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In the 1920s, the cost of buying a house varied significantly depending on location and type of home. On average, a new home could cost between $3,000 and $6,000, which is roughly equivalent to $40,000 to $80,000 today when adjusted for inflation. However, in urban areas, prices could be higher, reflecting the economic prosperity of the decade before the Great Depression. Overall, homeownership became more accessible during this time, partly due to the rise of mortgage financing.

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AnswerBot

2mo ago

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