Home prices by year: the housing market chart since 1940
Housing market chart and graph since 1975
US home prices by year: by Q2 2026 the FHFA house price index nationwide had reached 11.8 times the level it set in 1975, and the median price of a new house sold was $393,300 in Q3 2026, versus $18,050 in 1963.
- New house sold, median
- $393,300Census and HUD, Q3 2026.
- Typical value of a US home
- $366,157September 2026, Zillow ZHVI
- FHFA index, 1975 onward
- ×11.8. up to Q2 2026.
By tracking the same houses sold more than once, the FHFA index shows how far prices moved rather than what level they reached. Prices rose in 45 of those 50 years, and the quickest of all was 2022, +16.4%. Between 2007 and 2012 came the single long decline, −17.6% on the yearly averages, and by 2017 prices were back above the 2007 level.
In the dollars of each year, the median new house series goes back to 1963. Only newly built houses go into it, and in every year since 2000 it has stayed above Zillow's typical value, which covers homes of every age.
Housing market trends decade by decade
Every column holds one series, running from the first year of the decade to the last, all before inflation; the consumer price column tells you how far prices in general rose in those same years. The fastest full decade on the FHFA index was the 1980s at +62%, and the slowest was the 2000s at +38%.
| Decade | Census median value | Median new house | FHFA index | Zillow typical value | Consumer prices |
|---|---|---|---|---|---|
| 1940s | +150% | +72% | |||
| 1950s | +62% | +23% | |||
| 1960s | +43% | +30% 1963 to 1970 | +31% | ||
| 1970s | +178% | +176% | +68% 1975 to 1980 | +112% | |
| 1980s | +68% | +89% | +62% | +59% | |
| 1990s | +51% | +37% | +42% | +32% | |
| 2000s | +33% | +38% | +36% | +27% | |
| 2010s | +47% | +41% | +50% | +19% | |
| 2020s | +27% 2020 to 2025 | +53% 2020 to 2025 | +41% 2020 to 2025 | +24% 2020 to 2025 |
Yearly figures come from these series: Census of Housing, which is decennial and runs to 2000; new houses sold from Census and HUD (from 1963). Also included: the FHFA all-transactions index, starting from 1975; the Zillow Home Value Index, starting from 2000; and BLS CPI-U. If a series covers part of a decade only, the years covered are shown.
Home prices over the years
For every year there is a US figure on the site, oldest first. Once each decade the census reports its figures; the median for new houses runs from 1963, the FHFA index from 1975, and Zillow from 2000. A year with its own page appears as a link.
| Year | Census median value | Median new house | Change on the year | Average new house | FHFA index, change | Zillow typical value |
|---|---|---|---|---|---|---|
| 1940 | $2,938 | |||||
| 1950 | $7,354 | |||||
| 1960 | $11,900 | |||||
| 1963 | $18,050 | $19,375 | ||||
| 1964 | $18,925 | +4.8% | $20,300 | |||
| 1965 | $20,125 | +6.3% | $21,450 | |||
| 1966 | $21,500 | +6.8% | $22,925 | |||
| 1967 | $22,750 | +5.8% | $24,125 | |||
| 1968 | $24,800 | +9.0% | $26,425 | |||
| 1969 | $25,600 | +3.2% | $27,725 | |||
| 1970 | $17,000 | $23,475 | −8.3% | $26,650 | ||
| 1971 | $25,225 | +7.5% | $28,100 | |||
