According to the U.S. Bureau of Labor Statistics, prices for housing are 306.76% higher in 2024 versus 1980 (a $319,028,372.24 difference in value).
Between 1980 and 2024: Housing experienced an average inflation rate of 3.24% per year. This rate of change indicates significant inflation. In other words, housing costing $104,000,000 in the year 1980 would cost $423,028,372.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.06% during this same period, inflation for housing was higher.
In the year 1980: Pricing changed by 15.70%, which is significantly above the average yearly change for housing during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $104,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1980 | $104,000,000.00 | 15.70% |
1981 | $115,941,544.89 | 11.48% |
1982 | $124,310,495.35 | 7.22% |
1983 | $127,636,363.64 | 2.68% |
1984 | $132,936,040.99 | 4.15% |
1985 | $138,215,980.26 | 3.97% |
1986 | $142,301,765.04 | 2.96% |
1987 | $146,535,585.50 | 2.98% |
1988 | $152,022,774.72 | 3.74% |
1989 | $157,815,904.35 | 3.81% |
1990 | $164,901,878.91 | 4.49% |
1991 | $171,415,448.85 | 3.95% |
1992 | $176,419,054.85 | 2.92% |
1993 | $181,175,934.71 | 2.70% |
1994 | $185,745,302.71 | 2.52% |
1995 | $190,462,706.40 | 2.54% |
1996 | $196,018,978.93 | 2.92% |
1997 | $201,141,013.48 | 2.61% |
1998 | $205,739,988.61 | 2.29% |
1999 | $210,260,011.39 | 2.20% |
2000 | $217,533,497.82 | 3.46% |
2001 | $226,267,602.96 | 4.02% |
2002 | $231,281,078.00 | 2.22% |
2003 | $237,074,207.63 | 2.50% |
2004 | $243,163,408.62 | 2.57% |
2005 | $251,107,990.13 | 3.27% |
2006 | $260,651,356.99 | 3.80% |
2007 | $268,893,983.68 | 3.16% |
2008 | $277,461,104.57 | 3.19% |
2009 | $278,478,800.53 | 0.37% |
2010 | $277,451,235.53 | -0.37% |
2011 | $281,102,091.48 | 1.32% |
2012 | $285,738,272.92 | 1.65% |
2013 | $291,686,050.48 | 2.08% |
2014 | $299,209,618.52 | 2.58% |
2015 | $305,425,636.74 | 2.08% |
2016 | $313,010,886.32 | 2.48% |
2017 | $322,320,751.57 | 2.97% |
2018 | $331,621,241.22 | 2.89% |
2019 | $341,209,413.55 | 2.89% |
2020 | $348,678,109.70 | 2.19% |
2021 | $360,157,092.43 | 3.29% |
2022 | $385,923,294.74 | 7.15% |
2023 | $410,772,564.05 | 6.44% |
2024 | $423,028,372.24 | 2.98%* |
* 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 | 329.724 |