How much did a house cost in 1992?

Answer 1

In 1992, the median home price in the United States was approximately $139,000. However, this figure varied significantly depending on the location and type of property. For instance, homes in urban areas or desirable regions often sold for much higher prices, while rural or less sought-after locations had lower averages. Overall, the housing market in 1992 was influenced by economic conditions, including interest rates and the aftermath of the late 1980s recession.