learnacross the u.s.home price tracker
U.S. home prices, metro by metro
How home prices have moved in the 100 largest U.S. metro areas, from the federal government’s house price index: the past year, five years, since 2012, and the 2022–23 dip. Data through the second quarter of 2026, with mortgage rates through October 15, 2026.
The short answerAll 100 metro areasMortgage ratesReading it right
- metro areas100the largest in the U.S.
- typical past year+2.0%median, to Q2 2026
- lower than a year ago26 of 100metro areas
- 30-year rate7.40%October 15, 2026
the short answer
The short answer
- The typical metro area: the median change across the 100 largest metro areas was +2.0% over the past year, +33% over five years and +148% since 2012.
- Rising most: Elgin, IL† (+7.5%), Allentown-Bethlehem-Easton, PA-NJ (+6.9%), Bridgeport-Stamford-Danbury, CT (+6.5%), Charleston-North Charleston, SC (+6.4%) and El Paso, TX (+6.2%).
- Falling most: Everett, WA† (−3.9%), San Antonio-New Braunfels, TX (−3.0%), Bakersfield-Delano, CA (−2.5%), Seattle-Bellevue-Kent, WA† (−2.5%) and Tucson, AZ (−2.4%). In all, 26 of the 100 were lower than a year earlier.
- The 2022–23 dip: 67 of the 100 dipped after their 2022 high; the deepest drops were San Francisco-San Mateo-Redwood City, CA† (−16.0%), Austin-Round Rock-San Marcos, TX (−12.2%) and Boise City, ID (−10.5%). 14 are still below that 2022 high.
- The Bay Area: for the past year, San Jose-Sunnyvale-Santa Clara, CA ranked 94 of 100 (−2.0%, and +151% since 2012); San Francisco-San Mateo-Redwood City, CA† ranked 95 of 100 (−2.3%, and +135% since 2012); Oakland-Fremont-Berkeley, CA† ranked 68 of 100 (+0.5%, and +169% since 2012). All three are still below their 2022 highs on this index.
- Mortgage rates: the average 30-year fixed rate was 7.40% on October 15, 2026, against an average of 6.48% so far in 2026. Since 2012 it has ranged from 2.65% (January 7, 2021) to 7.79% (October 26, 2023).
all 100
All 100 metro areas, ranked by the past year
Change in the purchase-only house price index, Q2 2026.
| # | Metro area | Past year | 5 years | Since 2012 | 2022–23 dip | Above its 2022 high? |
|---|---|---|---|---|---|---|
| 1 | Elgin, IL† | +7.5% | +47% | +140% | none | yes |
| 2 | Allentown-Bethlehem-Easton, PA-NJ | +6.9% | +50% | +130% | none | yes |
| 3 | Bridgeport-Stamford-Danbury, CT | +6.5% | +49% | +108% | none | yes |
| 4 | Charleston-North Charleston, SC | +6.4% | +49% | +225% | none | yes |
| 5 | El Paso, TX | +6.2% | +45% | +106% | −1.4% | yes |
| 6 | Milwaukee-Waukesha, WI | +6.1% | +44% | +146% | none | yes |
| 7 | Chicago-Naperville-Schaumburg, IL† | +5.8% | +41% | +119% | none | yes |
| 8 | New York-Jersey City-White Plains, NY-NJ† | +5.6% | +43% | +118% | −1.0% | yes |
| 9 | Newark, NJ† | +5.4% | +46% | +116% | −1.1% | yes |
| 10 | Greensboro-High Point, NC | +5.1% | +43% | +139% | −0.7% | yes |
| 11 | Cleveland, OH | +5.1% | +41% | +139% | none | yes |
| 12 | Albany-Schenectady-Troy, NY | +5.0% | +45% | +105% | −2.0% | yes |
| 13 | Camden, NJ† | +4.9% | +54% | +131% | none | yes |
| 14 | Detroit-Dearborn-Livonia, MI† | +4.7% | +39% | +191% | −1.0% | yes |
| 15 | Boston, MA† | +4.6% | +33% | +136% | −1.4% | yes |
