This was the average cost of an American home in the decade you were born
The cost of American homes has skyrocketed over the years due to inflation, and you may be amazed at just how much the market has changed over the past 80 years.
See the major ups and downs of the market by looking at the average cost of homes going all the way back to 1940.
Prices have fluctuated over time and the historical Census and Federal Reserve Economic Data (FRED) have meticulously documented the ebb and flow of the housing market.
WHAT LIFE WAS LIKE 50 YEARS AGO IN AMERICA, COMPARED TO NOW IN 2024
Read on to see the average cost of homes in the decade you were born — and then stay tuned for more like this.
1940
In 1940, without adjusting for inflation, the average cost of a home in the United States was $2,938, according to the United States Census Bureau.
The inflation-adjusted price in 2024 dollars would make that $64,372.84.
THESE HOUSING MARKETS ARE EXPECTED TO SEE DOUBLE DIGIT SALES GROWTH IN 2024
When compared to 1940, today’s prices are 21.91 times as high as the average price 80 years ago.
1950
In the span of 10 years, from 1940 to 1950, the average cost of a home jumped to $7,354, according to Census data.
That equals $93,602.08 today as adjusted for inflation, FRED reports.
AMID INFLATION, CHECK OUT THE PRICE OF GROCERIES THE