U.S. house prices rose 0.2 percent in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 4.8 percent from January 2024 to January 2025. The previously reported 0.4 percent price growth in December was revised upward to 0.5 percent.
For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.8 percent in the South Atlantic division to +1.0 percent in the West North Central division. The 12-month changes were all positive, ranging from +2.4 percent in the West South Central division to +8.2 percent in the Middle Atlantic division.
Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in the attached report. Downloadable data and HPI release dates for all of 2025 are available here: https://www.fhfa.gov/HPI.