| 16 | Nassau County-Suffolk County, NY† | +4.4% | +41% | +122% | −0.4% | yes |
| 17 | Hartford-West Hartford-East Hartford, CT | +4.3% | +52% | +97% | none | yes |
| 18 | Dayton-Kettering-Beavercreek, OH | +4.2% | +42% | +139% | none | yes |
| 19 | Montgomery County-Bucks County-Chester County, PA† | +4.2% | +39% | +110% | none | yes |
| 20 | St. Louis, MO-IL | +4.1% | +35% | +116% | none | yes |
| 21 | Providence-Warwick, RI-MA | +4.1% | +43% | +154% | −1.2% | yes |
| 22 | Boise City, ID | +3.9% | +15% | +283% | −10.5% | yes |
| 23 | Buffalo-Cheektowaga, NY | +3.6% | +43% | +157% | none | yes |
| 24 | Columbus, OH | +3.6% | +38% | +162% | none | yes |
| 25 | Arlington-Alexandria-Reston, VA-WV† | +3.5% | +27% | +95% | −2.6% | yes |
| 26 | Cambridge-Newton-Framingham, MA† | +3.4% | +32% | +144% | −3.7% | yes |
| 27 | West Palm Beach-Boca Raton-Delray Beach, FL† | +3.2% | +49% | +276% | −1.6% | yes |
| 28 | Warren-Troy-Farmington Hills, MI† | +3.2% | +33% | +178% | −1.6% | yes |
| 29 | Cincinnati, OH-KY-IN | +3.2% | +41% | +147% | none | yes |
| 30 | Grand Rapids-Wyoming-Kentwood, MI | +3.1% | +41% | +216% | none | yes |
| 31 | North Port-Bradenton-Sarasota, FL | +3.0% | +30% | +216% | −2.1% | not yet |
| 32 | Worcester, MA | +2.9% | +37% | +141% | none | yes |
| 33 | Pittsburgh, PA | +2.9% | +30% | +115% | none | yes |
| 34 | Lakewood-New Brunswick, NJ† | +2.9% | +50% | +129% | none | yes |
| 35 | Philadelphia, PA† | +2.8% | +27% | +104% | −0.5% | yes |
| 36 | Kansas City, MO-KS | +2.8% | +35% | +163% | none | yes |
| 37 | Lakeland-Winter Haven, FL | +2.6% | +33% | +234% | −2.6% | yes |
| 38 | Omaha, NE-IA | +2.6% | +33% | +132% | none | yes |
| 39 | Louisville/Jefferson County, KY-IN | +2.4% | +34% | +121% | none | yes |
| 40 | Raleigh-Cary, NC | +2.3% | +36% | +155% | −2.1% | yes |
| 41 | Oklahoma City, OK | +2.3% | +28% | +101% | −0.3% | yes |
| 42 | Minneapolis-St. Paul-Bloomington, MN-WI | +2.2% | +20% | +122% | −1.5% | yes |
| 43 | Anaheim-Santa Ana-Irvine, CA† | +2.2% | +37% | +168% | −4.9% | yes |
| 44 | Rochester, NY | +2.2% | +52% | +140% | none | yes |
| 45 | Tampa, FL† | +2.2% | +40% | +233% | −0.6% | yes |
| 46 | Indianapolis-Carmel-Greenwood, IN | +2.0% | +35% | +147% | −0.2% | yes |
| 47 | Stockton-Lodi, CA | +2.0% | +13% | +208% | −5.1% | not yet |
| 48 | Baltimore-Columbia-Towson, MD | +2.0% | +26% | +79% | none | yes |
| 49 | Columbia, SC | +2.0% | +45% | +121% | none | yes |
| 50 | Tacoma-Lakewood, WA† | +2.0% | +20% | +223% | −3.8% | yes |
| 51 | Wilmington, DE-MD-NJ† | +2.0% | +39% | +99% | −1.2% | yes |
| 52 | Little Rock-North Little Rock-Conway, AR | +1.8% | +32% | +75% | none | yes |
| 53 | Virginia Beach-Chesapeake-Norfolk, VA-NC | +1.8% | +38% | +101% | none | yes |
| 54 | Baton Rouge, LA | +1.8% | +20% | +68% | −0.5% | yes |
| 55 | Richmond, VA | +1.8% | +37% | +140% | none | yes |
| 56 | Tulsa, OK | +1.8% | +37% | +114% | none | yes |
| 57 | Las Vegas-Henderson-North Las Vegas, NV | +1.7% | +30% | +279% | −7.2% | yes |
| 58 | Greenville-Anderson-Greer, SC | +1.6% | +43% | +166% | −0.6% | yes |
| 59 | Knoxville, TN | +1.6% | +50% | +174% | none | yes |
| 60 | Atlanta-Sandy Springs-Roswell, GA† | +1.3% | +33% | +184% | −0.9% | yes |
| 61 | Fresno, CA | +1.3% | +27% | +163% | −4.0% | yes |