| 1972 | $27,525 | +9.1% | $30,075 | |||
| 1973 | $32,600 | +18.4% | $35,100 | |||
| 1974 | $36,050 | +10.6% | $38,725 | |||
| 1975 | $39,275 | +8.9% | $42,525 | |||
| 1976 | $44,225 | +12.6% | $48,050 | +7.2% | ||
| 1977 | $48,900 | +10.6% | $54,350 | +12.0% | ||
| 1978 | $55,850 | +14.2% | $62,700 | +13.9% | ||
| 1979 | $62,750 | +12.4% | $71,900 | +13.7% | ||
| 1980 | $47,200 | $64,750 | +3.2% | $76,375 | +7.9% | |
| 1981 | $68,950 | +6.5% | $83,175 | +4.4% | ||
| 1982 | $69,225 | +0.4% | $83,850 | +1.0% | ||
| 1983 | $75,375 | +8.9% | $89,775 | +7.2% | ||
| 1984 | $79,950 | +6.1% | $97,550 | +4.5% | ||
| 1985 | $84,275 | +5.4% | $100,825 | +5.1% | ||
| 1986 | $92,025 | +9.2% | $112,075 | +6.8% | ||
| 1987 | $104,700 | +13.8% | $127,575 | +6.5% | ||
| 1988 | $112,225 | +7.2% | $138,650 | +5.4% | ||
| 1989 | $120,425 | +7.3% | $148,125 | +5.3% | ||
| 1990 | $79,100 | $122,300 | +1.6% | $149,075 | +3.1% | |
| 1991 | $119,975 | −1.9% | $147,275 | +1.9% | ||
| 1992 | $121,375 | +1.2% | $144,675 | +2.8% | ||
| 1993 | $126,500 | +4.2% | $147,475 | +2.3% | ||
| 1994 | $130,425 | +3.1% | $154,175 | +2.5% | ||
| 1995 | $133,475 | +2.3% | $157,750 | +3.0% | ||
| 1996 | $140,250 | +5.1% | $165,525 | +3.4% | ||
| 1997 | $145,000 | +3.4% | $174,875 | +3.3% | ||
| 1998 | $151,925 | +4.8% | $181,150 | +5.1% | ||
| 1999 | $160,125 | +5.4% | $194,675 | +4.9% | ||
| 2000 | $119,600 | $167,550 | +4.6% | $205,375 | +6.4% | $125,745 |
| 2001 | $173,100 | +3.3% | $211,050 | +7.5% | $134,899 | |
| 2002 | $186,025 | +7.5% | $226,700 | +6.3% | $144,276 | |
| 2003 | $192,125 | +3.3% | $244,550 | +6.2% | $155,308 | |
| 2004 | $218,150 | +13.5% | $272,125 | +9.4% | $169,891 | |
| 2005 | $236,550 | +8.4% | $291,275 | +11.4% | $189,732 | |
| 2006 | $243,750 | +3.0% | $303,900 | +7.2% | $206,531 | |
| 2007 | $244,950 | +0.5% | $309,800 | +1.1% | $208,448 | |
| 2008 | $229,550 | −6.3% | $289,075 | −5.1% | $195,574 | |
| 2009 | $215,650 | −6.1% | $269,350 | −5.5% | $177,542 | |
| 2010 | $222,700 | +3.3% | $272,025 | −4.1% | $171,462 | |
| 2011 | $224,900 | +1.0% | $264,600 | −3.9% | $162,508 | |
| 2012 | $244,400 | +8.7% | $288,225 | −0.3% | $161,136 | |
| 2013 | $266,225 | +8.9% | $321,650 | +3.7% | $171,420 | |
| 2014 | $285,775 | +7.3% | $345,450 | +5.0% | $182,996 | |
| 2015 | $294,150 | +2.9% | $350,450 | +5.1% | $192,738 | |
| 2016 | $305,125 | +3.7% | $359,650 | +5.2% | $204,509 | |
| 2017 | $322,425 | +5.7% | $381,150 | +5.4% | $216,766 | |
| 2018 | $325,275 | +0.9% | $382,475 | +5.5% | $230,540 | |
| 2019 | $320,250 | −1.5% | $379,875 | +4.6% | $242,088 | |
| 2020 | $328,150 | +2.5% | $387,900 | +5.2% | $257,151 | |
| 2021 | $383,000 | +16.7% | $452,675 | +13.7% | $295,959 | |
| 2022 | $432,950 | +13.0% | $516,425 | +16.4% | $340,014 | |
| 2023 | $426,525 | −1.5% | $507,125 | +5.2% | $348,160 | |
| 2024 | $418,975 | −1.8% | $507,875 | +5.5% | $359,751 | |
| 2025 | $415,400 | −0.9% | $519,700 | +3.8% | $362,959 |
Sources: U.S. Census Bureau (Census of Housing; sales of new houses from FRED MSPUS and ASPUS). These sit alongside the FHFA all-transactions index and Zillow Home Value Index averages by year. No figure here has been adjusted for inflation.
