@0xjudd.eth

In 1950, the median price of a new home in the United States was approximately $7,354. This figure represents a boom in affordable, post-WWII suburban housing, with prices typically ranging from $7,500 to $10,000 for the decade. These homes were generally around 983 square feet. 1950s Cost Breakdown: The median home value in 1950 was roughly $7,354 ($79,063 to $97,740 in 2020–2024 inflation-adjusted dollars). Affordability: In 1950, the median household income was $2,990, meaning a home cost roughly 2.5 times the average annual income. Regional Differences: While the national average was $7,354 in 1950, prices varied by state, such as $5,935 in Arizona and $9,564 in California. Growth: By 1960, the median home value had risen to $11,900.

2 replies

0 recast

4 reactions