| 62 | Marietta, GA† | +1.2% | +36% | +237% | −1.2% | yes |
| 63 | Provo-Orem-Lehi, UT | +1.2% | +23% | +200% | −6.2% | yes |
| 64 | St. Petersburg-Clearwater-Largo, FL† | +1.0% | +34% | +241% | −2.1% | yes |
| 65 | Orlando-Kissimmee-Sanford, FL | +0.8% | +39% | +218% | −1.0% | yes |
| 66 | Birmingham, AL | +0.8% | +33% | +117% | −0.5% | yes |
| 67 | Phoenix-Mesa-Chandler, AZ | +0.7% | +27% | +233% | −7.6% | yes |
| 68 | Oakland-Fremont-Berkeley, CA† | +0.5% | +1% | +169% | −6.7% | not yet |
| 69 | Frederick-Gaithersburg-Bethesda, MD† | +0.5% | +22% | +78% | −1.7% | yes |
| 70 | Cape Coral-Fort Myers, FL | +0.3% | +21% | +177% | −1.6% | not yet |
| 71 | Fort Worth-Arlington-Grapevine, TX† | +0.3% | +26% | +159% | −0.9% | yes |
| 72 | San Diego-Chula Vista-Carlsbad, CA | +0.2% | +26% | +175% | −5.8% | yes |
| 73 | Salt Lake City-Murray, UT | +0.2% | +23% | +190% | −6.8% | yes |
| 74 | Houston-Pasadena-The Woodlands, TX | +0.2% | +22% | +109% | −1.4% | yes |
| 75 | Des Moines-West Des Moines, IA | 0.0% | +27% | +102% | −0.5% | yes |
| 76 | Charlotte-Concord-Gastonia, NC-SC | −0.1% | +40% | +186% | none | yes |
| 77 | Los Angeles-Long Beach-Glendale, CA† | −0.1% | +19% | +161% | −4.5% | yes |
| 78 | Dallas-Plano-Irving, TX† | −0.1% | +26% | +163% | −2.5% | yes |
| 79 | Oxnard-Thousand Oaks-Ventura, CA | −0.2% | +20% | +139% | −3.1% | yes |
| 80 | Nashville-Davidson--Murfreesboro--Franklin, TN | −0.2% | +34% | +195% | −2.7% | yes |
| 81 | Miami-Miami Beach-Kendall, FL† | −0.3% | +58% | +237% | none | yes |
| 82 | Sacramento-Roseville-Folsom, CA | −0.3% | +11% | +176% | −8.6% | not yet |
| 83 | Jacksonville, FL | −0.4% | +34% | +187% | −1.3% | yes |
| 84 | Austin-Round Rock-San Marcos, TX | −0.4% | +1% | +154% | −12.2% | not yet |
| 85 | New Orleans-Metairie, LA | −0.5% | +9% | +74% | −3.7% | not yet |
| 86 | Fort Lauderdale-Pompano Beach-Sunrise, FL† | −0.5% | +39% | +205% | −1.1% | yes |
| 87 | Memphis, TN-MS-AR | −0.7% | +21% | +112% | −0.6% | yes |
| 88 | Portland-Vancouver-Hillsboro, OR-WA | −0.8% | +13% | +148% | −5.3% | not yet |
| 89 | Riverside-San Bernardino-Ontario, CA | −0.8% | +24% | +208% | −4.8% | yes |
| 90 | Colorado Springs, CO | −0.9% | +15% | +148% | −4.6% | not yet |
| 91 | Denver-Aurora-Centennial, CO | −1.1% | +12% | +166% | −5.4% | not yet |
| 92 | Washington, DC-MD† | −1.1% | +7% | +82% | −3.2% | yes |
| 93 | Albuquerque, NM | −1.7% | +34% | +107% | none | yes |
| 94 | San Jose-Sunnyvale-Santa Clara, CA | −2.0% | +11% | +151% | −9.0% | not yet |
| 95 | San Francisco-San Mateo-Redwood City, CA† | −2.3% | +5% | +135% | −16.0% | not yet |
| 96 | Tucson, AZ | −2.4% | +23% | +148% | −0.1% | yes |
| 97 | Seattle-Bellevue-Kent, WA† | −2.5% | +13% | +176% | −8.5% | not yet |
| 98 | Bakersfield-Delano, CA | −2.5% | +26% | +150% | −2.9% | yes |
| 99 | San Antonio-New Braunfels, TX | −3.0% | +17% | +113% | −2.6% | not yet |
| 100 | Everett, WA† | −3.9% | +18% | +229% | −6.6% | yes |
† A metropolitan division, part of a larger metro area. Past year, five years and since 2012 compare Q2 2026 with the same quarter of each earlier year. The dip runs from each metro’s highest 2022 quarter to its lowest quarter after that through 2023, seasonally adjusted.
