According to the U.S. Bureau of Labor Statistics, prices for housing are 14.44% higher in 2022 versus 2018 (a $144.37 difference in value).
Between 2018 and 2022: Housing experienced an average inflation rate of 3.43% per year. This rate of change indicates significant inflation. In other words, housing costing $1,000 in the year 2018 would cost $1,144.37 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for housing was lower.
In the year 2018: Pricing changed by 2.88%, which is below the average yearly change for housing during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $1,000 beginning in 2018. 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: