How the cost of buying a home has risen since 1965

The cost of buying a home in the U.S. has increased dramatically since 1965, with the average home setting Americans, and physicians, back by $420,800 in 2024, according to a May 13 report from CNBC.

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In contrast, the average home only set buyers back $20,200 just 60 years ago, according to U.S. Census data. 

Here is how the median home value in the U.S. has changed since 1965: 

  • 1965: $20,200
  • 1975: $38,100
  • 1985: $82,800
  • 1995: $130,000
  • 2005: $232,500
  • 2015: $289,200
  • 2024: $420,800

 

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