The housing market has seen increased housing prices and low inflation for the last decade. This study aims to answer if inflation affects the housing prices in Jönköping by looking at both the county and municipality levels. We are investigating apartments and small houses at both levels. To test this empirically, quarterly data was used for all variables using a multiple regression analysis for the years 2005 and 2021. The results display some differences between the two regions with the county being the preferred model of choice. We can not conclude with statistical significance that inflation affects housing prices. We conclude that a relationship between housing prices and inflation in Jönköping county and municipality seems to be present.