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.
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