Home Value Trail

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State

Massachusetts

14 counties with an index · 10 metro and micro areas · 454 ZIP codes · 206 permit-issuing places · 7,154,084 residents (2025 est.)

FHFA quarterly index through 2026 Q2Annual index 1975–2025Permits through August 2026
FHFA all-transactions house price index for Massachusetts, quarterly from 1975 to 2026 Q2, with the national index rebased to the same start and NBER recessions shadedRecession 1973–75Recession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 202005001,0001,50019801990200020102020United States2026: 1,327
Massachusetts (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. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.

Massachusetts's FHFA house price index starts in 1975. Through 2025 it has risen +1585.4%; over the ten years to 2025 the rise was +87.1% (+6.5% a year), close to the national +85.0%.

The quarterly index through 2026 Q2 is +3.2% on a year earlier and +1.2% on the quarter; nationally +3.0% and +1.1%.

The index peaked in 2006, fell −18.6% to 2012 and regained the peak in 2017; the national index fell −21.3% over 2007–2012.

13,778 housing units were authorised in Massachusetts in the 12 months to August 2026, 1.9 per 1,000 residents against 4.1 nationally; that is +16.2% on the previous 12 months. 14 counties, 10 metro and micro areas, 454 ZIP codes and 206 permit-issuing places in the state have their own pages.

+3.2%year to 2026 Q2, quarterly indexUS +3.0%
+3.7%1 year, 2024–2025US +2.8%
+49.2%5 yearsUS +47.0%
+87.1%10 years+6.5% a year annualised
+175.9%since 2000US +158.3%
13,778units permitted, 12 months1.9 per 1,000 residents · US 4.1

Same span, state and nation

Change in the FHFA indexMassachusettsUnited States
1 year (2024–2025)+3.7%+2.8%
5 years (2020–2025)+49.2%+47.0%
10 years (2015–2025)+87.1%+85.0%
20 years (2005–2025)+70.7%+79.1%
Since 2000+175.9%+158.3%
Since 1975+1585.4%+960.7%
10-year annualised+6.5%+6.3%
20-year annualised+2.7%+3.0%

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)+178.5%+68.2%
1990s (1990–2000)+36.2%+33.9%
2000s (2000–2010)+37.8%+29.7%
2010s (2010–2020)+34.2%+35.5%
2020s so far (2020–2025)+49.2%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 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 1975 are not shown.

Peak-to-low declines

PeakLowDeclinePeak regained
20062012−18.6%2017
19891993−12.3%1998

Purchase-only index

FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.

FHFA purchase-only house price index for Massachusetts, quarterly, with the national purchase-only index rebased to the same startRecession 1990–91Recession 2001Recession 2007–09Recession 202001002003004005006001995200020052010201520202025United States, purchase-only2026: 493
Massachusetts, purchase-only (100 = first year)United States, purchase-only, rebased to the same startNBER recession

Counties

Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.

County1 year10 yearsSince 2000Units, 12 monthsPer 1,000Index through
Dukes County+8.3%+141.1%+321.7%1728.12025
Barnstable County+1.8%+103.3%+234.2%4952.12025
Worcester County+3.4%+94.9%+165.5%1,8262.12025
Plymouth County+4.4%+93.8%+188.3%1,1012.02025
Bristol County+4.1%+92.7%+187.1%1,3102.22025
Essex County+4.8%+92.0%+174.1%1,0631.32025
Franklin County+9.6%+90.9%+182.4%630.92025
Suffolk County+3.4%+86.7%+224.9%2,1582.72025
Hampden County+5.3%+83.6%+169.0%3620.82025
Middlesex County+3.6%+83.1%+176.1%2,8761.72025
Berkshire County+1.1%+82.4%+172.8%1371.12025
Norfolk County+3.0%+79.9%+176.3%1,5762.12025
Hampshire County+6.0%+77.7%+181.4%3872.42025
Nantucket County+4.4%+54.7%+119.9%25217.12021

Metro and micropolitan areas

Areas with any county in Massachusetts; multi-state areas appear under each of their states.

AreaType1 year10 yearsYear to 2026 Q2Units, 12 months
Vineyard Haven, MAMicro+8.3%+141.1%—172
Providence-Warwick, RI-MAMetro+5.0%+105.3%+4.7%3,423
Barnstable Town, MAMetro+1.8%+103.3%+4.3%495
Worcester, MAMetro+3.4%+94.9%+2.5%1,826
Greenfield, MAMicro+9.6%+90.9%—63
Boston-Cambridge-Newton, MA-NHMetro+4.0%+89.3%—10,842
Springfield, MAMetro+5.3%+83.6%+4.4%362
Pittsfield, MAMetro+1.1%+82.4%+6.3%137
Amherst Town-Northampton, MAMetro+6.0%+77.7%+2.4%387
Nantucket, MAMicro+4.4%+54.7%—252

