Housing Prices, Affordability & Mortgages · Federal Housing Finance Agency (FHFA)
U.S. FHFA House Price Index & Annual Appreciation (1975-2025)
Published by the Federal Housing Finance Agency (FHFA), the national all-transactions House Price Index tracks repeat sales and refinancing appraisals across single-family properties since 1975 (1980 Q1 = 100). In 2025, fhfa house price index recorded 699.34Index (1980 Q1=100), compared with 673.51 in 2024. Across the 51-year archive (1975-2025), readings have ranged between 61.16 (1975) and 699.34 (2025).
Series Summary Ledger
- 2025 Reading699.34
- 2024 Reading673.51
- All-Time High (2025)699.34
- All-Time Low (1975)61.16
- Reporting UnitIndex (1980 Q1=100)
- Series CodeFHFA HPI (USA All-Transactions)
Federal Housing Finance Agency (FHFA) · 1975-2025
U.S. FHFA House Price Index & Annual Appreciation (1975-2025)
2025 Reading: 699.34 Index (1980 Q1=100)
Loading historical series...
DECADE BENCHMARKS (1950s-2020s)
FHFA House Price Index by Decade
| Decade | Mean | Min | Max |
|---|---|---|---|
| 1970s | 75.79 | 61.16 | 95.13 |
| 1980s | 127.82 | 102.65 | 160.91 |
| 1990s | 188.51 | 165.95 | 221.58 |
| 2000s | 315.43 | 235.74 | 377.70 |
| 2010s | 358.77 | 311.15 | 436.01 |
| 2020s | 599.79 | 458.57 | 699.34 |
FHFA House Price Index Year-by-Year Historical Table (1975-2025)
Source: Federal Housing Finance Agency (FHFA) (FHFA HPI (USA All-Transactions))| Year | FHFA House Price Index (Index (1980 Q1=100)) | Annual Change | Annual Home Price Change (% YoY) |
|---|---|---|---|
| 2025 | 699.34 | +25.84 | 3.84 |
| 2024 | 673.51 | +34.95 | 5.47 |
| 2023 | 638.55 | +31.34 | 5.16 |
| 2022 | 607.22 | +85.67 | 16.43 |
| 2021 | 521.55 | +62.98 | 13.73 |
| 2020 | 458.57 | +22.56 | 5.17 |
| 2019 | 436.01 | +19.32 | 4.64 |
| 2018 | 416.69 | +21.80 | 5.52 |
| 2017 | 394.89 | +20.19 | 5.39 |
| 2016 | 374.71 | +18.57 | 5.21 |
| 2015 | 356.13 | +17.37 | 5.13 |
| 2014 | 338.77 | +16.00 | 4.96 |
| 2013 | 322.76 | +11.61 | 3.73 |
| 2012 | 311.15 | -0.84 | -0.27 |
| 2011 | 312.00 | -12.56 | -3.87 |
| 2010 | 324.56 | -13.82 | -4.08 |
| 2009 | 338.38 | -19.89 | -5.55 |
| 2008 | 358.26 | -19.43 | -5.14 |
| 2007 | 377.70 | +4.15 | 1.11 |
| 2006 | 373.55 | +24.97 | 7.16 |
| 2005 | 348.58 | +35.54 | 11.35 |
| 2004 | 313.04 | +26.83 | 9.37 |
| 2003 | 286.21 | +16.80 | 6.23 |
| 2002 | 269.41 | +16.03 | 6.33 |
| 2001 | 253.38 | +17.64 | 7.48 |
| 2000 | 235.74 | +14.17 | 6.40 |
| 1999 | 221.58 | +10.37 | 4.91 |
| 1998 | 211.20 | +10.29 | 5.12 |
| 1997 | 200.91 | +6.51 | 3.35 |
| 1996 | 194.40 | +6.48 | 3.45 |
| 1995 | 187.93 | +5.56 | 3.05 |
| 1994 | 182.37 | +4.50 | 2.53 |
| 1993 | 177.87 | +4.05 | 2.33 |
| 1992 | 173.82 | +4.70 | 2.78 |
| 1991 | 169.12 | +3.17 | 1.91 |
| 1990 | 165.95 | +5.03 | 3.13 |
| 1989 | 160.91 | +8.08 | 5.28 |
| 1988 | 152.84 | +7.77 | 5.36 |
| 1987 | 145.06 | +8.82 | 6.47 |
| 1986 | 136.25 | +8.72 | 6.83 |
| 1985 | 127.53 | +6.19 | 5.11 |
| 1984 | 121.34 | +5.20 | 4.48 |
| 1983 | 116.14 | +7.85 | 7.25 |
| 1982 | 108.29 | +1.12 | 1.05 |
| 1981 | 107.17 | +4.52 | 4.40 |
| 1980 | 102.65 | +7.52 | 7.91 |
| 1979 | 95.13 | +11.47 | 13.71 |
| 1978 | 83.66 | +10.23 | 13.94 |
| 1977 | 73.43 | +7.86 | 11.98 |
| 1976 | 65.57 | +4.41 | 7.22 |
| 1975 | 61.16 | - | - |
Related Housing & Mortgages Series
- U.S. Median Home Sales Price by Year (Nominal vs. Real 1963-2025)415,400
- U.S. Median Home Price-to-Income Ratio by Year (1963-2025)4.75
- U.S. Mortgage Origination Interest Rate by Year (1998-2025)6.3
- U.S. Housing Starts by Year (1959-2025)1,356
- U.S. Homeownership Rate by Year (1965-2025)65.27
- U.S. Rent & Shelter CPI Inflation by Year (1954-2025)3.64