Morristown, TN
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1993 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
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 +0.9%
nominal +0.9%
Five years
Five years real +37.5%
nominal +59.2%
Ten years
Ten years real +76.2%
nominal +130.3%
Twenty-five years
Twenty-five years real +70.0%
nominal +201.2%
Since 2000
Since 2000 real +75.5%
nominal +219.8%
2007 to 2012
crash, real −18.9%
2007Q4 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 | 400.3 | 400.3 | real year on year +1.5% |
| 2025 Q4 | 394.3 | 394.3 | real year on year +5.8% |
| 2024 Q4 | 372.8 | 372.8 | real year on year +2.8% |
| 2023 Q4 | 352.2 | 362.6 | real year on year +2.2% |
| 2022 Q4 | 330.9 | 354.7 | real year on year +9.5% |
| 2021 Q4 | 279.8 | 323.9 | real year on year +15.3% |
| 2020 Q4 | 231.8 | 280.9 | real year on year +7.3% |
| 2019 Q4 | 213.4 | 261.9 | real year on year +8.7% |
| 2018 Q4 | 192.9 | 241.0 | real year on year +1.7% |
| 2017 Q4 | 185.2 | 237.1 | real year on year +4.6% |
| 2016 Q4 | 173.3 | 226.6 | real year on year −0.6% |
| 2015 Q4 | 172.3 | 228.1 | real year on year +3.5% |
| 2014 Q4 | 166.4 | 220.4 | real year on year +1.0% |
| 2013 Q4 | 162.1 | 218.2 | real year on year −3.7% |
| 2012 Q4 | 165.9 | 226.7 | real year on year −2.2% |
| 2011 Q4 | 166.2 | 231.7 | real year on year −4.3% |
| 2010 Q4 | 168.3 | 242.1 | real year on year −4.2% |
| 2009 Q4 | 172.8 | 252.7 | real year on year −3.3% |
| 2008 Q4 | 179.4 | 261.4 | real year on year −5.3% |
| 2007 Q4 | 182.4 | 275.9 | real year on year +0.9% |
| 2006 Q4 | 175.7 | 273.4 | real year on year +3.2% |
| 2005 Q4 | 164.9 | 264.9 | real year on year +7.1% |
| 2004 Q4 | 149.0 | 247.4 | real year on year +2.3% |
| 2003 Q4 | 141.8 | 241.8 | real year on year +0.4% |
| 2002 Q4 | 138.1 | 240.8 | real year on year +0.3% |
| 2001 Q4 | 135.5 | 240.0 | real year on year +2.3% |
| 2000 Q4 | 128.9 | 234.7 | real year on year +0.5% |
| 1999 Q4 | 124.0 | 233.6 | real year on year +0.5% |
| 1998 Q4 | 120.7 | 232.3 | real year on year +4.8% |
| 1997 Q4 | 113.5 | 221.7 | real year on year +3.4% |
| 1996 Q4 | 107.3 | 214.5 | real year on year +2.5% |
| 1995 Q4 | 101.7 | 209.3 | real year on year +2.8% |
| 1994 Q4 | 96.2 | 203.6 | real year on year +3.1% |
| 1993 Q4 | 90.9 | 197.4 | — |
2026 Q2400 · real 400real year on year +1.5%
2025 Q4394 · real 394real year on year +5.8%
2024 Q4373 · real 373real year on year +2.8%
2023 Q4352 · real 363real year on year +2.2%
2022 Q4331 · real 355real year on year +9.5%
2021 Q4280 · real 324real year on year +15.3%
2020 Q4232 · real 281real year on year +7.3%
2019 Q4213 · real 262real year on year +8.7%
2018 Q4193 · real 241real year on year +1.7%
2017 Q4185 · real 237real year on year +4.6%
2016 Q4173 · real 227real year on year −0.6%
2015 Q4172 · real 228real year on year +3.5%
Show all 34 years
2014 Q4166 · real 220real year on year +1.0%
2013 Q4162 · real 218real year on year −3.7%
2012 Q4166 · real 227real year on year −2.2%
2011 Q4166 · real 232real year on year −4.3%
2010 Q4168 · real 242real year on year −4.2%
2009 Q4173 · real 253real year on year −3.3%
2008 Q4179 · real 261real year on year −5.3%
2007 Q4182 · real 276real year on year +0.9%
2006 Q4176 · real 273real year on year +3.2%
2005 Q4165 · real 265real year on year +7.1%
2004 Q4149 · real 247real year on year +2.3%
2003 Q4142 · real 242real year on year +0.4%
2002 Q4138 · real 241real year on year +0.3%
2001 Q4135 · real 240real year on year +2.3%
2000 Q4129 · real 235real year on year +0.5%
1999 Q4124 · real 234real year on year +0.5%
1998 Q4121 · real 232real year on year +4.8%
1997 Q4113 · real 222real year on year +3.4%
1996 Q4107 · real 214real year on year +2.5%
1995 Q4102 · real 209real year on year +2.8%
1994 Q496 · real 204real year on year +3.1%
1993 Q491 · real 197—
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 34100. Real terms by the World Bank's US consumer price index, annual.