Cleveland, TN
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1991 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 +5.3%
nominal +5.3%
Five years
Five years real +33.9%
nominal +55.1%
Ten years
Ten years real +66.4%
nominal +117.5%
Twenty-five years
Twenty-five years real +65.3%
nominal +192.8%
Since 2000
Since 2000 real +72.8%
nominal +214.7%
2007 to 2012
crash, real −15.9%
2007Q2 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 398.4 | 398.4 | real year on year +1.6% |
| 2025 Q4 | 392.2 | 392.2 | real year on year +4.0% |
| 2024 Q4 | 377.3 | 377.3 | real year on year +2.5% |
| 2023 Q4 | 357.4 | 367.9 | real year on year +5.7% |
| 2022 Q4 | 324.9 | 348.2 | real year on year +4.8% |
| 2021 Q4 | 287.0 | 332.3 | real year on year +15.9% |
| 2020 Q4 | 236.5 | 286.6 | real year on year +7.2% |
| 2019 Q4 | 218.0 | 267.5 | real year on year +3.1% |
| 2018 Q4 | 207.8 | 259.5 | real year on year +2.9% |
| 2017 Q4 | 197.1 | 252.3 | real year on year +3.8% |
| 2016 Q4 | 186.0 | 243.1 | real year on year +2.3% |
| 2015 Q4 | 179.6 | 237.7 | real year on year +2.7% |
| 2014 Q4 | 174.8 | 231.6 | real year on year +0.4% |
| 2013 Q4 | 171.3 | 230.7 | real year on year −1.9% |
| 2012 Q4 | 172.2 | 235.3 | real year on year −1.5% |
| 2011 Q4 | 171.2 | 238.7 | real year on year −4.2% |
| 2010 Q4 | 173.2 | 249.2 | real year on year −3.0% |
| 2009 Q4 | 175.7 | 257.0 | real year on year −1.1% |
| 2008 Q4 | 178.4 | 259.9 | real year on year −4.8% |
| 2007 Q4 | 180.4 | 273.0 | real year on year −1.9% |
| 2006 Q4 | 178.8 | 278.2 | real year on year +4.3% |
| 2005 Q4 | 166.0 | 266.7 | real year on year +4.1% |
| 2004 Q4 | 154.3 | 256.2 | real year on year +1.5% |
| 2003 Q4 | 148.0 | 252.4 | real year on year −0.2% |
| 2002 Q4 | 145.0 | 252.9 | real year on year +2.8% |
| 2001 Q4 | 138.8 | 246.0 | real year on year +3.8% |
| 2000 Q4 | 130.1 | 236.9 | real year on year +3.6% |
| 1999 Q4 | 121.4 | 228.7 | real year on year −3.4% |
| 1998 Q4 | 123.0 | 236.8 | real year on year +4.9% |
| 1997 Q4 | 115.5 | 225.7 | real year on year +1.6% |
| 1996 Q4 | 111.0 | 222.1 | real year on year +3.4% |
| 1995 Q4 | 104.3 | 214.7 | real year on year +3.9% |
| 1994 Q4 | 97.6 | 206.6 | real year on year +3.3% |
| 1993 Q4 | 92.1 | 200.0 | real year on year +0.0% |
| 1992 Q4 | 89.5 | 200.0 | real year on year +1.5% |
| 1991 Q4 | 85.5 | 197.0 | — |
2026 Q2398 · real 398real year on year +1.6%
2025 Q4392 · real 392real year on year +4.0%
2024 Q4377 · real 377real year on year +2.5%
2023 Q4357 · real 368real year on year +5.7%
2022 Q4325 · real 348real year on year +4.8%
2021 Q4287 · real 332real year on year +15.9%
2020 Q4237 · real 287real year on year +7.2%
2019 Q4218 · real 268real year on year +3.1%
2018 Q4208 · real 260real year on year +2.9%
2017 Q4197 · real 252real year on year +3.8%
2016 Q4186 · real 243real year on year +2.3%
2015 Q4180 · real 238real year on year +2.7%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 17420. Real terms by the World Bank's US consumer price index, annual.