San Rafael, CA
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions, principal metropolitan division · 1976 Q3 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · FHFA publishes the largest metros only as their principal metropolitan division, so this is the core of the metro rather than the whole of it.
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 +3.9%
nominal +20.3%
Ten years
Ten years real +7.7%
nominal +40.7%
Twenty-five years
Twenty-five years real +32.0%
nominal +133.9%
Since 2000
Since 2000 real +52.5%
nominal +177.8%
2007 to 2012
crash, real −30.9%
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 | 415.7 | 415.7 | real year on year +3.6% |
| 2025 Q4 | 401.1 | 401.1 | real year on year −0.1% |
| 2024 Q4 | 401.6 | 401.6 | real year on year +2.1% |
| 2023 Q4 | 382.2 | 393.5 | real year on year −6.8% |
| 2022 Q4 | 393.8 | 422.1 | real year on year +1.7% |
| 2021 Q4 | 358.4 | 414.9 | real year on year +6.3% |
| 2020 Q4 | 321.9 | 390.2 | real year on year −1.3% |
| 2019 Q4 | 322.2 | 395.3 | real year on year −2.1% |
| 2018 Q4 | 323.4 | 403.9 | real year on year +1.6% |
| 2017 Q4 | 310.8 | 397.7 | real year on year +0.2% |
| 2016 Q4 | 303.8 | 397.1 | real year on year +5.2% |
| 2015 Q4 | 285.3 | 377.6 | real year on year +8.4% |
| 2014 Q4 | 262.8 | 348.2 | real year on year +6.4% |
| 2013 Q4 | 243.0 | 327.3 | real year on year +10.6% |
| 2012 Q4 | 216.5 | 295.8 | real year on year +2.8% |
| 2011 Q4 | 206.3 | 287.6 | real year on year −6.6% |
| 2010 Q4 | 214.0 | 307.9 | real year on year −3.6% |
| 2009 Q4 | 218.5 | 319.4 | real year on year −7.8% |
| 2008 Q4 | 237.7 | 346.3 | real year on year −12.5% |
| 2007 Q4 | 261.6 | 395.9 | real year on year −4.8% |
| 2006 Q4 | 267.3 | 415.9 | real year on year −5.6% |
| 2005 Q4 | 274.3 | 440.6 | real year on year +13.9% |
| 2004 Q4 | 232.8 | 386.7 | real year on year +11.2% |
| 2003 Q4 | 204.0 | 347.8 | real year on year +3.6% |
| 2002 Q4 | 192.5 | 335.6 | real year on year +5.6% |
| 2001 Q4 | 179.5 | 317.9 | real year on year +3.1% |
| 2000 Q4 | 169.3 | 308.3 | real year on year +17.3% |
| 1999 Q4 | 139.6 | 262.9 | real year on year +13.0% |
| 1998 Q4 | 120.9 | 232.7 | real year on year +8.1% |
| 1997 Q4 | 110.2 | 215.3 | real year on year +4.2% |
| 1996 Q4 | 103.3 | 206.6 | real year on year −1.3% |
| 1995 Q4 | 101.7 | 209.3 | real year on year −1.9% |
| 1994 Q4 | 100.8 | 213.4 | real year on year −3.6% |
| 1993 Q4 | 101.9 | 221.3 | real year on year −3.2% |
| 1992 Q4 | 102.3 | 228.7 | real year on year −2.8% |
| 1991 Q4 | 102.2 | 235.3 | real year on year −2.0% |
| 1990 Q4 | 100.0 | 240.1 | real year on year −4.6% |
| 1989 Q4 | 99.5 | 251.8 | real year on year +15.1% |
| 1988 Q4 | 82.5 | 218.7 | real year on year +18.9% |
| 1987 Q4 | 66.7 | 184.0 | real year on year +11.9% |
| 1986 Q4 | 57.5 | 164.5 | real year on year +5.7% |
| 1985 Q4 | 53.4 | 155.6 | real year on year +5.2% |
| 1984 Q4 | 49.0 | 147.9 | real year on year −6.0% |
| 1983 Q4 | 50.0 | 157.4 | real year on year +1.8% |
| 1982 Q4 | 47.6 | 154.6 | real year on year −14.5% |
| 1980 Q4 | 47.5 | 180.8 | real year on year −4.6% |
| 1979 Q4 | 43.8 | 189.4 | real year on year +19.1% |
| 1978 Q4 | 33.1 | 159.0 | real year on year +12.7% |
| 1977 Q4 | 27.3 | 141.1 | real year on year +14.8% |
| 1976 Q4 | 22.3 | 122.9 | — |
2026 Q2416 · real 416real year on year +3.6%
2025 Q4401 · real 401real year on year −0.1%
2024 Q4402 · real 402real year on year +2.1%
2023 Q4382 · real 393real year on year −6.8%
2022 Q4394 · real 422real year on year +1.7%
2021 Q4358 · real 415real year on year +6.3%
2020 Q4322 · real 390real year on year −1.3%
2019 Q4322 · real 395real year on year −2.1%
2018 Q4323 · real 404real year on year +1.6%
2017 Q4311 · real 398real year on year +0.2%
2016 Q4304 · real 397real year on year +5.2%
2015 Q4285 · real 378real year on year +8.4%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 42034. Real terms by the World Bank's US consumer price index, annual.