It is important to note that the value of money was much different in 1919 than it is today. In order to compare the cost of a house in 1919 to the cost of a house today, it is necessary to adjust for inflation. When adjusted for inflation, the average cost of a house in 1919 would be equivalent to around $90,000 in 2019.
Here are some additional details about the cost of housing in 1919:
- The median price of a house in 1919 was around $4,000. This means that half of all houses sold for more than $4,000, and half sold for less.
- The most expensive houses were located in large cities such as New York City, Chicago, and Los Angeles.
- The least expensive houses were located in rural areas and small towns.
- The cost of housing increased significantly during the 1910s. This was due in part to a number of factors, including rising population, increasing urbanization, and a shortage of housing.