Media Release
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Source: Federal Housing Finance Agency media release | 27 April 2021

FHFA House Price Index Up 0.9 Percent in February; Up 12.2 Percent from Last Year

Washington, D.C. – House prices rose nationwide in February, up 0.9 percent from the
previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA
HPI®).

House prices rose 12.2 percent from February 2020 to February 2021. The previously
reported 1.0 percent price change for January 2021 remained unchanged.

For the nine census divisions, seasonally adjusted monthly house price changes from January 2021
to February 2021 ranged from +0.3 percent in the Middle Atlantic division to +1.6 percent in
the Mountain division. The 12-month changes ranged from +10.5 percent in the West North
Central division to +15.4 percent in the Mountain division.

“Annual house price growth achieved a new record high in February” said Dr. Lynn Fisher, FHFA’s
Deputy Director of the Division of Research and Statistics. “The 12.2 percent gain represents an
increase of $35,000 for a median-priced home that sold a year ago at $290,000 in the Enterprises’
data.”

The FHFA HPI is the nation’s only collection of public, freely available house price indexes that
measure changes in single-family home values based on data from all 50 states and over 400
American cities that extend back to the mid-1970s.

The FHFA HPI incorporates tens of millions of home sales and offers insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.

FHFA releases HPI data and reports on a quarterly and monthly basis. The flagship FHFA HPI
uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. Additional
indexes use other data including refinances, FHA mortgages, and real property records. All the
indexes, including their historic values, and information about future HPI release dates are
available on FHFA’s website: https://www.fhfa.gov/HPI.

FHFA will release its next HPI report on May 25, 2021 with data for the first quarter of 2021 and
monthly data through March 2021.

About FHFA

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.9 trillion in funding for the U.S. mortgage markets and financial institutions

Source: FHFA Media Release