According to the U.S. Bureau of Labor Statistics, prices for housing were 13.96% higher in 2021 versus 2016 (a $0.70 difference in value).
Between 2016 and 2021: Housing experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, housing costing $5 in the year 2016 would cost $5.70 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.23% 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 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), 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 $5 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|