U.S. Home Prices vs. Household Income Percentage Change, 1984 - 2023*
2023
450%
U.S. Median House Sales Price Appreciation*
400%
U.S. Median Household Income Appreciation**
350%
Comparing appreciation rates since 1984 using annual readings for median existing- house sales price and median household income. Not adjusted for inflation.
300%
2019
250%
2006
200%
Pandemic hits ▲
Subprime bubble
2009-11
150%
2000
Great recession
100%
Inflation since 1984 = 185% per BLS inflation calculator
1990
50%
1984
0%
*Median existing-house sales price data per National Association of Realtors® under copyright, all rights reserved. Used with permission. **Median household income data per Federal Reserve Bank, https://fred.stlouisfed.org/series/MEHOINUSA646N. Not seasonally adjusted; not adjusted for inflation. All numbers approximate, may contain errors and subject to revision.
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