalent buying power for Housing, over time, for $46,890 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	$46,890.00	2.48%
2017	$48,284.56	2.97%
2018	$49,677.26	2.88%
2019	$51,112.28	2.89%
2020	$52,232.74	2.19%
2021	$53,951.81	3.29%
2022	$56,251.84	4.26%*

* Not final. See inflation summary for latest details.

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
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	251.231	258.478	265.944	271.774	280.719	292.686

Adjust housing prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Housing was 243.975 in the year 2016 and 292.686 in 2022:

292.686 / 243.975 * $46,890 = $56,251.84

Therefore, according to U.S. Bureau of Labor Statistics, $46,890 in 2016 has the same "purchasing power" as $56,251.84 in 2022 (in the CPI category of Housing).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Housing in 1967. In addition to housing, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.