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US Houses Prices In 1950 vs 2024 (Accounting For Inflation)

Last Updated: November 29, 2024 2 Comments

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How Much US Houses Cost In 1950 vs How Much The Cost In 2024

The map above shows how much houses cost in 1950 in each US state in 2024 inflation adjusted US dollars, compared to what the average cost actually is in 2024.

In every single US state the increase was at at least double the rate of inflation from a low in Ohio of just 107% above inflation to a high in Alaska of 675% above inflation.

The following map shows the percentage increase above inflation:

House price increases above inflation 1950-2024

And here are 3 maps showing Median Home Value in 1950 (in non-inflation adjusted terms), and bigger versions of the two maps at the top.

Finally, you can see all the data at the bottom:

Median home value by state in 1950 in non-inflation adjusted dollars

median home value by state in 1950 in non-inflation adjusted dollars

Median home value by state in 1950 in inflation adjusted dollars

Median home value by state in 1950 in inflation adjusted dollars

Actual Median home value by state in 2024

Median home value by state in 2024

And here’s all the data on the changes:

StateMedian Home Value (1950)Inflation Adjusted Median Home Value (1950)Median Home Value (2024)Absolute $ Increase Above InflationPercent Increase Above Inflation
Alabama$4,473$60,072$227,508$167,436279%
Alaska$3,477$46,696$362,098$315,402675%
Arizona$5,935$79,707$428,711$349,004438%
Arkansas$4,087$54,888$208,078$153,190279%
California$9,564$128,445$771,057$642,612500%
Colorado$7,151$96,038$541,072$445,034463%
Connecticut$11,862$159,307$405,595$246,289155%
Delaware$9,079$121,931$388,654$266,723219%
District of Columbia$14,498$194,708$602,769$408,060210%
Florida$6,612$88,799$392,176$303,376342%
Georgia$5,235$70,306$326,617$256,311365%
Hawaii$12,283$164,961$845,946$680,985413%
Idaho$5,852$78,592$451,520$372,928475%
Illinois$8,646$116,116$266,706$150,590130%
Indiana$6,226$83,615$242,113$158,498190%
Iowa$6,320$84,878$220,277$135,400160%
Kansas$5,462$73,355$229,012$155,658212%
Kentucky$5,283$70,951$212,088$141,137199%
Louisiana$5,141$69,044$201,519$132,476192%
Maine$4,856$65,216$401,297$336,081515%
Maryland$8,033$107,883$418,438$310,555288%
Massachusetts$9,144$122,804$623,131$500,327407%
Michigan$7,496$100,671$245,716$145,044144%
Minnesota$7,806$104,835$334,119$229,285219%
Mississippi$4,159$55,855$181,313$125,457225%
Missouri$6,399$85,939$248,328$162,389189%
Montana$5,797$77,854$462,631$384,777494%
Nebraska$5,918$79,479$259,443$179,964226%
Nevada$8,859$118,976$442,185$323,209272%
New Hampshire$6,199$83,253$478,955$395,703475%
New Jersey$10,408$139,779$534,773$394,994283%
New Mexico$5,697$76,511$303,910$227,399297%
New York$10,152$136,341$482,742$346,400254%
North Carolina$4,901$65,820$328,715$262,895399%
North Dakota$5,396$72,468$263,410$190,942263%
Ohio$8,304$111,523$230,798$119,275107%
Oklahoma$5,228$70,212$205,968$135,756193%
Oregon$6,846$91,942$492,683$400,742436%
Pennsylvania$6,992$93,903$268,824$174,921186%
Rhode Island$9,767$131,171$467,485$336,314256%
South Carolina$5,112$68,654$295,769$227,115331%
South Dakota$5,410$72,656$306,944$234,287322%
Tennessee$5,268$70,749$319,208$248,458351%
Texas$5,805$77,961$300,267$222,306285%
Utah$7,409$99,503$517,020$417,517420%
Vermont$6,277$84,300$390,132$305,832363%
Virginia$6,581$88,383$392,682$304,299344%
Washington$7,169$96,280$588,856$492,576512%
West Virginia$5,473$73,502$168,172$94,670129%
Wisconsin$7,927$106,460$306,566$200,106188%
Wyoming$6,811$91,472$354,108$262,636287%

Data for 1950 US house prices came from the US Census, inflation data for the Bureau of Labour Statistics and the 2024 house prices from Zillow. Maps created using Datawrapper.

Why do you think home prices have outpaced inflation since the 1950s?

Filed Under: United States

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Comments

  1. Davis Straub says

    December 23, 2025 at 3:02 pm

    Since housing prices are included in the CPI, how can there be an in crease in housing costs above inflation?

    Reply
    • Brilliant Maps says

      January 3, 2026 at 5:55 pm

      Because housing is only part of inflation.

      Reply

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