A reader who is doing research on a book writes in (including the title of the post):
“The Feb 13, 1923 edition of the Washington Post lists the following ad in its real estate section:
A semi-detached house of stone and frame construction; six rooms and bath, front and double rear porches, exceptionally large kitchen; hot water, heat, electric lights; good condition; side alley. Price: $8750.”
Another, Petworth house lists for $11,000, the difference in price likely due to its “having been newly papered and painted both inside and out,” and its boasting a “45 foot front lot.”
Advertised houses of similar size in Chevy Chase and Cleveland Park sell for $12,000 to $14,500, while similarly-sized houses near Lincoln Park and (what is now)Near SE sell for $6,000-$9,000.”
It’s interesting to note that our part of town began as one of the more expensive places to live in Washington.”
So who can figure out what inflation on $11,000 from 1923 to today would be?