The Cost of an Average American Home the Year You Were Born
How Much Did a Home Cost The Year You Were Born?
The cost of buying a home in the United States has outpaced income by a factor of five over the last 50 years. Continuous price hikes throughout the years have made homeownership a pipe dream for the average American.
Today, it's almost impossible for the average person to buy a home. As of 2021, the average house in the U.S. costs 7.5 times the annual household income. A growing demand for new houses continues to sustain the record high home prices.
Here's a historic breakdown of the median cost of the average home over the last 50 years.
1963
Average home cost: $18,000
Adjusted for inflation: $176,972
1964
Average home cost: $18,900
Adjusted for inflation: $183,430
1965
Average home cost: $20,000
Adjusted for inflation: $191.035
1966
Average home cost: $21,40
Adjusted for inflation: $198,747
1967
Average home cost: $22,700
Adjusted for inflation: $205,140
1968
Average home cost: $24,700
Adjusted for inflation: $213,620
1969
Average home cost: $25,660
Adjusted for inflation: $209,972
1970
Average home cost: $23,400
Adjusted for inflation: $181,101
1971
Average home cost: $25,200
Adjusted for inflation: $186,886
1972
Average home cost: $27,600
Adjusted for inflation: $198,822
1973
Average home cost: $32,500
Adjusted for inflation: $221,437
1974
Average home cost: $35,900
Adjusted for inflation: $219,350
1975
Average home cost: $39,300
Adjusted for inflation: $218,858
1976
Average home cost: $44,200
Adjusted for inflation: $233,645
1977
Average home cost: $48,800
Adjusted for inflation: $241,468
1978
Average home cost: $55,700
Adjusted for inflation: $255,894
1979
Average home cost: $62,900
Adjusted for inflation: $259,719
1980
Average home cost: $64,600
Adjusted for inflation: $235,775
1981
Average home cost: $68,900
Adjusted for inflation: $227,036
1982
Average home cost: $69,300
Adjusted for inflation: $214,535
1983
Average home cost: $75,300
Adjusted for inflation: $227,510
1984
Average home cost: $79,000
Adjusted for inflation: $231,668
1985
Average home cost: $84,300
Adjusted for inflation: $236,036
1986
Average home cost: $92,000
Adjusted for inflation: $253,597
1987
Average home cost: $104,500
Adjusted for inflation: $277,169
Home prices jumped 13.6% this year due to inflation.
1988
Average home cost: $112,500
Adjusted for inflation: $286,553
1989
Average home cost: $120,000
Adjusted for inflation: $291,160
1990
Average home cost: $122,900
Adjusted for inflation: $284,475
1991
Average home cost: $120,000
Adjusted for inflation: $265,934
1992
Average home cost: $121,500
Adjusted for inflation: $261,018
1993
Average home cost: $126,500
Adjusted for inflation: $264,420
1994
Average home cost: $130,000
Adjusted for inflation: $264,411
1995
Average home cost: $133,900
Adjusted for inflation: $265,021
1996
Average home cost: $140,000
Adjusted for inflation: $269,153
1997
Average home cost: $146,000
Adjusted for inflation: $274,567
1998
Average home cost: $150,000
Adjusted for inflation: $282,046
1999
Average home cost: $161,000
Adjusted for inflation: $291,515
2000
Average home cost: $169,000
Adjusted for inflation: $295,198
2001
Average home cost: $175,200
Adjusted for inflation: $297,924
2002
Average home cost: $187,600
Adjusted for inflation: $314,405
2003
Average home cost: $195,000
Adjusted for inflation: $320,054
2004
Average home cost: $221,000
Adjusted for inflation: $352,195