mortgage rates
Mortgage rates since 2012
The average 30-year fixed rate from Freddie Mac’s weekly survey, averaged by year.
| Year | Average 30-year fixed rate | Weekly readings |
|---|---|---|
| 2012 | 3.66% | 52 |
| 2013 | 3.98% | 52 |
| 2014 | 4.17% | 53 |
| 2015 | 3.85% | 52 |
| 2016 | 3.65% | 52 |
| 2017 | 3.99% | 52 |
| 2018 | 4.54% | 52 |
| 2019 | 3.94% | 52 |
| 2020 | 3.11% | 53 |
| 2021 | 2.96% | 52 |
| 2022 | 5.34% | 52 |
| 2023 | 6.81% | 52 |
| 2024 | 6.72% | 52 |
| 2025 | 6.60% | 53 |
| 2026 (to October 15, 2026) | 6.48% | 41 |
reading it right
Reading it right
- The same houses, sold againThis is a repeat-sales index: it measures how the prices of the same single-family houses changed between sales, so it isn’t pushed around by which homes happened to sell.
- Conforming loans onlyIt’s built from purchases with conforming, conventional mortgages bought or securitized by Fannie Mae or Freddie Mac. Cash and jumbo-loan purchases aren’t in it, and in high-price areas like the Bay Area many are, so it can differ from MLS sale prices.
- An index, not a priceThe numbers show change over time, not what a home costs.
- Metro areas, not citiesA metro area spans many cities, and neighborhoods within it can move very differently.
- Not a forecastIt describes past sales, not where prices go next or any one home’s value.
sources
Where the numbers come from
Downloaded October 20, 2026.
- FHFA House Price Index datasets: purchase-only index, 100 metro areas (quarterly)File hpi_po_metro, data through Q2 2026.www.fhfa.gov/data/hpi/datasets
- FHFA House Price Index FAQMethod, coverage and the 100 most populous metro areas.www.fhfa.gov/faqs/hpi
- Freddie Mac Primary Mortgage Market Survey®Weekly 30-year fixed rate, used with attribution.www.freddiemac.com/pmms
questions
Questions we hear
Are home prices going down in the U.S.?
Not across the board. In the year to Q2 2026 the median change across the 100 largest metro areas was +2.0%, and 26 of them were lower than a year earlier.
Which metro areas rose the most?
Over the past year: Elgin, IL (+7.5%), Allentown-Bethlehem-Easton, PA-NJ (+6.9%), Bridgeport-Stamford-Danbury, CT (+6.5%), Charleston-North Charleston, SC (+6.4%) and El Paso, TX (+6.2%).
How does the Bay Area compare?
San Jose-Sunnyvale-Santa Clara, CA ranked 94 of 100 for the past year (−2.0%), San Francisco-San Mateo-Redwood City, CA ranked 95 of 100 for the past year (−2.3%) and Oakland-Fremont-Berkeley, CA ranked 68 of 100 for the past year (+0.5%). All three are still below their 2022 highs on this index.
Why can this differ from your Silicon Valley numbers?
This index only includes homes bought with conforming loans from Fannie Mae or Freddie Mac. Our Silicon Valley pages use all MLS sales, including cash and jumbo-loan purchases, which are common here.
How often is it updated?
The federal index is released quarterly; we’ll refresh this page when the next quarter comes out.
more to learn
Keep going
- Silicon Valley home price historyEvery Bay Area city’s median price since 2012, from MLS sales.
- Property Nerds® IndexThis week’s reading of Silicon Valley market heat.
- Mortgage LabWhat a rate change does to your payment.
- Relocation LabMoving to or from the Bay Area, step by step.
- Mid-century modern across the U.S.Modern neighborhoods and house types worth knowing, coast to coast.
- Property Nerds® Data LibraryEvery dataset behind our pages, with CSVs.
Sources: FHFA House Price Index (purchase-only, quarterly, for the 100 most populous metro areas and metropolitan divisions; data through Q2 2026) and Freddie Mac Primary Mortgage Market Survey® (weekly 30-year fixed rate through October 15, 2026). Calculations by the Boyenga Team. Not a forecast or the value of any home. The Boyenga Team represents buyers and sellers in Santa Clara County, bay-side San Mateo County and San Francisco.
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