FHFA annual index 2002–2025Developmental county indexPermits through August 2026
Cherry County (100 = first year)United States, rebased to the same startNBER recession
FHFA notes: 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. FHFA describes its county indexes as developmental and subject to revision. The index does not give a dollar value for any home.
FHFA's index for Cherry County, Nebraska, starts in 2002 and stood at 275 in 2025, +175.2% above its base of 100.
Over the ten years to 2025 the index rose +85.5% (+6.4% a year), close to Nebraska at +87.0% and close to the national +85.0%. The latest one-year change is +13.1%.
After a 2005 peak the index fell −8.9% to 2006 and regained the peak in 2007.
Builders were authorised for 22 housing units in the county in the 12 months to August 2026 (+15.8% on the previous 12 months), 4.0 units per 1,000 residents; 100% were single-family houses. Since 1995 the county has authorised 474 units, most in 2015.
+13.1%1 year, 2024–2025Nebraska +3.3%
+48.1%5 yearsUS +47.0%
+85.5%10 years+6.4% a year annualised
—since 2000US +158.3%
22units permitted, 12 months4.0 per 1,000 residents
All columns are FHFA annual all-transactions indexes over the same years.
Decade by decade
Decade
Change
United States
2010s (2010–2020)
+46.3%
+35.5%
2020s so far (2020–2025)
+48.1%
+47.0%
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (2002 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 2002 are not shown.
Peak-to-low declines
Peak
Low
Decline
Peak regained
2023
2024
−10.4%
2025
2005
2006
−8.9%
2007
2008
2009
−6.1%
2010
Building permits
Housing units authorised by building permits in Cherry County, by month over the latest five years and by year since 1995.
Housing units authorised in Cherry County by month, latest 12 monthssingle-family2+ unit buildings
Housing units authorised in Cherry County by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in Cherry County by year, 1995–2025single-family2+ unit buildings
Permits, 12 months to August 2026
Cherry County
Nebraska
United States
Housing units authorised
22
10,519
1,418,086
Units per 1,000 residents
4.0
5.2
4.1
Single-family share
100%
56%
63%
Change on previous 12 months
+15.8%
−4.7%
−0.1%
Units authorised since 1995
474
265,559
43,082,761
Population is the Census Bureau's vintage 2025 estimate. Permits authorise construction; they are not completions.
ZIP codes in Cherry County
Ranked by ten-year change in the FHFA ZIP index. Where a ZIP's index ends before 2025, its spans end in that year.
How much have home values in Cherry County risen over 10 years?
The FHFA index for Cherry County rose +85.5% from 2015 to 2025, about +6.4% a year. Over 20 years: +135.0%; since 2000: —.
How does Cherry County compare with Nebraska and the United States?
Over the ten years to 2025: Cherry County +85.5%, Nebraska +87.0%, United States +85.0%.
What happened to Cherry County prices in 2008?
The index peaked in 2005 and fell −8.9% to 2006; it passed the peak again in 2007. The state index fell — over —–—.
How many homes are being built in Cherry County?
22 housing units were authorised by building permits in the 12 months to August 2026 (22 single-family, 0 in buildings of five or more units), or 4.0 per 1,000 residents against 5.2 for Nebraska.
Where does this data come from?
The index is FHFA's annual county house price index (all-transactions, developmental), last updated March 31, 2026, with values through 2025. Permits are from the Census Bureau Building Permits Survey through August 2026; population is the Census Bureau's vintage 2025 estimate.
Provenance
Index: Federal Housing Finance Agency, annual house price index for counties (all-transactions, developmental), last updated March 31, 2026, values 2002–2025; metro, state and national comparisons from FHFA's annual indexes in the same release. Permits: Census Bureau Building Permits Survey, county and place files, through August 2026. Population: Census Bureau vintage 2025 estimates. ZIP assignment: 2020 ZCTA-to-county relationship file. Public domain throughout. Corrections · FHFA HPI datasets · Building Permits Survey.