Answer: The correct answer is $21,500.
Explanation: In 1965 the average cost of a new home was $21,500.
Other prices were much cheaper in 1965 also. Some examples are the cost of a first-class stamp was $0.05, the cost of a gallon of regular gas was $0.31, a dozen eggs was $0.53 and a gallon of milk was $0.95.