Home prices across the 1970s, 1980s and 1990s
Across the 1970s, the median new house rose from $23,475 to $64,750, +176%, and consumer prices went up 112%, so new houses gained on inflation. The 1980s brought an 89% rise in the median to $122,300, while prices in general rose 59%. The 1990s were slower still: 37% to $167,550, with a 1.9% dip in 1991.
No year between 1975 and 1999 brought a fall in the national FHFA index, although 30 state declines of 5% or more started between 1979 and 1995: first Wyoming, Alaska, Oklahoma, later New Hampshire, Connecticut, Hawaii. The ten deepest:
| State | High | Low | Fall | Back to the high |
|---|---|---|---|---|
| Wyoming | 1982 | 1988 | −28% | 1994 |
| Alaska | 1984 | 1989 | −27% | 1996 |
| Oklahoma | 1983 | 1988 | −22% | 1997 |
| West Virginia | 1980 | 1982 | −19% | 1991 |
| Hawaii | 1980 | 1981 | −18% | 1983 |
| New Hampshire | 1989 | 1994 | −18% | 1999 |
| North Dakota | 1981 | 1982 | −17% | 1984 |
| Connecticut | 1988 | 1995 | −17% | 2000 |
| Hawaii | 1993 | 1999 | −15% | 2002 |
| Louisiana | 1983 | 1988 | −13% | 1993 |
By state, the FHFA all-transactions index in yearly averages; these are the ten deepest of those falls. All falls in rank order: housing market crash history ranking.
- Home prices in 1970
- Home prices in 1975
- Home prices in 1977
- Home prices in 1980
- Home prices in 1981
- Home prices in 1982
- Home prices in 1984
- Home prices in 1985
- Home prices in 1989
- Home prices in 1990
- Home prices in 1991
- Home prices in 1992
- Home prices in 1993
- Home prices in 1994
- Home prices in 1995
- Home prices in 1996
- Home prices in 1997
- Home prices in 1998
- Home prices in 1999
One page for every year
Each page carries that year's US figures, the states, nearby years, and what a home from that time is worth today Use the home appreciation calculator when you want the appreciation of a single home in a single city
- 1940 $2,938
- 1950 $7,354
- 1960 $11,900
- 1970 $23,475
- 1975 $39,275
- 1977 $48,900
- 1980 $64,750
- 1981 $68,950
- 1982 $69,225
- 1984 $79,950
- 1985 $84,275
- 1989 $120,425
- 1990 $122,300
- 1991 $119,975
- 1992 $121,375
- 1993 $126,500
- 1994 $130,425
- 1995 $133,475
- 1996 $140,250
- 1997 $145,000
- 1998 $151,925
- 1999 $160,125
- 2000 $125,745
- 2001 $134,899
- 2002 $144,276
- 2003 $155,308
- 2004 $169,891
- 2005 $189,732
- 2006 $206,531
- 2007 $208,448
- 2008 $195,574
- 2009 $177,542
- 2010 $171,462
- 2011 $162,508
- 2012 $161,136
- 2013 $171,420
- 2014 $182,996
- 2015 $192,738
- 2016 $204,509
- 2017 $216,766
- 2018 $230,540
- 2019 $242,088
- 2020 $257,151
- 2021 $295,959
- 2022 $340,014
- 2023 $348,160
- 2024 $359,751
- 2025 $362,959
Each year carries one figure: the Zillow typical value (2000 onward), the median new house (1963 to 1999), and the census median for the years before that.