Building permits

Housing units authorised in Massachusetts by month, latest 60 months01,0002,0003,000Sep 2021: 1,828 units (532 single-family, 1,296 in multi-unit buildings)Sep 2021Oct 2021: 1,021 units (455 single-family, 566 in multi-unit buildings)Nov 2021: 1,047 units (500 single-family, 547 in multi-unit buildings)Dec 2021: 2,673 units (637 single-family, 2,036 in multi-unit buildings)Jan 2022: 1,173 units (534 single-family, 639 in multi-unit buildings)Feb 2022: 2,127 units (499 single-family, 1,628 in multi-unit buildings)Mar 2022: 1,795 units (639 single-family, 1,156 in multi-unit buildings)Apr 2022: 1,960 units (555 single-family, 1,405 in multi-unit buildings)May 2022: 1,482 units (555 single-family, 927 in multi-unit buildings)Jun 2022: 2,200 units (568 single-family, 1,632 in multi-unit buildings)Jul 2022: 1,650 units (521 single-family, 1,129 in multi-unit buildings)Aug 2022: 1,083 units (543 single-family, 540 in multi-unit buildings)Sep 2022: 1,611 units (609 single-family, 1,002 in multi-unit buildings)Sep 2022Oct 2022: 1,056 units (489 single-family, 567 in multi-unit buildings)Nov 2022: 1,293 units (414 single-family, 879 in multi-unit buildings)Dec 2022: 1,510 units (441 single-family, 1,069 in multi-unit buildings)Jan 2023: 1,088 units (388 single-family, 700 in multi-unit buildings)Feb 2023: 1,165 units (327 single-family, 838 in multi-unit buildings)Mar 2023: 1,475 units (444 single-family, 1,031 in multi-unit buildings)Apr 2023: 819 units (417 single-family, 402 in multi-unit buildings)May 2023: 1,481 units (501 single-family, 980 in multi-unit buildings)Jun 2023: 1,355 units (563 single-family, 792 in multi-unit buildings)Jul 2023: 1,201 units (450 single-family, 751 in multi-unit buildings)Aug 2023: 1,117 units (522 single-family, 595 in multi-unit buildings)Sep 2023: 1,009 units (402 single-family, 607 in multi-unit buildings)Sep 2023Oct 2023: 841 units (465 single-family, 376 in multi-unit buildings)Nov 2023: 729 units (455 single-family, 274 in multi-unit buildings)Dec 2023: 1,798 units (403 single-family, 1,395 in multi-unit buildings)Jan 2024: 1,359 units (400 single-family, 959 in multi-unit buildings)Feb 2024: 1,303 units (383 single-family, 920 in multi-unit buildings)Mar 2024: 1,507 units (401 single-family, 1,106 in multi-unit buildings)Apr 2024: 903 units (489 single-family, 414 in multi-unit buildings)May 2024: 1,064 units (548 single-family, 516 in multi-unit buildings)Jun 2024: 1,475 units (718 single-family, 757 in multi-unit buildings)Jul 2024: 1,015 units (519 single-family, 496 in multi-unit buildings)Aug 2024: 1,561 units (757 single-family, 804 in multi-unit buildings)Sep 2024: 731 units (449 single-family, 282 in multi-unit buildings)Sep 2024Oct 2024: 1,289 units (527 single-family, 762 in multi-unit buildings)Nov 2024: 1,006 units (355 single-family, 651 in multi-unit buildings)Dec 2024: 1,277 units (462 single-family, 815 in multi-unit buildings)Jan 2025: 877 units (370 single-family, 507 in multi-unit buildings)Feb 2025: 845 units (247 single-family, 598 in multi-unit buildings)Mar 2025: 941 units (400 single-family, 541 in multi-unit buildings)Apr 2025: 1,101 units (442 single-family, 659 in multi-unit buildings)May 2025: 1,085 units (484 single-family, 601 in multi-unit buildings)Jun 2025: 704 units (387 single-family, 317 in multi-unit buildings)Jul 2025: 1,094 units (490 single-family, 604 in multi-unit buildings)Aug 2025: 911 units (473 single-family, 438 in multi-unit buildings)Sep 2025: 1,582 units (441 single-family, 1,141 in multi-unit buildings)Sep 2025Oct 2025: 1,245 units (527 single-family, 718 in multi-unit buildings)Nov 2025: 766 units (374 single-family, 392 in multi-unit buildings)Dec 2025: 905 units (364 single-family, 541 in multi-unit buildings)Jan 2026: 580 units (331 single-family, 249 in multi-unit buildings)Feb 2026: 477 units (248 single-family, 229 in multi-unit buildings)Mar 2026: 730 units (375 single-family, 355 in multi-unit buildings)Apr 2026: 967 units (450 single-family, 517 in multi-unit buildings)May 2026: 1,452 units (454 single-family, 998 in multi-unit buildings)Jun 2026: 2,413 units (621 single-family, 1,792 in multi-unit buildings)Jul 2026: 1,454 units (552 single-family, 902 in multi-unit buildings)Aug 2026: 1,207 units (445 single-family, 762 in multi-unit buildings)

