House price index by state
The house price index tracks what the same homes sell for over time, so it strips out the mix effect that makes median sale prices jump whenever the type of home selling changes. This is the FHFA index, rolled up from county level to give every state a one-year and five-year growth figure.
Median county within each state, 2025 annual index. Source: FHFA House Price Index (annual, all-transactions).
National median
+3.5%
one-year price change
Fastest growth
+6.6%
North Dakota
Slowest growth
+0.3%
Florida
| Rank | State | 1-year change | 5-year change |
|---|---|---|---|
| 1 | North Dakota | +6.6% | +35.3% |
| 2 | Connecticut | +6.3% | +61.8% |
| 3 | New York | +6.2% | +55.9% |
| 4 | Illinois | +6.1% | +44.1% |
| 5 | New Jersey | +6.1% | +66.4% |
| 6 | West Virginia | +5.4% | +41.7% |
| 7 | Rhode Island | +5.3% | +65.8% |
| 8 | Wisconsin | +5.3% | +61.2% |
| 9 | Ohio | +5.1% | +54.4% |
| 10 | Michigan | +5.0% | +63.3% |
| 11 | Maine | +4.9% | +71.1% |
| 12 | Vermont | +4.9% | +65.0% |
| 13 | Missouri | +4.8% | +56.0% |
| 14 | Pennsylvania | +4.7% | +46.0% |
| 15 | New Hampshire | +4.6% | +70.0% |
| 16 | Indiana | +4.6% | +56.0% |
| 17 | Virginia | +4.5% | +53.1% |
| 18 | Kansas | +4.4% | +49.4% |
| 19 | Alaska | +4.3% | +36.0% |
| 20 | Massachusetts | +4.1% | +53.3% |
| 21 | Nebraska | +4.1% | +50.8% |
| 22 | Kentucky | +4.0% | +53.8% |
| 23 | Wyoming | +4.0% | +47.4% |
| 24 | South Carolina | +3.8% | +61.1% |
| 25 | Tennessee | +3.6% | +70.7% |
| 26 | Iowa | +3.5% | +43.9% |
| 27 | South Dakota | +3.5% | +51.1% |
| 28 | Mississippi | +3.3% | +38.5% |
| 29 | Minnesota | +3.3% | +45.0% |
| 30 | Arkansas | +3.2% | +49.1% |
| 31 | Maryland | +3.0% | +44.4% |
| 32 | Georgia | +2.9% | +62.4% |
| 33 | Hawaii | +2.8% | +53.8% |
| 34 | Delaware | +2.8% | +49.7% |
| 35 | Oklahoma | +2.8% | +46.8% |
| 36 | New Mexico | +2.6% | +52.1% |
| 37 | Utah | +2.6% | +58.8% |
| 38 | Louisiana | +2.5% | +25.4% |
| 39 | Washington | +2.5% | +50.4% |
| 40 | North Carolina | +2.5% | +62.6% |
| 41 | Nevada | +2.4% | +46.8% |
| 42 | Alabama | +2.3% | +48.5% |
| 43 | Idaho | +2.1% | +63.8% |
| 44 | Texas | +2.1% | +49.1% |
| 45 | Montana | +1.8% | +66.2% |
| 46 | Oregon | +1.4% | +47.9% |
| 47 | Arizona | +1.4% | +56.1% |
| 48 | California | +0.9% | +35.8% |
| 49 | Colorado | +0.5% | +47.5% |
| 50 | District of Columbia | +0.4% | +12.6% |
| 51 | Florida | +0.3% | +60.1% |
Price growth is only half of a buying decision. See housing affordability by state for what a mortgage actually takes out of a typical income, and mortgage approval and denial data for how lenders are treating applicants where you live.
Methodology
The Federal Housing Finance Agency builds its House Price Index from repeat transactions on the same property: each observation compares a sale or appraisal against the previous one for that house. That is why it is a better read on price direction than a median sale price, which moves whenever the mix of homes changing hands moves.
FHFA publishes the annual all-transactions index at county level. To produce a state figure we take the median county within the state rather than an average, so one very large or very small county cannot pull the state number around. The number of counties behind each state figure is what determines how stable it is.
The five-year column is the cumulative change over five years, not an annualised rate. A state can show strong five-year growth and flat one-year growth; that combination is exactly what a market cooling after a run looks like.
States with no published county index for the latest year are listed as missing rather than estimated.
Sources: Federal Housing Finance Agency, House Price Index (annual, all-transactions, county level). American Community Survey 5-year estimates, 2025.