Saturday, March 21, 2009

Median and Average House Prices in United States

The following chart shows the median and average house prices in the United States since 1963. The house prices are listed on the Y scale and the years are listed on the X scale. The data used to produce this chart is listed in the table below the chart.

YearMedian house priceAverage house price
1963$18,000 $19,300
1964 $ 18,900 $20,500
1965 $ 20,000 $21,500
1966 $ 21,400 $23,300
1967 $ 22,700 $24,600
1968 $ 24,700 $26,600
1969 $ 25,600 $27,900
1970 $ 23,400 $26,600
1971 $ 25,200 $28,300
1972 $ 27,600 $30,500
1973 $ 32,500 $35,500
1974 $ 35,900 $38,900
1975 $ 39,300 $42,600
1976 $ 44,200 $48,000
1977 $ 48,800 $54,200
1978 $ 55,700 $62,500
1979 $ 62,900 $71,800
1980 $ 64,600 $76,400
1981 $ 68,900 $83,000
1982 $ 69,300 $83,900
1983 $ 75,300 $89,800
1984 $ 79,900 $97,600
1985 $ 84,300 $100,800
1986 $ 92,000 $111,900
1987 $ 104,500 $127,200
1988 $ 112,500 $138,300
1989 $ 120,000 $148,800
1990 $ 122,900 $149,800
1991 $ 120,000 $147,200
1992 $ 121,500 $144,100
1993 $ 126,500 $147,700
1994 $ 130,000 $154,500
1995 $ 133,900 $158,700
1996 $ 140,000 $166,400
1997 $ 146,000 $176,200
1998 $ 152,500 $181,900
1999 $ 161,000 $195,600
2000 $ 169,000 $207,000
2001 $ 175,200 $213,200
2002 $ 187,600 $228,700
2003 $ 195,000 $246,300
2004 $ 221,000 $274,500
2005 $ 240,900 $297,000
2006 $ 246,500 $305,900
2007 $ 247,900 $313,600
2008 $ 231,400 $292,400

Datasource: http://www.census.gov/const/uspriceann.pdf

2 comments:

PublicMutual said...

This is a good record for investment analysis.

Bob said...

Two things to consider to make this plot more useful:
1) prices are for "new" homes. How has the size of a new home changed over the years? i.e. what is the price growth per sq ft?

2) how has the price of home built in 1963 changed in the last four decades? i.e. How good of an investment is a specific house? By only pricing "new" homes, the plot provides no insight in to this.