Pretty much by chance, I came upon the Zillow page for the first house I ever bought, back in St. Matthews (i.e., suburban Louisville) KY in 1965. I paid $13,900 (and felt the realities of adulthood crashing down on my shoulders, believe you me). An inflation calculator translates that to $99,693 in today-dollars. The Zillow estimated price is $163,600. That pencils out to a real-dollar return of just a shade over one percent a year.
No moral, just reporting.