It’s interesting to note that in Akron, Ohio in 1950 (a medium sized industrial city at a population of around 350,000) a city home like the Sears home would ha

It’s interesting to note that in Akron, Ohio in 1950 (a medium sized industrial city at a population of around 350,000) a city home like the Sears home would have sold for around $8,000. Assuming the land at 1/3 the cost and a 1/4 acre lot, the land would have been worth about $2,500. With inflation, that lot should cost about $31,500 today. According to [1], the median cost of 1/4 acre in Akron in 2020 was around $25,000. To be fair, Akron does not have the economic advantages of the industrial 1950’s any longer, but the price is still close to the expected value from inflation. What has changed are people’s expectations. Today, a Sears home on a 1/4 acre lot is not what people dream about owning. Nevertheless, it is indeed still an option throughout the middle of the US, and once the people on the coast get hungry enough for their own home, they will move inland, do remote work and live very comfortably. [1] Zillow—via Sage AI