Midland, MI
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1986 Q2 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 +3.5%
nominal +3.5%
Five years
Five years real +31.2%
nominal +51.9%
Ten years
Ten years real +50.3%
nominal +96.4%
Twenty-five years
Twenty-five years real +17.5%
nominal +108.2%
Since 2000
Since 2000 real +20.6%
nominal +119.7%
2007 to 2012
crash, real −18.2%
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 | 280.2 | 280.2 | real year on year +2.4% |
| 2025 Q4 | 273.6 | 273.6 | real year on year +6.2% |
| 2024 Q4 | 257.6 | 257.6 | real year on year +3.7% |
| 2023 Q4 | 241.3 | 248.5 | real year on year +4.0% |
| 2022 Q4 | 222.9 | 238.9 | real year on year +2.7% |
| 2021 Q4 | 201.0 | 232.7 | real year on year +10.7% |
| 2020 Q4 | 173.5 | 210.3 | real year on year +4.1% |
| 2019 Q4 | 164.7 | 202.1 | real year on year +3.8% |
| 2018 Q4 | 155.8 | 194.6 | real year on year +0.2% |
| 2017 Q4 | 151.7 | 194.1 | real year on year +3.8% |
| 2016 Q4 | 143.1 | 187.0 | real year on year −0.6% |
| 2015 Q4 | 142.2 | 188.2 | real year on year +2.1% |
| 2014 Q4 | 139.1 | 184.3 | real year on year +2.3% |
| 2013 Q4 | 133.8 | 180.2 | real year on year −5.4% |
| 2012 Q4 | 139.4 | 190.4 | real year on year −1.2% |
| 2011 Q4 | 138.2 | 192.8 | real year on year −5.3% |
| 2010 Q4 | 141.5 | 203.5 | real year on year −0.1% |
| 2009 Q4 | 139.3 | 203.7 | real year on year −2.8% |
| 2008 Q4 | 143.8 | 209.4 | real year on year −7.4% |
| 2007 Q4 | 149.4 | 226.1 | real year on year −4.3% |
| 2006 Q4 | 151.8 | 236.2 | real year on year −4.3% |
| 2005 Q4 | 153.7 | 246.8 | real year on year −2.5% |
| 2004 Q4 | 152.3 | 253.0 | real year on year +0.3% |
| 2003 Q4 | 147.9 | 252.2 | real year on year +1.7% |
| 2002 Q4 | 142.2 | 248.1 | real year on year +2.2% |
| 2001 Q4 | 136.9 | 242.6 | real year on year +1.1% |
| 2000 Q4 | 131.7 | 239.9 | real year on year +3.2% |
| 1999 Q4 | 123.4 | 232.4 | real year on year +2.8% |
| 1998 Q4 | 117.5 | 226.2 | real year on year +3.4% |
| 1997 Q4 | 111.9 | 218.7 | real year on year +1.5% |
| 1996 Q4 | 107.8 | 215.5 | real year on year +0.8% |
| 1995 Q4 | 103.8 | 213.7 | real year on year +2.1% |
| 1994 Q4 | 99.0 | 209.4 | real year on year +1.6% |
| 1993 Q4 | 94.9 | 206.1 | real year on year −0.9% |
| 1992 Q4 | 93.0 | 207.8 | real year on year +0.4% |
| 1991 Q4 | 89.8 | 206.9 | real year on year −0.8% |
| 1990 Q4 | 86.9 | 208.6 | real year on year −0.7% |
| 1989 Q4 | 83.1 | 210.2 | real year on year +1.7% |
| 1988 Q4 | 78.0 | 206.8 | real year on year −1.7% |
| 1987 Q4 | 76.2 | 210.3 | real year on year +5.3% |
| 1986 Q4 | 69.8 | 199.7 | — |
2026 Q2280 · real 280real year on year +2.4%
2025 Q4274 · real 274real year on year +6.2%
2024 Q4258 · real 258real year on year +3.7%
2023 Q4241 · real 248real year on year +4.0%
2022 Q4223 · real 239real year on year +2.7%
2021 Q4201 · real 233real year on year +10.7%
2020 Q4174 · real 210real year on year +4.1%
2019 Q4165 · real 202real year on year +3.8%
2018 Q4156 · real 195real year on year +0.2%
2017 Q4152 · real 194real year on year +3.8%
2016 Q4143 · real 187real year on year −0.6%
2015 Q4142 · real 188real year on year +2.1%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 33220. Real terms by the World Bank's US consumer price index, annual.