In 1960, how much did a house cost?

The average price of a house in the United States in 1960, according to the United States Census Bureau, was $11,900 in 1960 dollars. In 2000 dollars, the median house price was $58,600, adjusted for inflation.

Hawaii had the most costly median home price in 1960, according to the United States Census Bureau, with a median house price of $20,900. New Jersey, with an average of $15,600, the District of Columbia, with a median price of $15,400, New York, with a median price of $15,300, Nevada, with a median price of $15,200, and California, with a median price of $15,100, were among the states with high house prices. South Carolina, with a median house price of $7,500, West Virginia, with a median price of $7,600, Oklahoma, and Mississippi, with average home prices of $7,900, North Carolina, with a median house price of $8,000, and Tennessee, with an average house price of $8,300, were the states with the least expensive average house prices in 1960 dollars.

The average house price in 2000 dollars, adjusted for inflation, ranged from $37,000 in South Carolina to $103,000 in Hawaii, according to US Census Bureau data. Hawaii had the highest average property prices between 1960 and 2000. The state with the cheapest housing prices changed every decade.

Read more: What Does an H-Rate Makeup Stamp Look Like?

Misha Khatri
Misha Khatri is an emeritus professor in the University of Notre Dame's Department of Chemistry and Biochemistry. He graduated from Northern Illinois University with a BSc in Chemistry and Mathematics and a PhD in Physical Analytical Chemistry from the University of Utah.

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