2024 Cessna 172 Price
I’ve been tracking Cessna 172 prices for years, watching them climb steadily as the aviation market evolved. The 172 remains the most popular training and personal aircraft in history, and in 2024, new aircraft pricing reflects both its continued relevance and the broader economics of general aviation manufacturing.
Base Price
A new 2024 Cessna 172 Skyhawk starts around $400,000. Probably should have led with this, honestly, but that number often surprises people who remember when 172s cost $30,000. Decades of inflation, liability costs, and limited production volumes have fundamentally changed light aircraft economics.
Customization and Upgrades
Few buyers take delivery of a base aircraft. Options add up quickly:
- Avionics upgrades range from $20,000 to $50,000. Modern glass panels, enhanced GPS, and autopilot systems transform capability and safety.
- Interior upgrades add $10,000 to $30,000 for leather seats, premium materials, and improved soundproofing.
- Paint schemes, air conditioning, and other options increase the price further.
A fully-equipped Skyhawk easily exceeds $450,000 before delivery.
Operational Costs
Purchase price is just the beginning. Ongoing costs determine true affordability:
- Fuel: The 172 burns 8-10 gallons per hour of 100LL avgas, currently averaging $6-7 per gallon.
- Maintenance: Annual inspections, unexpected repairs, and component overhauls cost several thousand dollars yearly.
- Insurance: Varies dramatically based on pilot experience, coverage levels, and intended use. Budget $2,000-5,000 annually.
- Hangar: Monthly hangar or tiedown fees range from $200 in rural areas to $1,000+ at busy metropolitan airports.
Financing Options
Few buyers pay cash. Aircraft loans typically run 15-20 years at rates that have increased with broader interest rate trends. Credit requirements are stringent since aircraft loans are secured by mobile assets that can literally fly away. That’s what makes aircraft financing endearing to lenders: they take collateral risk seriously.
Used Market Alternative
Given new aircraft pricing, many buyers consider used 172s. The price range is enormous:
- 1970s models in good condition: $50,000-80,000
- 1980s-1990s models with basic avionics: $80,000-150,000
- 2000s+ models with glass panels: $200,000-350,000
Airframe hours, maintenance history, engine time remaining, and avionics configuration all affect value. A well-maintained older aircraft can provide excellent utility at a fraction of new aircraft cost.
Market Dynamics
Demand for 172s remains strong, driven by flight schools, personal owners, and the aircraft’s unmatched reputation for reliability. Supply is constrained since Textron Aviation produces limited quantities annually. This supply-demand imbalance supports prices.
Conclusion
The 2024 Cessna 172 represents significant investment. Whether that investment makes sense depends on intended use, financial situation, and alternatives considered. For many pilots, the 172’s combination of capability, safety record, and support infrastructure justifies the price. For others, the used market offers compelling alternatives. Either way, understanding the full cost picture enables informed decisions.
Related Articles
Continue exploring:
