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.
| Year | Median house price | Average 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:
This is a good record for investment analysis.
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.
Post a Comment