Flagstaff, AZ
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1986 Q3 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is flagstaff on the rankings
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 +2.9%
nominal +2.9%
Five years
Five years real +26.7%
nominal +46.7%
Ten years
Ten years real +66.8%
nominal +118.0%
Twenty-five years
Twenty-five years real +115.4%
nominal +281.7%
Since 2000
Since 2000 real +121.4%
nominal +303.2%
2007 to 2012
crash, real −40.3%
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 | 494.1 | 494.1 | real year on year −0.1% |
| 2025 Q4 | 494.8 | 494.8 | real year on year +5.1% |
| 2024 Q4 | 471.0 | 471.0 | real year on year +2.0% |
| 2023 Q4 | 448.5 | 461.7 | real year on year +0.5% |
| 2022 Q4 | 428.7 | 459.5 | real year on year +2.5% |
| 2021 Q4 | 387.3 | 448.4 | real year on year +22.1% |
| 2020 Q4 | 303.0 | 367.3 | real year on year +7.6% |
| 2019 Q4 | 278.3 | 341.4 | real year on year +3.1% |
| 2018 Q4 | 265.2 | 331.3 | real year on year +3.6% |
| 2017 Q4 | 249.9 | 319.9 | real year on year +5.7% |
| 2016 Q4 | 231.6 | 302.7 | real year on year +4.8% |
| 2015 Q4 | 218.3 | 288.9 | real year on year +5.9% |
| 2014 Q4 | 205.9 | 272.8 | real year on year +7.3% |
| 2013 Q4 | 188.8 | 254.2 | real year on year +2.9% |
| 2012 Q4 | 180.8 | 246.9 | real year on year +1.1% |
| 2011 Q4 | 175.1 | 244.2 | real year on year −12.1% |
| 2010 Q4 | 193.1 | 277.8 | real year on year −9.5% |
| 2009 Q4 | 210.0 | 307.0 | real year on year −12.0% |
| 2008 Q4 | 239.4 | 348.9 | real year on year −9.9% |
| 2007 Q4 | 255.9 | 387.2 | real year on year −4.2% |
| 2006 Q4 | 259.9 | 404.4 | real year on year +8.5% |
| 2005 Q4 | 232.0 | 372.7 | real year on year +25.0% |
| 2004 Q4 | 179.5 | 298.1 | real year on year +12.5% |
| 2003 Q4 | 155.4 | 265.1 | real year on year +7.3% |
| 2002 Q4 | 141.6 | 247.0 | real year on year +5.0% |
| 2001 Q4 | 132.7 | 235.1 | real year on year +3.0% |
| 2000 Q4 | 125.4 | 228.4 | real year on year +2.3% |
| 1999 Q4 | 118.6 | 223.3 | real year on year −2.0% |
| 1998 Q4 | 118.4 | 227.9 | real year on year +2.6% |
| 1997 Q4 | 113.6 | 222.1 | real year on year +0.9% |
| 1996 Q4 | 110.0 | 220.0 | real year on year +0.5% |
| 1995 Q4 | 106.4 | 219.0 | real year on year +8.2% |
| 1994 Q4 | 95.6 | 202.3 | real year on year +7.9% |
| 1993 Q4 | 86.3 | 187.5 | real year on year +2.3% |
| 1992 Q4 | 82.0 | 183.3 | real year on year +1.1% |
| 1991 Q4 | 78.7 | 181.3 | real year on year +2.3% |
| 1990 Q4 | 73.8 | 177.2 | real year on year +0.4% |
| 1989 Q4 | 69.8 | 176.6 | real year on year −4.2% |
| 1988 Q4 | 69.5 | 184.3 | real year on year −5.2% |
| 1987 Q4 | 70.5 | 194.6 | real year on year +5.7% |
| 1986 Q4 | 64.3 | 184.1 | — |
2026 Q2494 · real 494real year on year −0.1%
2025 Q4495 · real 495real year on year +5.1%
2024 Q4471 · real 471real year on year +2.0%
2023 Q4448 · real 462real year on year +0.5%
2022 Q4429 · real 459real year on year +2.5%
2021 Q4387 · real 448real year on year +22.1%
2020 Q4303 · real 367real year on year +7.6%
2019 Q4278 · real 341real year on year +3.1%
2018 Q4265 · real 331real year on year +3.6%
2017 Q4250 · real 320real year on year +5.7%
2016 Q4232 · real 303real year on year +4.8%
2015 Q4218 · real 289real year on year +5.9%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 22380. Real terms by the World Bank's US consumer price index, annual.