According to the U.S. Census Bureau,
the median home value grew from $ 30,600 in 1940 to $ 119,600 in 2000, adjusted for inflation.
Not exact matches
With population
growing at 7.7 % and housing units only
growing 2.39 %, it's likely that
median home values will keep rising.
Given that fact and the
growing economy, it seems likely that
median home values will continue to rise.
But while
home values keep rising at a breakneck pace, U.S.
median rent is
growing at a much slower pace — up 1.1 percent from a year ago, to $ 1,422 / month — and actually fell year - over-year in June in 12 of the 35 largest U.S. metros.
The population of Lake Oswego has
grown substantially in recent years, and housing prices have increased rapidly, with the
median home value doubling between 1990 and 2000.
Home prices in the Midwest and West
grew at the highest year - over-year rate, both 7.2 percent to a
median existing single - family
value of $ 193,800 and $ 374,400, respectively, according to the report.
The nation's
median home value is expected to
grow by $ 6,275 to $ 208,975 just one year from today, according to Zillow, adding on to the already considerable funds homebuyers need now to own a
home.
San Jose's
median home value of $ 1.13 million is expected to
grow by 8.9 % this year.