Portland-Vancouver-Hillsboro, OR-WA
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is portland 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. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real −0.8%
nominal -0.8%
Five years
Five years real −2.5%
nominal +12.8%
Ten years
Ten years real +26.5%
nominal +65.4%
Twenty-five years
Twenty-five years real +91.6%
nominal +239.5%
Since 2000
Since 2000 real +96.2%
nominal +257.4%
2007 to 2012
crash, real −35.2%
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 | 647.6 | 647.6 | real year on year +3.4% |
| 2025 Q4 | 626.1 | 626.1 | real year on year +0.1% |
| 2024 Q4 | 625.4 | 625.4 | real year on year +0.3% |
| 2023 Q4 | 605.5 | 623.3 | real year on year −3.6% |
| 2022 Q4 | 603.3 | 646.6 | real year on year −6.0% |
| 2021 Q4 | 594.0 | 687.7 | real year on year +10.6% |
| 2020 Q4 | 513.1 | 621.9 | real year on year +9.2% |
| 2019 Q4 | 463.9 | 569.2 | real year on year +3.2% |
| 2018 Q4 | 441.6 | 551.6 | real year on year +1.6% |
| 2017 Q4 | 424.1 | 542.8 | real year on year +4.5% |
| 2016 Q4 | 397.5 | 519.5 | real year on year +9.8% |
| 2015 Q4 | 357.5 | 473.1 | real year on year +12.0% |
| 2014 Q4 | 318.9 | 422.5 | real year on year +5.8% |
| 2013 Q4 | 296.5 | 399.3 | real year on year +10.3% |
| 2012 Q4 | 265.1 | 362.1 | real year on year +3.8% |
| 2011 Q4 | 250.1 | 348.8 | real year on year −6.9% |
| 2010 Q4 | 260.3 | 374.5 | real year on year −9.7% |
| 2009 Q4 | 283.7 | 414.8 | real year on year −4.7% |
| 2008 Q4 | 298.8 | 435.3 | real year on year −13.1% |
| 2007 Q4 | 330.9 | 500.6 | real year on year −0.7% |
| 2006 Q4 | 323.9 | 504.0 | real year on year +6.4% |
| 2005 Q4 | 294.9 | 473.6 | real year on year +15.8% |
| 2004 Q4 | 246.2 | 408.9 | real year on year +9.1% |
| 2003 Q4 | 219.8 | 374.9 | real year on year +4.7% |
| 2002 Q4 | 205.2 | 357.9 | real year on year +4.2% |
| 2001 Q4 | 193.8 | 343.4 | real year on year +1.8% |
| 2000 Q4 | 185.2 | 337.4 | real year on year +0.1% |
| 1999 Q4 | 179.0 | 337.1 | real year on year +0.6% |
| 1998 Q4 | 174.1 | 335.0 | real year on year +1.9% |
| 1997 Q4 | 168.1 | 328.6 | real year on year +3.0% |
| 1996 Q4 | 159.5 | 319.0 | real year on year +5.2% |
| 1995 Q4 | 147.3 | 303.2 | real year on year +3.9% |
| 1994 Q4 | 137.9 | 291.8 | real year on year +7.0% |
| 1993 Q4 | 125.6 | 272.7 | real year on year +5.5% |
| 1992 Q4 | 115.7 | 258.6 | real year on year +6.0% |
| 1991 Q4 | 105.9 | 244.0 | — |
2026 Q2648 · real 648real year on year +3.4%
2025 Q4626 · real 626real year on year +0.1%
2024 Q4625 · real 625real year on year +0.3%
2023 Q4605 · real 623real year on year −3.6%
2022 Q4603 · real 647real year on year −6.0%
2021 Q4594 · real 688real year on year +10.6%
2020 Q4513 · real 622real year on year +9.2%
2019 Q4464 · real 569real year on year +3.2%
2018 Q4442 · real 552real year on year +1.6%
2017 Q4424 · real 543real year on year +4.5%
2016 Q4398 · real 520real year on year +9.8%
2015 Q4358 · real 473real year on year +12.0%
Show all 36 years
2014 Q4319 · real 423real year on year +5.8%
2013 Q4297 · real 399real year on year +10.3%
2012 Q4265 · real 362real year on year +3.8%
2011 Q4250 · real 349real year on year −6.9%
2010 Q4260 · real 374real year on year −9.7%
2009 Q4284 · real 415real year on year −4.7%
2008 Q4299 · real 435real year on year −13.1%
2007 Q4331 · real 501real year on year −0.7%
2006 Q4324 · real 504real year on year +6.4%
2005 Q4295 · real 474real year on year +15.8%
2004 Q4246 · real 409real year on year +9.1%
2003 Q4220 · real 375real year on year +4.7%
2002 Q4205 · real 358real year on year +4.2%
2001 Q4194 · real 343real year on year +1.8%
2000 Q4185 · real 337real year on year +0.1%
1999 Q4179 · real 337real year on year +0.6%
1998 Q4174 · real 335real year on year +1.9%
1997 Q4168 · real 329real year on year +3.0%
1996 Q4160 · real 319real year on year +5.2%
1995 Q4147 · real 303real year on year +3.9%
1994 Q4138 · real 292real year on year +7.0%
1993 Q4126 · real 273real year on year +5.5%
1992 Q4116 · real 259real year on year +6.0%
1991 Q4106 · real 244—
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 38900. Real terms by the World Bank's US consumer price index, annual.