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1980 Home Cost


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1980 Home Cost. The average home price in 1980 in 1980, the average home price in the united states was about $47,200, according to the u.s. Average home size increased to 1,740 sq ft.

THE GREATEST DECADE 1980s Decade of Indulgence Status
THE GREATEST DECADE 1980s Decade of Indulgence Status from slidetodoc.com

Average home size increased to 1,740 sq ft. 1980 average cost of a new home: Looking back at 1980, the median new home cost more like $68,000.

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THE GREATEST DECADE 1980s Decade of Indulgence Status

However, the percentage of income spent on housing costs increased at a slower pace, from 23% in 1980 to nearly 29% in 2023, partly due to lower inflation and interest rates during both periods. Two bathrooms became the norm in new homes. However, the percentage of income spent on housing costs increased at a slower pace, from 23% in 1980 to nearly 29% in 2023, partly due to lower inflation and interest rates during both periods. You won't believe the difference!

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