Home Value Trail

Change in the FHFA index by state, 2015 to 2025

From the annual release of and the Census Bureau files of 2025.

The FHFA annual index increased from 2015 to 2025 in all 51 areas: the 50 states and the District of Columbia.

The largest 10-year change was in Idaho (+149.0%). The smallest change was in Louisiana (+37.9%).

The index for the United States changed +85.0% in the same years.

States by change over 10 years

Change in the FHFA annual index of each state to 2025, largest 10-year change first
RankState1 year (2024 to 2025)5 years (2020 to 2025)10 years (2015 to 2025)
1Idaho+2.3%+56.6%+149.0%
2Florida−0.5%+59.9%+126.8%
3Nevada+2.2%+48.7%+120.7%
4Utah+2.4%+52.6%+120.6%
5Arizona+0.9%+54.9%+118.7%
6Tennessee+2.4%+59.5%+113.5%
7New Hampshire+4.7%+65.7%+113.0%
8Washington+1.8%+43.9%+113.0%
9Maine+4.7%+67.8%+112.4%
10Rhode Island+5.4%+65.1%+112.1%
11Georgia+2.2%+57.6%+110.1%
12North Carolina+2.5%+60.4%+106.6%
13Montana+2.3%+61.8%+105.0%
14South Carolina+3.5%+60.4%+104.3%
15Michigan+4.7%+51.6%+96.7%
16Wisconsin+5.4%+57.4%+95.5%
17Indiana+4.3%+53.4%+94.5%
18Ohio+4.8%+53.2%+93.4%
19Colorado+0.1%+37.8%+93.3%
20Vermont+3.6%+64.1%+88.8%
21Missouri+3.7%+51.1%+88.2%
22Texas+0.8%+43.5%+88.2%
23New Jersey+6.2%+62.9%+87.7%
24Massachusetts+3.7%+49.2%+87.1%
25Nebraska+3.3%+48.6%+87.0%
26New York+6.0%+51.9%+85.6%
27Oregon+0.9%+34.9%+85.5%
28South Dakota+3.1%+49.5%+84.7%
29Kentucky+3.9%+50.0%+84.1%
30Kansas+4.0%+49.0%+83.6%
31New Mexico+3.1%+49.8%+81.6%
32California+0.8%+39.8%+80.3%
33Arkansas+3.4%+52.0%+78.6%
34Alabama+2.5%+47.2%+77.2%
35Pennsylvania+4.7%+48.0%+76.8%
36Connecticut+6.1%+61.6%+75.1%
37Virginia+3.7%+48.7%+74.6%
38Delaware+3.2%+50.7%+74.2%
39Hawaii+2.9%+46.0%+73.3%
40Minnesota+2.8%+36.8%+71.4%
41Oklahoma+2.6%+45.7%+71.1%
42Wyoming+4.1%+44.4%+67.5%
43Iowa+3.2%+41.4%+65.4%
44Illinois+5.7%+46.9%+64.6%
45Mississippi+3.5%+42.1%+62.3%
46Maryland+2.7%+39.5%+59.8%
47West Virginia+4.1%+40.0%+54.1%
48Alaska+4.1%+39.3%+52.4%
49North Dakota+5.1%+33.6%+45.0%
50District of Columbia+0.4%+12.6%+40.1%
51Louisiana+1.8%+22.1%+37.9%

How the figures were made

The table includes the District of Columbia. Each change is from FHFA's annual all-transactions index for states, in the same two years for every state.

A change of the index is not a change in the value of one home.

A program makes this page from the source files with fixed sentence rules. How the figures are made. Data sources and licenses.

In earlier editions

This table is in the edition of October 2026, the first edition. Each month adds an edition that keeps the first rows of the table as they were.

Every monthly edition.

Other findings