According to the U.S. Bureau of Labor Statistics, prices for housing are 814.37% higher in 2024 versus 1970 (a $122,156.04 difference in value).
Between 1970 and 2024: Housing experienced an average inflation rate of 4.18% per year. This rate of change indicates significant inflation. In other words, housing costing $15,000 in the year 1970 would cost $137,156.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for housing was higher.
In the year 1970: Pricing changed by 7.06%, which is above the average yearly change for housing during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $15,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $15,000.00 | 7.06% |
1971 | $15,653.00 | 4.35% |
1972 | $16,264.79 | 3.91% |
1973 | $16,962.17 | 4.29% |
1974 | $18,876.80 | 11.29% |
1975 | $20,867.50 | 10.55% |
1976 | $22,154.48 | 6.17% |
1977 | $23,663.36 | 6.81% |
1978 | $25,739.64 | 8.77% |
1979 | $28,871.51 | 12.17% |
1980 | $33,404.48 | 15.70% |
1981 | $37,240.07 | 11.48% |
1982 | $39,928.15 | 7.22% |
1983 | $40,996.41 | 2.68% |
1984 | $42,698.65 | 4.15% |
1985 | $44,394.55 | 3.97% |
1986 | $45,706.89 | 2.96% |
1987 | $47,066.78 | 2.98% |
1988 | $48,829.25 | 3.74% |
1989 | $50,689.98 | 3.81% |
1990 | $52,965.98 | 4.49% |
1991 | $55,058.11 | 3.95% |
1992 | $56,665.26 | 2.92% |
1993 | $58,193.15 | 2.70% |
1994 | $59,660.82 | 2.52% |
1995 | $61,176.04 | 2.54% |
1996 | $62,960.69 | 2.92% |
1997 | $64,605.87 | 2.61% |
1998 | $66,083.05 | 2.29% |
1999 | $67,534.87 | 2.20% |
2000 | $69,871.09 | 3.46% |
2001 | $72,676.46 | 4.02% |
2002 | $74,286.77 | 2.22% |
2003 | $76,147.51 | 2.50% |
2004 | $78,103.34 | 2.57% |
2005 | $80,655.11 | 3.27% |
2006 | $83,720.41 | 3.80% |
2007 | $86,367.92 | 3.16% |
2008 | $89,119.65 | 3.19% |
2009 | $89,446.53 | 0.37% |
2010 | $89,116.48 | -0.37% |
2011 | $90,289.13 | 1.32% |
2012 | $91,778.25 | 1.65% |
2013 | $93,688.66 | 2.08% |
2014 | $96,105.21 | 2.58% |
2015 | $98,101.78 | 2.08% |
2016 | $100,538.13 | 2.48% |
2017 | $103,528.43 | 2.97% |
2018 | $106,515.72 | 2.89% |
2019 | $109,595.41 | 2.89% |
2020 | $111,994.34 | 2.19% |
2021 | $115,681.35 | 3.29% |
2022 | $123,957.38 | 7.15% |
2023 | $131,938.88 | 6.44% |
2024 | $137,156.04 | 3.95%* |
* 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 | 332.832 |