The Aporia · California home prices have soared since 1984, tripling in some markets

California home prices have soared since 1984, tripling in some markets

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Choi, J. (2026, October 6). California home prices have soared since 1984, tripling in some markets. New York Post. https://nypost.com/2026/10/05/us-news/how-much-california-home-prices-have-jumped-since-1984/

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Quick Summary

Clever Real Estate's study shows that since 1984, home prices in California have grown much faster than inflation, with San Jose seeing the largest gap of $732,712. Across all markets studied, housing prices nationwide increased by 441%, compared to just a 210% rise in general inflation. Since January 2011, home prices tripled in thirteen major metropolitan areas including Riverside and Fresno, while national inflation rose by 47.7%.

Written by AI on 2026-10-06, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

A study by Clever Real Estate shows that California has the largest housing inflation gap compared to other states, with home prices tripling since 1984 while inflation grew only 210%. In San Jose, for example, a median-priced home now costs $1,375,000, but if it had grown in line with general inflation, it would cost just $642,288, an extra $732,712. Similarly high gaps exist in San Diego, Los Angeles, and San Francisco. Across the US, home prices rose faster than inflation between January 2011 and January 2026; for instance, Miami saw a 201% increase compared to national inflation growth of 47.7%.

Written for “California Home Price Increase” on 2026-11-02, grounded in this article and the 0 other(s) covering the same event.

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0 of 13 hedged ("reportedly", "may", "according to")

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66/100

New York Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.

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Who wrote this

Justin Choi

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Claims (13 extracted, 0 hedged)

A bombshell study reveals California has the nation’s largest housing inflation gap, forcing buyers to shell out hundreds of thousands more than they should. asserted

they → reveal → buyers

The new study, conducted by Clever Real Estate, compares current median home prices versus what homes would cost if prices kept pace with inflation since 1984. asserted

prices → conduct → 1984

The report reveals that since 1984, home prices have grown 441% while inflation only grew 210%. asserted

inflation → reveal → 1984

If prices matched inflation, the median home would cost $242,309 today compared to $423,100 nationwide. asserted

home → match → 423,100

National inflation went up by 47.7% between January 2011 and January 2026, but home prices rose faster in all 50 of the largest metros. asserted

prices → go → metros

In Miami and Phoenix, prices outpaced general inflation by 201% and 177%, respectively. asserted

prices → outpace → %

“A San Jose home costs $1,375,000 but would be only $642,288 following inflation alone, a difference of $732,712. asserted

home → cost → 732,712

The next largest gaps are in San Diego ($432,043), Los Angeles ($429,794), and San Francisco ($416,170),” the report said. asserted

report → say → Diego

Riverside also had a gap of $303,991 while Fresno’s was $220,493. asserted

Fresno → have → 303,991

Since 2011, home prices have tripled in 13 of the 50 largest metros, such as in Riverside, Fresno and Sacramento. asserted

prices → triple → Riverside

Clever Real Estate, a St. Louis-based real estate company founded in 2017 that helps connect homeowners to local realtors, compared “four decades of federal home price data with the Consumer Prime Index” and “ran the same comparison across the 50 most populous US metros over the past 15 years” for the study. asserted

that → base → study

Although housing prices in all 50 metros outpaced inflation since 2011, costs in 27 of the 50 metros have begun to trail inflation over the past year. asserted

costs → outpace → year

Inflation increased 2.4% between January of last year and January of this year as home prices rose 1.4%. Download The California Post App, follow us on social, and subscribe to our newsletters asserted

prices → increase → newsletters

California home prices have soared since 1984, tripling in some markets

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Claims (13 extracted, 0 hedged)