Home Values Have Risen From $2,938 in 1940 to $119,600 in 2000!

January 14, 2022

Home Values Have Risen From $2,938 in 1940 to $119,600 in 2000!

How much do you think the median home cost in 1940? You'd be surprised that it was only $2,938; even after adjusting for inflation it was only $55,500. 80 years later in 2020 the median home cost $340,000. That's a big difference! There are a lot of reasons why home cost have gone up so much. Here at BNC National Bank we do everything it takes to get you your dream home, above or below the median.