HPI (2025)FHFA
292
Metro Series · West · Rank #19
Home Price History in Denver
FHFA all-transactions House Price Index for the Denver-Aurora-Centennial, CO metropolitan statistical area — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
-0.1%
5-yr changeFHFA
+35%
Since 2000FHFA
+192%
Denver's modern cycle is bifurcated. From 2000–2010, the FHFA HPI moved roughly with the national average. From 2012–2022 it accelerated dramatically — a top-five metro for 10-year appreciation — driven by interstate migration, the legalization-era influx, and the stable mix of energy, government, and tech employment. The 2022–2024 correction has been mild relative to peer Mountain West metros.
The 2007–2011 housing crisis cut the Denver HPI by 8.7% peak-to-trough — from 123.5 in 2006 to 112.7 in 2011. For context, the U.S. national HPI fell roughly 24% over the same period, so Denver was meaningfully less affected than the national average.
The pandemic-era surge brought the Denver HPI from 210.3 in 2019 to 292.4 in 2024 — a cumulative +39.1% move in 5 years. Compared to the U.S. national HPI's roughly 50% gain over the same period, Denver appreciated slower than the national rate.
Located in the West region of the United States, Denver is one of the 100 largest U.S. metropolitan statistical areas by population. Long-run housing appreciation in Denver reflects a combination of regional employment trends, in-migration patterns, and local supply constraints. The full year-by-year FHFA HPI for Denver is in the data table below.
To compare Denver to the national U.S. housing market, see the national median price history dashboard. Other metros in the West region: see the full metro index. For state-level data, see the state index.
Annual data — Denver
FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.
| Year | HPI (2000=100) | YoY change |
|---|---|---|
| 2025 | 292.00 | -0.14% |
| 2024 | 292.42 | +1.96% |
| 2023 | 286.81 | +1.32% |
| 2022 | 283.07 | +15.96% |
| 2021 | 244.10 | +13.19% |
| 2020 | 215.65 | +2.56% |
| 2019 | 210.26 | +4.08% |
| 2018 | 202.01 | +8.44% |
| 2017 | 186.28 | +9.67% |
| 2016 | 169.86 | +11.50% |
| 2015 | 152.34 | +10.74% |
| 2014 | 137.56 | +11.28% |
| 2013 | 123.62 | +7.48% |
| 2012 | 115.02 | +2.02% |
| 2011 | 112.74 | -2.52% |
| 2010 | 115.65 | -2.41% |
| 2009 | 118.51 | -0.34% |
| 2008 | 118.92 | -2.25% |
| 2007 | 121.66 | -1.47% |
| 2006 | 123.47 | +1.47% |
| 2005 | 121.68 | +3.83% |
| 2004 | 117.19 | +2.61% |
| 2003 | 114.21 | +0.60% |
| 2002 | 113.53 | +4.30% |
| 2001 | 108.85 | +8.85% |
| 2000 | 100.00 | +16.12% |
| 1999 | 86.12 | +8.93% |
| 1998 | 79.06 | +5.58% |
| 1997 | 74.88 | +6.06% |
| 1996 | 70.60 | +4.48% |
| 1995 | 67.57 | +8.65% |
| 1994 | 62.19 | +9.11% |
| 1993 | 57.00 | +7.79% |
| 1992 | 52.88 | +5.68% |
| 1991 | 50.04 | +3.11% |
| 1990 | 48.53 | +1.93% |
| 1989 | 47.61 | +0.13% |
| 1988 | 47.55 | -3.24% |
| 1987 | 49.14 | -1.88% |
| 1986 | 50.08 | +1.34% |
| 1985 | 49.42 | -0.26% |
| 1984 | 49.55 | +1.68% |
| 1983 | 48.73 | +3.09% |
| 1982 | 47.27 | +9.42% |
| 1981 | 43.20 | +9.62% |
| 1980 | 39.41 | +10.83% |
| 1979 | 35.56 | +18.22% |
| 1978 | 30.08 | +24.61% |
| 1977 | 24.14 | +15.23% |
| 1976 | 20.95 | +8.66% |
| 1975 | 19.28 | — |
Methodology
The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is calibrated to the West census region and rebased to 100 in the year 2000. Coverage begins in 1975 for Denver.