FHFA House Price Index by State and Metro
The quarterly Federal Housing Finance Agency (FHFA) house price index for the United States covers 50 states, the District of Columbia, and 410 metropolitan regions, constructed using a repeat-sales method that tracks price changes for the very same property across consecutive sales to eliminate compositional bias from shifting housing stock.
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BY STATE4 | ||||||||||||||
| Northeast Region2 | ||||||||||||||
| Midwest Region2 | ||||||||||||||
| South Region3 | ||||||||||||||
| West Region2 | ||||||||||||||
| BY METROPOLITAN AREA51 | ||||||||||||||
| Alabama12 | ||||||||||||||
| Alaska2 | ||||||||||||||
| Arizona7 | ||||||||||||||
| Arkansas5 | ||||||||||||||
| California28 | ||||||||||||||
| Colorado7 | ||||||||||||||
| Connecticut5 | ||||||||||||||
| Delaware2 | ||||||||||||||
| Florida25 | ||||||||||||||
| Georgia15 | ||||||||||||||
| Hawaii2 | ||||||||||||||
| Idaho6 | ||||||||||||||
| Illinois10 | ||||||||||||||
| Indiana13 | ||||||||||||||
| Iowa8 | ||||||||||||||
| Kansas4 | ||||||||||||||
| Kentucky6 | ||||||||||||||
| Louisiana10 | ||||||||||||||
| Maine3 | ||||||||||||||
| Maryland5 | ||||||||||||||
| Massachusetts7 | ||||||||||||||
| Michigan16 | ||||||||||||||
| Minnesota5 | ||||||||||||||
| Mississippi3 | ||||||||||||||
| Missouri8 | ||||||||||||||
| Montana5 | ||||||||||||||
| Nebraska3 | ||||||||||||||
| Nevada3 | ||||||||||||||
| New Hampshire2 | ||||||||||||||
| New Jersey6 | ||||||||||||||
| New Mexico4 | ||||||||||||||
| New York14 | ||||||||||||||
| North Carolina15 | ||||||||||||||
| North Dakota4 | ||||||||||||||
| Ohio12 | ||||||||||||||
| Oklahoma4 | ||||||||||||||
| Oregon8 | ||||||||||||||
| Pennsylvania17 | ||||||||||||||
| Rhode Island1 | ||||||||||||||
| South Carolina8 | ||||||||||||||
| South Dakota2 | ||||||||||||||
| Tennessee10 | ||||||||||||||
| Texas26 | ||||||||||||||
| Utah5 | ||||||||||||||
| Vermont1 | ||||||||||||||
| Virginia10 | ||||||||||||||
| Washington13 | ||||||||||||||
| Washington, D.C1 | ||||||||||||||
| West Virginia7 | ||||||||||||||
| Wisconsin13 | ||||||||||||||
| Wyoming2 | ||||||||||||||
| Fannie Mae House Price Index (National)2 | ||||||||||||||
| Fannie Mae Home Price Index, seasonally adjusted | +3.1% | +2.6% | +2.1% | +2.2% | +2.7% | +3.6% | +4.2% | +4.2% | +5.2% | +5.9% | +5.4% | +3.9% | +1.9% | |
| Fannie Mae Home Price Index, not seasonally adjusted | +3.2% | +2.6% | +2.1% | +2.1% | +2.7% | +3.6% | +4.1% | +4.2% | +5.2% | +5.9% | +5.3% | +3.9% | +2.0% |
Latest reading
California stood at 417.15 in Q2 2026. That is −0.6% from Q1 2026 and −0.2% from a year earlier. The series on this page is quarterly and runs from Q1 1991 to Q2 2026. Source: FHFA House Price Index.
- vs a year earlier
- −0.2%
- Q2 2026
- vs previous period
- −0.6%
- Q1 2026
- Latest
- 417.15
- Q2 2026
About this data
The quarterly Federal Housing Finance Agency (FHFA) house price index for the United States covers 50 states, the District of Columbia, and 410 metropolitan regions, constructed using a repeat-sales method that tracks price changes for the very same property across consecutive sales to eliminate compositional bias from shifting housing stock. The final block presents the Fannie Mae House Price Index (FNM-HPI), a quarterly repeat-sales national index derived from a different set of loan records; reading the two indices side by side reveals divergences stemming from distinct underlying loan portfolios rather than market conditions.
Ranking by state — Q2 2026
All 50 states and the District of Columbia, ranked by the latest reading, Q2 2026. Highest first.
- 1Montana742.06
- 2Utah724.9
- 3Colorado674.35
- 4Idaho655.51
- 5Oregon629.17
- 6District of Columbia604.4
- 7Washington582.36
- 8Arizona564.57
- 9Wyoming564.09
- 10Florida547.45
- 11South Dakota497.33
- 12Maine495.35
- 13New Hampshire485.58
- 14Massachusetts482.57
- 15Tennessee479.4
- 16Wisconsin474.21
- 17North Dakota462.97
- 18Vermont452.94
- 19South Carolina449.99
- 20Texas444.25
- 21New Jersey442.71
- 22Rhode Island440.57
- 23North Carolina439.06
- 24Nebraska437.28
- 25Minnesota435.22
- 26Nevada431.51
- 27Virginia431.35
- 28New York428.68
- 29Georgia425.66
- 30Hawaii420.96
- 31California417.15
- 32Kansas415.55
- 33Kentucky409.76
- 34Missouri409.34
- 35New Mexico408.57
- 36Alaska407.85
- 37Michigan392.88
- 38Oklahoma382.47
- 39Iowa380.62
- 40Pennsylvania378.53
- 41Alabama375.76
- 42Indiana373.87
- 43Arkansas370.19
- 44Maryland368.88
- 45Louisiana367.42
- 46Ohio359.13
- 47Delaware347.62
- 48West Virginia345.15
- 49Illinois334.38
- 50Mississippi327.91
- 51Connecticut319.12
Frequently asked questions
- What does the US FHFA House Price Index by State and Metro Area measure?
- It measures quarterly single-family housing price trends across US states and metropolitan areas using a repeat-transactions method on purchase-only mortgages.
- How often is the index published and how far back does it go?
- The index is published quarterly by the Federal Housing Finance Agency with historical series starting from 1975.
- What geographic breakdowns are included in the table?
- The table includes data broken down by individual US states and specific metropolitan areas across the United States.
- How does this index differ from median home price measures?
- Unlike median price measures that can fluctuate due to changes in the mix of homes sold, the repeat-transactions method tracks price changes on the same properties over time.
