U.S. Metro Area Home Price History

FHFA all-transactions House Price Index for every top-100 U.S. metropolitan area, annual data from 1975 through 2025 (coverage varies by metro). All series are rebased to 100 in the year 2000 — so an HPI of 245 means 145% nominal appreciation since 2000.

The FHFA House Price Index is a weighted, repeat-sales index measuring average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions variant — used here — incorporates both purchase mortgages and refinance appraisals, giving the broadest possible coverage of U.S. housing-finance activity. Because the index tracks the same property trading hands twice, it controls for the quality and size differences that distort simple median-price series.

Coverage is the OMB-defined Metropolitan Statistical Area (MSA) — counties tied together by commuting patterns, not just city limits. The Austin TX MSA, for example, includes Travis, Williamson, Hays, Bastrop, and Caldwell counties. The MSA-level HPI captures the broader regional housing market, not the city core in isolation. Browse by Census region (Northeast, South, Midwest, West) below or jump straight to a specific market via population rank.