HPI (2025)FHFA
221
State Series · South Region
Home Price History in Alabama
FHFA all-transactions House Price Index for the state of Alabama — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+2.5%
5-yr changeFHFA
+47%
Since 2000FHFA
+121%
Alabama's FHFA all-transactions House Price Index runs from 1975 through 2025. The state-level HPI, rebased to 100 in 2000, stood at 221.3 at the latest reading. Cumulative nominal appreciation since 2000: +121.3%.
The 2007–2011 housing crisis cut the Alabama HPI by 11.6% peak-to-trough — from 136.3 in 2008 to 120.4 in 2013. The U.S. national HPI fell roughly 21% over the same window, so Alabama's drawdown was milder than the national average.
The pandemic-era surge brought Alabama's HPI from 144.4 in 2019 to 221.3 in 2025 — a +53.2% cumulative gain in 6 years, running above the national pace.
Alabama sits in the South census region of the United States. Long-run state-level home-price appreciation reflects regional employment patterns, in-migration flows, and supply constraints. State-level FHFA series can mask significant intra-state divergence — see the linked metro pages below for sub-state breakdowns where available.
Metros in Alabama covered by The Housing Almanac:
- Birmingham (national rank #50)
For the U.S. national context, see the national median price history or browse all 50 states.
Annual data — Alabama
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 | 221.27 | +2.47% |
| 2024 | 215.93 | +4.46% |
| 2023 | 206.71 | +7.09% |
| 2022 | 193.02 | +15.90% |
| 2021 | 166.54 | +10.75% |
| 2020 | 150.37 | +4.13% |
| 2019 | 144.41 | +4.61% |
| 2018 | 138.04 | +4.37% |
| 2017 | 132.26 | +3.18% |
| 2016 | 128.18 | +2.68% |
| 2015 | 124.84 | +2.34% |
| 2014 | 121.99 | +1.30% |
| 2013 | 120.43 | -0.56% |
| 2012 | 121.11 | -1.51% |
| 2011 | 122.97 | -3.40% |
| 2010 | 127.30 | -4.39% |
| 2009 | 133.14 | -2.30% |
| 2008 | 136.28 | +0.86% |
| 2007 | 135.12 | +4.11% |
| 2006 | 129.78 | +7.90% |
| 2005 | 120.28 | +6.88% |
| 2004 | 112.54 | +3.32% |
| 2003 | 108.92 | +2.32% |
| 2002 | 106.45 | +2.17% |
| 2001 | 104.19 | +4.19% |
| 2000 | 100.00 | +3.24% |
| 1999 | 96.86 | +2.51% |
| 1998 | 94.49 | +3.81% |
| 1997 | 91.02 | +3.75% |
| 1996 | 87.73 | +3.36% |
| 1995 | 84.88 | +4.22% |
| 1994 | 81.44 | +3.38% |
| 1993 | 78.78 | +3.29% |
| 1992 | 76.27 | +2.73% |
| 1991 | 74.24 | +2.44% |
| 1990 | 72.47 | +1.61% |
| 1989 | 71.32 | +1.77% |
| 1988 | 70.08 | +2.55% |
| 1987 | 68.34 | +4.13% |
| 1986 | 65.63 | +4.94% |
| 1985 | 62.54 | +2.39% |
| 1984 | 61.08 | +6.30% |
| 1983 | 57.46 | +5.18% |
| 1982 | 54.63 | -0.33% |
| 1981 | 54.81 | +3.24% |
| 1980 | 53.09 | +5.00% |
| 1979 | 50.56 | +11.17% |
| 1978 | 45.48 | +7.98% |
| 1977 | 42.12 | +10.00% |
| 1976 | 38.29 | +8.75% |
| 1975 | 35.21 | — |
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 South census region and rebased to 100 in the year 2000.