Monroe, MI
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1980 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 +2.1%
nominal +2.1%
Five years
Five years real +17.6%
nominal +36.1%
Ten years
Ten years real +39.6%
nominal +82.4%
Twenty-five years
Twenty-five years real +2.0%
nominal +80.8%
Since 2000
Since 2000 real +8.3%
nominal +97.3%
2007 to 2012
crash, real −34.7%
2007Q1 to 2012Q3
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 274.7 | 274.7 | real year on year +0.4% |
| 2025 Q4 | 273.6 | 273.6 | real year on year +5.0% |
| 2024 Q4 | 260.6 | 260.6 | real year on year +4.0% |
| 2023 Q4 | 243.3 | 250.5 | real year on year +0.3% |
| 2022 Q4 | 232.9 | 249.7 | real year on year +0.3% |
| 2021 Q4 | 215.0 | 248.8 | real year on year +7.7% |
| 2020 Q4 | 190.6 | 231.0 | real year on year +5.8% |
| 2019 Q4 | 177.9 | 218.3 | real year on year +1.3% |
| 2018 Q4 | 172.5 | 215.4 | real year on year +4.5% |
| 2017 Q4 | 161.2 | 206.2 | real year on year +2.3% |
| 2016 Q4 | 154.3 | 201.6 | real year on year +4.7% |
| 2015 Q4 | 145.4 | 192.5 | real year on year +3.5% |
| 2014 Q4 | 140.4 | 186.0 | real year on year +5.4% |
| 2013 Q4 | 131.1 | 176.6 | real year on year +2.9% |
| 2012 Q4 | 125.6 | 171.7 | real year on year −2.0% |
| 2011 Q4 | 125.6 | 175.2 | real year on year −6.7% |
| 2010 Q4 | 130.5 | 187.8 | real year on year −2.6% |
| 2009 Q4 | 131.9 | 192.8 | real year on year −4.7% |
| 2008 Q4 | 138.9 | 202.3 | real year on year −16.2% |
| 2007 Q4 | 159.6 | 241.4 | real year on year −10.1% |
| 2006 Q4 | 172.6 | 268.6 | real year on year −7.0% |
| 2005 Q4 | 179.8 | 288.7 | real year on year −1.0% |
| 2004 Q4 | 175.7 | 291.7 | real year on year +3.0% |
| 2003 Q4 | 166.2 | 283.3 | real year on year +1.7% |
| 2002 Q4 | 159.7 | 278.5 | real year on year +1.5% |
| 2001 Q4 | 154.9 | 274.4 | real year on year +2.5% |
| 2000 Q4 | 147.0 | 267.8 | real year on year +2.8% |
| 1999 Q4 | 138.3 | 260.4 | real year on year +5.0% |
| 1998 Q4 | 128.9 | 248.1 | real year on year +4.0% |
| 1997 Q4 | 122.0 | 238.5 | real year on year +4.8% |
| 1996 Q4 | 113.8 | 227.5 | real year on year +5.1% |
| 1995 Q4 | 105.1 | 216.3 | real year on year +5.3% |
| 1994 Q4 | 97.1 | 205.5 | real year on year +3.9% |
| 1993 Q4 | 91.1 | 197.8 | real year on year +1.1% |
| 1992 Q4 | 87.5 | 195.6 | real year on year −0.0% |
| 1991 Q4 | 84.9 | 195.6 | real year on year +0.4% |
| 1990 Q4 | 81.2 | 194.8 | real year on year +1.2% |
| 1989 Q4 | 76.1 | 192.5 | real year on year +5.0% |
| 1988 Q4 | 69.1 | 183.3 | real year on year +2.5% |
| 1987 Q4 | 64.8 | 178.8 | real year on year +4.3% |
| 1986 Q4 | 59.9 | 171.5 | real year on year +2.1% |
| 1985 Q4 | 57.6 | 167.9 | real year on year +0.7% |
| 1984 Q4 | 55.3 | 166.9 | real year on year −2.6% |
| 1983 Q4 | 54.4 | 171.4 | real year on year +12.4% |
| 1982 Q4 | 46.9 | 152.5 | real year on year −27.1% |
| 1980 Q4 | 55.0 | 209.2 | — |
2026 Q2275 · real 275real year on year +0.4%
2025 Q4274 · real 274real year on year +5.0%
2024 Q4261 · real 261real year on year +4.0%
2023 Q4243 · real 251real year on year +0.3%
2022 Q4233 · real 250real year on year +0.3%
2021 Q4215 · real 249real year on year +7.7%
2020 Q4191 · real 231real year on year +5.8%
2019 Q4178 · real 218real year on year +1.3%
2018 Q4172 · real 215real year on year +4.5%
2017 Q4161 · real 206real year on year +2.3%
2016 Q4154 · real 202real year on year +4.7%
2015 Q4145 · real 193real year on year +3.5%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 33780. Real terms by the World Bank's US consumer price index, annual.