Seattle Times | Gene Balk
In this column from the Seattle Times’ FYI Guy, Gene Balk examines how much less baby boomers paid for their Seattle homes, after adjusting for inflation.
[…] It’s hard to believe there was a time, and not really that long ago, when journalists — or teachers, or nurses — could go house hunting in the city of Seattle and actually buy something. And perhaps at this point, this column should include a trigger warning for any young couple traumatized by the current housing market around here.
Census data shows that the median home value in King County in 1980 was $71,400, which, in today’s dollars, is about $225,000. That’s well below half of what it is now.
Looking at the median home values in Seattle census tracts in 1980 really does seem surreal, even after adjusting for inflation.