Housing units authorised in Massachusetts by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in Massachusetts by year, 1995–2025010,00020,00030,0001995: 16,428 units (14,449 single-family, 1,979 in multi-unit buildings)19951996: 17,261 units (15,077 single-family, 2,184 in multi-unit buildings)1997: 17,186 units (15,152 single-family, 2,034 in multi-unit buildings)1998: 19,254 units (16,303 single-family, 2,951 in multi-unit buildings)1999: 18,967 units (15,457 single-family, 3,510 in multi-unit buildings)2000: 18,000 units (14,199 single-family, 3,801 in multi-unit buildings)20002001: 17,034 units (13,030 single-family, 4,004 in multi-unit buildings)2002: 17,465 units (13,636 single-family, 3,829 in multi-unit buildings)2003: 20,257 units (13,037 single-family, 7,220 in multi-unit buildings)2004: 22,477 units (14,842 single-family, 7,635 in multi-unit buildings)2005: 24,549 units (14,585 single-family, 9,964 in multi-unit buildings)20052006: 19,580 units (10,916 single-family, 8,664 in multi-unit buildings)2007: 15,358 units (8,928 single-family, 6,430 in multi-unit buildings)2008: 9,883 units (5,368 single-family, 4,515 in multi-unit buildings)2009: 7,941 units (5,074 single-family, 2,867 in multi-unit buildings)2010: 9,075 units (5,839 single-family, 3,236 in multi-unit buildings)20102011: 7,725 units (4,899 single-family, 2,826 in multi-unit buildings)2012: 11,111 units (5,920 single-family, 5,191 in multi-unit buildings)2013: 14,569 units (7,100 single-family, 7,469 in multi-unit buildings)2014: 14,486 units (7,330 single-family, 7,156 in multi-unit buildings)2015: 17,424 units (6,922 single-family, 10,502 in multi-unit buildings)20152016: 16,288 units (7,641 single-family, 8,647 in multi-unit buildings)2017: 17,728 units (7,278 single-family, 10,450 in multi-unit buildings)2018: 17,044 units (7,169 single-family, 9,875 in multi-unit buildings)2019: 17,365 units (6,292 single-family, 11,073 in multi-unit buildings)2020: 17,025 units (6,754 single-family, 10,271 in multi-unit buildings)20202021: 19,853 units (7,231 single-family, 12,622 in multi-unit buildings)2022: 16,830 units (6,232 single-family, 10,598 in multi-unit buildings)2023: 13,214 units (5,075 single-family, 8,139 in multi-unit buildings)2024: 14,338 units (5,626 single-family, 8,712 in multi-unit buildings)2025: 12,477 units (5,018 single-family, 7,459 in multi-unit buildings)2025

Housing units authorised in Massachusetts by year, 1995–2025single-family2+ unit buildings

Single-family share of the latest 12 months: 38% (63% nationally). Since 1995: 498,192 units.

Year by year

Each year's index change and permits, with every county's figures for that year.

YearMassachusetts indexUS indexUnits permittedSingle-family
2025+3.7%+2.8%12,4775,018
2024+6.4%+4.9%14,3385,626
2023+7.7%+5.7%13,2145,075
2022+13.2%+15.5%16,8306,232
2021+11.0%+11.6%19,8537,231
2020+3.1%+3.0%17,0256,754
2019+4.2%+4.2%17,3656,292
2018+5.3%+5.7%17,0447,169
2017+5.7%+5.4%17,7287,278
2016+4.9%+5.3%16,2887,641
2015+3.6%+4.4%17,4246,922
2014+5.2%+6.2%14,4867,330
2013+1.8%+3.4%14,5697,100
2012−1.3%−1.8%11,1115,920
2011−2.4%−4.4%7,7254,899
2010−2.4%−5.1%9,0755,839
2009−5.9%−7.5%7,9415,074
2008−4.9%−4.5%9,8835,368
2007−3.3%+0.6%15,3588,928
2006+1.0%+6.6%19,58010,916
2005+9.8%+12.4%24,54914,585
2004+10.6%+9.2%22,47714,842
2003+7.7%+4.5%20,25713,037
2002+10.8%+5.4%17,46513,636
2001+11.4%+6.7%17,03413,030
2000+17.0%+8.3%18,00014,199
1999+8.5%+4.3%18,96715,457
1998+6.0%+3.7%19,25416,303
1997+4.4%+3.8%17,18615,152
1996+3.3%+3.2%17,26115,077
1995+2.2%+3.7%16,42814,449

Cities issuing the most permits

Housing units authorised in the 12 months to August 2026; every place is listed on its county page.

Questions and answers

How much have home values in Massachusetts risen over 10 years?

The FHFA index rose +87.1% between 2015 and 2025, +6.5% a year; over 20 years +70.7% and since 2000 +175.9%. Nationally: +85.0%, +79.1% and +158.3%.

Which Massachusetts counties rose most over 10 years?

Dukes County (+141.1%), Barnstable County (+103.3%) and Worcester County (+94.9%), by FHFA's annual county index to 2025.

What happened to Massachusetts home prices in 2008?

The state index peaked in 2006, fell −18.6% to 2012 and regained its peak in 2017.

How many homes are being built in Massachusetts?

13,778 units were authorised in the 12 months to August 2026: 5,182 single-family and 8,596 in multi-unit buildings, 1.9 per 1,000 residents.

Where does this data come from?

FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.

Provenance

Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.