Federal Housing Finance Agency FHFA House Price Index: what it is and which datasets use which data Page: https://www.fhfa.gov/data/hpi Saved by HowIsTheUSDoing on 2026-10-07 (downloaded directly). This is a plain-text copy kept as a record of what the page said on that date; the live page is the authority. ======================================================================== FHFA House Price Index® | FHFA Skip to main content Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. FHFA House Price Index® The FHFA HPI® is a comprehensive​ collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. The FHFA House Price Index® (FHFA HPI®) is a comprehensive​ collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. The FHFA HPI® incorporates tens of millions of home sales and offers insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data. What does the FHFA HPI® represent? The FHFA HPI® is a broad measure of the movement of single-family house prices. The FHFA HPI® is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January 1975. The FHFA HPI® serves as a timely, accurate indicator of house price trends at various geographic levels. Because of the breadth of the sample, it provides more information than is available in other house price indexes. It also provides housing economists with an improved analytical tool that is useful for estimating changes in the rates of mortgage defaults, prepayments and housing affordability in specific geographic areas. Other historical news releases and reports FHFA House Price Index® FAQs Methodology: HPI Technical Paper FHFA House Price Index® Focus Pieces Datasets Monthly Purchase-Only Indexes The standard indexes reported in monthly news releases. Use prices from sales transactions of mortgage data obtained from the Enterprises. Quarterly Purchase-Only Indexes The standard indexes reported in quarterly news releases. Use prices from sales transactions of mortgage data obtained from the Enterprises. Quarterly All-Transactions Indexes Build on the purchase-only index data by adding prices from appraisal data obtained from the Enterprises. Quarterly Expanded-Data indexes Build on the purchase-only data by adding transactions from FHA and county recorder data (with sales prices below the annual loan limit ceiling). Purchase-Only Indexes Volatility Parameters The standard deviation of house price growth (accounting for the time between repeat sales). Use prices from sales transactions of mortgage data obtained from the Enterprises. All-Transactions Indexes Volatility Parameters The standard deviation of house price growth (accounting for the time between repeat sales). Build on the purchase-only volatility data by adding prices from appraisal data obtained from the Enterprises. Tools HPI Calculator FHFA HPI® Top 100 Metro Area Rankings HPI Four-Quarter Appreciation Map HPI Summary Tables HPI County and HPI ZIP5 Maps FHFA HPI® Release Dates 2026 HPI Release Dates DateRelease TypeLast Included Data Tuesday, October 27Monthly IndexAugust 2026 Tuesday, November 24Quarterly Index (with Monthly Tables)September 2026 and 2026Q3 Tuesday, December 29Monthly IndexOctober 2026 2027 HPI Release Dates DateRelease TypeLast Included Data Tuesday, January 26Monthly IndexNovember 2026 Tuesday, February 23Quarterly Index (with Monthly Tables)December 2026 and 2026Q4 Tuesday, March 30Monthly IndexJanuary 2027 Tuesday, April 27Monthly IndexFebruary 2027 Tuesday, May 25Quarterly Index (with Monthly Tables)March 2027 and 2027Q1 Tuesday, June 29Monthly IndexApril 2027 Tuesday, July 27Monthly IndexMay 2027 Tuesday, August 31Quarterly Index (with Monthly Tables)June 2027 and 2027Q2 Tuesday, September 28Monthly IndexJuly 2027 Tuesday, October 26Monthly IndexAugust 2027 Tuesday, November 30Quarterly Index (with Monthly Tables)September 2027 and 2027Q3 Tuesday, December 28Monthly IndexOctober 2027 For questions, please contact HPIQuestions@fhfa.gov.​​​​ Latest FHFA House Price Index® (HPI) report ​Release dates for upcoming reports Back to top