Ames, IA
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1986 Q4 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +5.6%
nominal +5.6%
Five years
Five years real +18.7%
nominal +37.4%
Ten years
Ten years real +29.7%
nominal +69.5%
Twenty-five years
Twenty-five years real +34.7%
nominal +138.7%
Since 2000
Since 2000 real +41.0%
nominal +156.9%
2007 to 2012
crash, real −11.7%
2007Q2 to 2012Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 324.8 | 324.8 | real year on year +2.5% |
| 2025 Q4 | 316.8 | 316.8 | real year on year +1.3% |
| 2024 Q4 | 312.8 | 312.8 | real year on year +6.4% |
| 2023 Q4 | 285.5 | 293.9 | real year on year +1.9% |
| 2022 Q4 | 269.2 | 288.6 | real year on year −0.6% |
| 2021 Q4 | 250.7 | 290.2 | real year on year +8.5% |
| 2020 Q4 | 220.7 | 267.5 | real year on year +1.3% |
| 2019 Q4 | 215.2 | 264.1 | real year on year +2.9% |
| 2018 Q4 | 205.3 | 256.5 | real year on year −0.5% |
| 2017 Q4 | 201.6 | 257.9 | real year on year +1.7% |
| 2016 Q4 | 194.0 | 253.6 | real year on year +3.0% |
| 2015 Q4 | 185.9 | 246.1 | real year on year +2.9% |
| 2014 Q4 | 180.4 | 239.1 | real year on year +0.9% |
| 2013 Q4 | 175.9 | 236.8 | real year on year +3.2% |
| 2012 Q4 | 168.0 | 229.5 | real year on year −1.1% |
| 2011 Q4 | 166.4 | 232.1 | real year on year −3.8% |
| 2010 Q4 | 167.7 | 241.3 | real year on year −1.5% |
| 2009 Q4 | 167.5 | 244.8 | real year on year +0.7% |
| 2008 Q4 | 166.8 | 243.0 | real year on year −4.7% |
| 2007 Q4 | 168.6 | 255.1 | real year on year −0.3% |
| 2006 Q4 | 164.4 | 255.8 | real year on year −1.9% |
| 2005 Q4 | 162.3 | 260.7 | real year on year +0.9% |
| 2004 Q4 | 155.6 | 258.4 | real year on year +0.3% |
| 2003 Q4 | 151.1 | 257.6 | real year on year +3.1% |
| 2002 Q4 | 143.3 | 250.0 | real year on year +1.6% |
| 2001 Q4 | 138.8 | 245.9 | real year on year +2.0% |
| 2000 Q4 | 132.3 | 241.1 | real year on year +1.9% |
| 1999 Q4 | 125.7 | 236.6 | real year on year +0.4% |
| 1998 Q4 | 122.5 | 235.8 | real year on year +3.6% |
| 1997 Q4 | 116.5 | 227.6 | real year on year +4.9% |
| 1996 Q4 | 108.4 | 216.9 | real year on year −0.5% |
| 1995 Q4 | 105.8 | 217.9 | real year on year +2.8% |
| 1994 Q4 | 100.2 | 212.0 | real year on year +3.8% |
| 1993 Q4 | 94.1 | 204.3 | real year on year +4.2% |
| 1992 Q4 | 87.7 | 196.0 | real year on year +0.6% |
| 1991 Q4 | 84.6 | 194.9 | real year on year +3.0% |
| 1990 Q4 | 78.8 | 189.2 | real year on year +0.4% |
| 1989 Q4 | 74.5 | 188.5 | real year on year −0.8% |
| 1988 Q4 | 71.6 | 190.0 | real year on year −0.8% |
| 1987 Q4 | 69.4 | 191.6 | real year on year −1.0% |
| 1986 Q4 | 67.6 | 193.5 | — |
2026 Q2325 · real 325real year on year +2.5%
2025 Q4317 · real 317real year on year +1.3%
2024 Q4313 · real 313real year on year +6.4%
2023 Q4286 · real 294real year on year +1.9%
2022 Q4269 · real 289real year on year −0.6%
2021 Q4251 · real 290real year on year +8.5%
2020 Q4221 · real 267real year on year +1.3%
2019 Q4215 · real 264real year on year +2.9%
2018 Q4205 · real 257real year on year −0.5%
2017 Q4202 · real 258real year on year +1.7%
2016 Q4194 · real 254real year on year +3.0%
2015 Q4186 · real 246real year on year +2.9%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 11180. Real terms by the World Bank's US consumer price index, annual.