FHFA House Price Index

Principal Investigator(s):  View help for Principal Investigator(s) FHFA Housing

Version:  View help for Version V2

Name File Type Size Last Modified
Housing Price Index.zip application/zip 64.5 MB 02/21/2025 03:17:AM

Project Citation: 

FHFA Housing. FHFA House Price Index. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2026-04-10. https://doi.org/10.3886/E220325V2

Project Description

Project Title:  View help for Project Title FHFA House Price Index
Summary:  View help for Summary
FHFA House Price Index
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.

***For FHFA Annual House Price Index
Microdata: Yes
Level of Analysis: Local - CBSA, zip, tract; State; Nation
Variables Present: Yes
File Layout: .xlsx
Codebook: Yes
Methods: Yes
Weights (with appropriate documentation): Yes
Publications: No
Aggregate Data: No

***For FHFA Metro House Price Index
Microdata: Yes
Level of Analysis: Local - Metro Region
Variables Present: Yes
File Layout: .xlsx
Codebook: Yes
Methods: Yes
Weights (with appropriate documentation): No
Publications: No
Aggregate Data: No

***For FHFA Monthly House Price Index
Microdata: Yes
Level of Analysis: Region
Variables Present: Yes
File Layout: .xls
Codebook: Yes
Methods: Yes
Weights (with appropriate documentation): No
Publications: No
Aggregate Data: Yes

***FHFA Quartlerly House Price Index
Microdata: Yes
Level of Analysis: Local - CBSA, zip, tract, metro, nonmetro; state; nation
Variables Present: Yes
File Layout: .xlsx
Codebook: Yes
Methods: Yes
Weights (with appropriate documentation): yes
Publications: No
Aggregate Data: No

Scope of Project

Subject Terms:  View help for Subject Terms housing costs; housing
Geographic Coverage:  View help for Geographic Coverage United States


Related Publications

Download this project

Published Versions

V2 [2026-04-10]

V1 [2025-02-21]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as received from the data depositor. ICPSR has not reviewed, checked, or processed this material. For additional information about the study, please contact the investigator(s) directly. If you have questions about the accessibility of materials distributed by ICPSR or require further assistance, please visit ICPSR's Accessibility Center.