FHFA House Price Index · All-transactions, not seasonally adjusted, United States
What is the all-transactions house price index for the US?
The all-transactions house price index for the United States was 719.87 in the quarter ended , up 3.0% from a year earlier.
House price index, all-transactions, United States, not seasonally adjusted, each quarter
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to , to , to , to , to .
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .
House price index, all-transactions, United States, change from a year earlier, each quarter (ours)
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to , to , to , to , to .
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .
Each point is one quarter of the series as the source publishes it, or a change worked out from those values (ours). The US recessions are shaded. Pointing at the chart shows the quarter and the value.
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Inspect and compare dates
The newest quarter beside the one before it and the nearest ones a year, five and ten years earlier. The last ten years are in the table under "The numbers behind the chart".
| Measure | Latest | The quarter before | A year earlier | Five years earlier | Ten years earlier |
|---|---|---|---|---|---|
| Quarter | |||||
| House price index, all-transactions, United States | 719.87 | 712.20 | 698.69 | 509.50 | 372.35 |
| Change over a year | +3.0% | +3.5% | +3.8% | +12.4% | +5.1% |
The table scrolls sideways; the first column stays in place.
Observed .
Right now
The all-transactions house price index for the United States was 719.87 in the second quarter of 2026, the highest since our record begins in the first quarter of 1975.
Over a year it is up 3.0% (ours).
ChangeOurs
| Period | Then | Change |
|---|---|---|
| One quarter | 712.20 in | +1.1% |
| Four quarters | 698.69 in | +3.0% |
| Five years | 509.50 in | +41.3% |
| Ten years | 372.35 in | +93.3% |
In historyOurs
The all-transactions house price index for the United States of 719.87 in was higher than in 205 of the 205 other quarters since , the same in 0 and lower in 0.
Highest since : 719.87 in . Lowest since : 60.04 in .
AverageOurs
Average since : 276.523 (ours, a plain mean of the 206 quarters).
ComparedOurs
Over a year the all-transactions house price index for the United States is up 3.0%, which ranks 6 of the 10 rows of the table, where 1 is the largest change.
The table sets the all-transactions house price index for the United States beside the nine census divisions, by the change over a year in each one's newest quarter.
Understanding the all-transactions house price index for the United States
Where it stands today
The all-transactions house price index for the United States was 719.87 in the second quarter of 2026.
What does the all-transactions house price index for the United States measure?
The all-transactions version of the FHFA house price index follows single-family homes that are sold again or refinanced. Besides sales it counts the appraisals made when a mortgage is refinanced. FHFA publishes it by quarter, and it starts in the first quarter of 1975. The index is set to 100 in the first quarter of 1980.
Read more
What 500metrics adds: the change over one quarter, four quarters, five years and ten years, the highest and lowest value since the series begins, and how the change over a year in the United States compares with the change in each of the nine census divisions.
The numbers behind the chart
What was the all-transactions house price index for the United States in each quarter?The last ten years, 40 quarters, newest first; the chart and the file have every quarter since 1975 Q1
| Quarter | Value | Change over a year |
|---|---|---|
| 719.87 | +3.0% | |
| 712.20 | +3.5% | |
| 707.22 | +3.5% | |
| 703.04 | +3.4% | |
| 698.69 | +3.8% | |
| 688.42 | +4.7% | |
| 683.47 | +5.4% | |
| 679.81 | +4.9% | |
| 673.16 | +5.5% | |
| 657.59 | +6.1% | |
| 648.40 | +5.2% | |
| 648.28 | +4.1% | |
| 637.85 | +4.0% | |
| 619.69 | +7.5% | |
| 616.15 | +10.8% | |
| 622.86 | +15.8% | |
| 613.46 | +20.4% | |
| 576.39 | +19.4% | |
| 556.16 | +18.0% | |
| 537.83 | +16.6% | |
| 509.50 | +12.4% | |
| 482.70 | +7.6% | |
| 471.28 | +6.3% | |
| 461.18 | +4.9% |
Show 16 more rows
| Quarter | Value | Change over a year |
|---|---|---|
| 453.17 | +4.4% | |
| 448.64 | +5.1% | |
| 443.49 | +5.1% | |
| 439.59 | +4.5% | |
| 434.06 | +4.4% | |
| 426.90 | +4.6% | |
| 422.16 | +4.9% | |
| 420.75 | +5.4% | |
| 415.67 | +5.7% | |
| 408.18 | +6.1% | |
| 402.55 | +5.4% | |
| 399.24 | +5.3% | |
| 393.19 | +5.6% | |
| 384.60 | +5.2% | |
| 381.92 | +5.4% | |
| 379.01 | +5.5% |
How does it compare with the nine census divisions?Ranked by the change over a year
| Series | Quarter | Value | Change over a year | Rank |
|---|---|---|---|---|
| Middle Atlantic | 952.65 | +5.1% | 1 | |
| East North Central | 572.63 | +5.0% | 2 | |
| New England | 1,072.44 | +4.0% | 3 | |
| East South Central | 592.90 | +3.5% | 4 | |
| West North Central | 563.06 | +3.4% | 5 | |
| United States (this page) | 719.87 | +3.0% | 6 | |
| South Atlantic | 748.70 | +2.5% | 7 | |
| West South Central | 489.59 | +2.0% | 8 | |
| Mountain | 770.13 | +1.6% | 9 | |
| Pacific | 993.71 | +1.2% | 10 |
The table scrolls sideways; the first column stays in place.
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- The index covers single-family homes with a mortgage that Fannie Mae or Freddie Mac bought or guaranteed. Homes bought with cash or with other mortgages are not in it.
- The index is not adjusted for the season, and a quarter is dated by its first month on this page.
- FHFA revises earlier quarters in each release. This page shows the values of the latest release; we keep every release.
- A census division is a group of states. The nine divisions together are the whole country.
- The changes, the ranks and the highest and lowest values are ours, worked out from the published index values.
Observed . Checked .
How to cite this
Federal Housing Finance Agency, FHFA HPI®, All-transactions, not seasonally adjusted, United States, through the second quarter of 2026. Compiled by 500metrics, "What is the all-transactions house price index for the US?", https://500metrics.com/house-price-index/all-transactions.
Can the data be downloaded?house-price-index-all-transactions.csv
Download the full history as CSV: 206 rows, to , 3,958 bytes.
Our text and compilation: CC BY 4.0.
Recession dates from the National Bureau of Economic Research.
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