Niles, MI
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1980 Q3 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 +7.6%
nominal +7.6%
Five years
Five years real +30.5%
nominal +51.1%
Ten years
Ten years real +55.0%
nominal +102.6%
Twenty-five years
Twenty-five years real +46.5%
nominal +159.5%
Since 2000
Since 2000 real +52.5%
nominal +177.9%
2007 to 2012
crash, real −23.6%
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 | 359.1 | 359.1 | real year on year +2.6% |
| 2025 Q4 | 349.9 | 349.9 | real year on year +5.8% |
| 2024 Q4 | 330.9 | 330.9 | real year on year +7.0% |
| 2023 Q4 | 300.4 | 309.2 | real year on year +1.8% |
| 2022 Q4 | 283.5 | 303.9 | real year on year +2.2% |
| 2021 Q4 | 256.9 | 297.4 | real year on year +10.3% |
| 2020 Q4 | 222.6 | 269.8 | real year on year +6.5% |
| 2019 Q4 | 206.3 | 253.2 | real year on year +3.8% |
| 2018 Q4 | 195.3 | 243.9 | real year on year +1.0% |
| 2017 Q4 | 188.8 | 241.6 | real year on year +2.7% |
| 2016 Q4 | 180.0 | 235.3 | real year on year +3.2% |
| 2015 Q4 | 172.3 | 228.0 | real year on year +2.9% |
| 2014 Q4 | 167.1 | 221.5 | real year on year +3.9% |
| 2013 Q4 | 158.3 | 213.1 | real year on year −2.3% |
| 2012 Q4 | 159.7 | 218.2 | real year on year −2.5% |
| 2011 Q4 | 160.4 | 223.7 | real year on year −6.9% |
| 2010 Q4 | 167.1 | 240.3 | real year on year −3.4% |
| 2009 Q4 | 170.1 | 248.7 | real year on year −3.6% |
| 2008 Q4 | 177.1 | 258.0 | real year on year −7.8% |
| 2007 Q4 | 184.9 | 279.7 | real year on year −0.8% |
| 2006 Q4 | 181.2 | 282.0 | real year on year −2.5% |
| 2005 Q4 | 180.0 | 289.1 | real year on year +6.1% |
| 2004 Q4 | 164.1 | 272.6 | real year on year +2.0% |
| 2003 Q4 | 156.7 | 267.3 | real year on year +1.8% |
| 2002 Q4 | 150.6 | 262.6 | real year on year +3.1% |
| 2001 Q4 | 143.8 | 254.8 | real year on year +3.0% |
| 2000 Q4 | 135.8 | 247.4 | real year on year +5.7% |
| 1999 Q4 | 124.3 | 234.2 | real year on year −0.5% |
| 1998 Q4 | 122.3 | 235.4 | real year on year +3.8% |
| 1997 Q4 | 116.1 | 226.9 | real year on year +3.1% |
| 1996 Q4 | 110.0 | 220.0 | real year on year +1.4% |
| 1995 Q4 | 105.4 | 217.0 | real year on year +5.1% |
| 1994 Q4 | 97.5 | 206.4 | real year on year +3.9% |
| 1993 Q4 | 91.5 | 198.8 | real year on year +1.1% |
| 1992 Q4 | 87.9 | 196.6 | real year on year +1.1% |
| 1991 Q4 | 84.4 | 194.5 | real year on year −2.2% |
| 1990 Q4 | 82.8 | 198.9 | real year on year +0.9% |
| 1989 Q4 | 77.9 | 197.1 | real year on year +1.3% |
| 1988 Q4 | 73.3 | 194.5 | real year on year +6.3% |
| 1987 Q4 | 66.3 | 183.0 | real year on year +7.0% |
| 1986 Q4 | 59.8 | 171.0 | real year on year +9.2% |
| 1985 Q4 | 53.7 | 156.7 | real year on year −4.8% |
| 1984 Q4 | 54.5 | 164.5 | real year on year +29.2% |
| 1982 Q4 | 39.2 | 127.4 | — |
2026 Q2359 · real 359real year on year +2.6%
2025 Q4350 · real 350real year on year +5.8%
2024 Q4331 · real 331real year on year +7.0%
2023 Q4300 · real 309real year on year +1.8%
2022 Q4284 · real 304real year on year +2.2%
2021 Q4257 · real 297real year on year +10.3%
2020 Q4223 · real 270real year on year +6.5%
2019 Q4206 · real 253real year on year +3.8%
2018 Q4195 · real 244real year on year +1.0%
2017 Q4189 · real 242real year on year +2.7%
2016 Q4180 · real 235real year on year +3.2%
2015 Q4172 · real 228real year on year +2.9%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 35660. Real terms by the World Bank's US consumer price index, annual.