US home prices: the FHFA index, 2026Q1
In the first quarter of 2026, the typical US state was up +3.79% over the year on the FHFA repeat-sales index, +8.19% a year over five and +6.74%a year over ten. Below are the states and metros that moved most, read straight from the index for this quarter. The index measures repeat-sales price change relative to each area’s own base period; it is not a dollar price.
Federal Housing Finance Agency, All-Transactions House Price Index, data to 2026Q1. Source
Each figure is the median across the states publishing that window, annualised: the average yearly rate over the window, not the total change across it.
Fastest-appreciating states over the year
| State | 1yr rank | 1 year | 5 year | 10 year |
|---|---|---|---|---|
| Alaska | +7.37% | +7.37% | +7.34% | +4.77% |
| Connecticut | +6.55% | +6.55% | +9.94% | +6.49% |
| New York | +6.11% | +6.11% | +8.68% | +6.91% |
| Illinois | +5.75% | +5.75% | +8.37% | +5.65% |
| New Jersey | +5.38% | +5.38% | +10.17% | +7.03% |
| New Hampshire | +5.35% | +5.35% | +10.08% | +8.2% |
| Pennsylvania | +5.29% | +5.29% | +8.21% | +6.46% |
| Michigan | +5.01% | +5.01% | +8.56% | +7.39% |
Slowest and cooling states
| State | 1yr rank | 1 year | 5 year | 10 year |
|---|---|---|---|---|
| Colorado | +0.78% | +0.78% | +6.07% | +6.75% |
| District of Columbia | +0.86% | +0.86% | +2.15% | +3.35% |
| Texas | +1.24% | +1.24% | +7.21% | +6.69% |
| Hawaii | +1.31% | +1.31% | +7.49% | +5.44% |
| Washington | +1.73% | +1.73% | +6.85% | +7.79% |
| Idaho | +1.76% | +1.76% | +7.9% | +9.73% |
| Nevada | +1.76% | +1.76% | +7.32% | +8.03% |
| California | +1.77% | +1.77% | +6.33% | +6.03% |
Fastest-appreciating metros over the year
| Metro | 1 year | 5 year | 10 year |
|---|---|---|---|
| Dothan, AL | +15.92% | +8.63% | +5.74% |
| Elmira, NY | +14.67% | +7.32% | +5.8% |
| Parkersburg-Vienna, WV | +11.87% | +7.55% | +5.32% |
| Lawton, OK | +11.09% | +7.83% | +5.52% |
| Gadsden, AL | +10% | +9.68% | +6.78% |
| Bangor, ME | +9.68% | +10.89% | +7.9% |
| Springfield, OH | +9.57% | +9.88% | +7.59% |
| Peoria, IL | +9.03% | +7.93% | +4.54% |
| Midland, MI | +8.99% | +9.74% | +7.17% |
| Syracuse, NY | +8.96% | +10.67% | +7.62% |
| Utica-Rome, NY | +8.75% | +9.75% | +7.49% |
| Jackson, MI | +8.72% | +8.82% | +7.73% |
A single quarter moves a long way in smaller metros; the state pages carry the full five and ten year windows.
Cooling metros
| Metro | 1 year | 5 year | 10 year |
|---|---|---|---|
| Punta Gorda, FL | -7.32% | +6.12% | +6.83% |
| Brunswick-St. Simons, GA | -6.17% | +9.67% | +7.58% |
| Hammond, LA | -5.55% | +4.46% | +3.79% |
| Hattiesburg, MS | -4.71% | +7.03% | +5.01% |
| Bozeman, MT | -3.31% | +8.57% | +8.81% |
| Minot, ND | -2.9% | +5.25% | +3.08% |
| Sumter, SC | -2.84% | +8.81% | +6.01% |
| Cape Coral-Fort Myers, FL | -2.67% | +7.24% | +6.82% |
| Fort Smith, AR-OK | -1.9% | +8.6% | +6.37% |
| Beckley, WV | -1.75% | +8.09% | +4.6% |
| Grand Island, NE | -1.1% | +8.38% | +6.62% |
| Victoria, TX | -0.96% | +6.36% | +4.62% |
Highest-priced states, relative to their own history
| State | Index level | 1 year | 30 year |
|---|---|---|---|
| Massachusetts | 1,313 | +4.21% | +5.08% |
| New York | 1,157 | +6.11% | +4.76% |
| District of Columbia | 1,064 | +0.86% | +5.83% |
| Rhode Island | 1,040 | +4.47% | +4.94% |
| Maine | 1,036 | +4.89% | +5.12% |
| Washington | 1,031 | +1.73% | +5.26% |
| California | 977 | +1.77% | +5.37% |
| Hawaii | 951 | +1.31% | +4.47% |
A higher index means prices have risen further from that state’s base period, not that homes there cost more in dollars. Two states with different base periods cannot be compared in dollars from the index alone.
Fastest-appreciating states over ten years
| State | 10yr rank | 1 year | 5 year | 10 year |
|---|---|---|---|---|
| Idaho | +9.73% | +1.76% | +7.9% | +9.73% |
| Florida | +8.5% | +1.94% | +9.29% | +8.5% |
| Utah | +8.41% | +2.95% | +7.89% | +8.41% |
| Maine | +8.35% | +4.89% | +10.52% | +8.35% |
| Tennessee | +8.33% | +3.51% | +9.7% | +8.33% |
| Arizona | +8.28% | +2.35% | +8.11% | +8.28% |
| New Hampshire | +8.2% | +5.35% | +10.08% | +8.2% |
| Rhode Island | +8.17% | +4.47% | +10.04% | +8.17% |
Index values are not dollar prices. They measure repeat-sales price change for a geography relative to its own base period. Figures are subject to revision by the FHFA. This report is data, not an appraisal: your own home turns on the price you paid and when, which the estimator works out from your figures.