Every president’s starting median home price

by Chip Bell

The median home price nationwide when President Donald Trump took office was $234,900, according to the National Association of Realtors.

Apart from Trump, there have been eight presidents to hold office since NAR started compiling comprehensive home sales data in 1968. And in honor of our 45th president, NAR took a look back to see where home prices were at the start each presidential term over the past almost 50 years.

Median home prices were highest at the start of President George W. Bush’s second term – which makes a lot of sense, as during that time the housing bubble was still inflating. It also makes sense that median home price appreciated the most between the younger Bush’s first and second terms; it rose over $40,000.

Check out our below table to compare median home prices as they correspond to presiding commander in chief.

President Year Median home price
Richard Nixon 1969 $137,988
Richard Nixon 1973 $156,221
Gerald Ford 1974 $160,166
Jimmy Carter 1977 $156,836
Ronald Reagan 1981 $170,302
Ronald Reagan 1985 $164,614
George H. W. Bush 1989 $174,779
Bill Clinton 1993 $170,911
Bill Clinton 1997 $184,528
George W. Bush 2001 $195,014
George W. Bush 2005 $239,761
Barack Obama 2009 $183,693
Barack Obama 2013 $176,278
Donald Trump 2017 $234,900

Read More Related to This Post

Join the conversation

New Subscribe