State College, PA
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1989 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is state college 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. 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 +3.2%
nominal +3.2%
Five years
Five years real +18.8%
nominal +37.5%
Ten years
Ten years real +29.9%
nominal +69.8%
Twenty-five years
Twenty-five years real +58.9%
nominal +181.5%
Since 2000
Since 2000 real +64.0%
nominal +198.7%
2007 to 2012
crash, real −7.9%
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 | 352.4 | 352.4 | real year on year +4.0% |
| 2025 Q4 | 338.8 | 338.8 | real year on year +2.6% |
| 2024 Q4 | 330.2 | 330.2 | real year on year +1.7% |
| 2023 Q4 | 315.5 | 324.8 | real year on year +2.2% |
| 2022 Q4 | 296.3 | 317.6 | real year on year −0.1% |
| 2021 Q4 | 274.8 | 318.1 | real year on year +6.6% |
| 2020 Q4 | 246.2 | 298.4 | real year on year +2.3% |
| 2019 Q4 | 237.8 | 291.8 | real year on year +4.4% |
| 2018 Q4 | 223.7 | 279.4 | real year on year +2.1% |
| 2017 Q4 | 213.9 | 273.8 | real year on year −1.0% |
| 2016 Q4 | 211.6 | 276.6 | real year on year +3.5% |
| 2015 Q4 | 201.9 | 267.3 | real year on year +4.2% |
| 2014 Q4 | 193.6 | 256.5 | real year on year +1.5% |
| 2013 Q4 | 187.7 | 252.7 | real year on year −1.7% |
| 2012 Q4 | 188.2 | 257.1 | real year on year −0.5% |
| 2011 Q4 | 185.3 | 258.5 | real year on year −3.8% |
| 2010 Q4 | 186.7 | 268.6 | real year on year −0.7% |
| 2009 Q4 | 185.0 | 270.5 | real year on year −0.5% |
| 2008 Q4 | 186.6 | 271.8 | real year on year −1.1% |
| 2007 Q4 | 181.6 | 274.7 | real year on year +2.2% |
| 2006 Q4 | 172.8 | 268.9 | real year on year +1.0% |
| 2005 Q4 | 165.7 | 266.2 | real year on year +5.4% |
| 2004 Q4 | 152.1 | 252.7 | real year on year +5.0% |
| 2003 Q4 | 141.1 | 240.7 | real year on year +3.3% |
| 2002 Q4 | 133.7 | 233.1 | real year on year +2.7% |
| 2001 Q4 | 128.2 | 227.1 | real year on year +3.1% |
| 2000 Q4 | 120.9 | 220.2 | real year on year +1.1% |
| 1999 Q4 | 115.7 | 217.8 | real year on year −0.5% |
| 1998 Q4 | 113.7 | 218.8 | real year on year +0.9% |
| 1997 Q4 | 111.0 | 216.8 | real year on year +2.4% |
| 1996 Q4 | 105.9 | 211.8 | real year on year −0.7% |
| 1995 Q4 | 103.7 | 213.4 | real year on year +0.5% |
| 1994 Q4 | 100.3 | 212.3 | real year on year −0.9% |
| 1993 Q4 | 98.7 | 214.3 | real year on year +0.9% |
| 1992 Q4 | 95.0 | 212.4 | real year on year −0.6% |
| 1991 Q4 | 92.8 | 213.7 | real year on year +6.1% |
| 1990 Q4 | 83.9 | 201.4 | real year on year −6.6% |
| 1989 Q4 | 85.2 | 215.6 | — |
2026 Q2352 · real 352real year on year +4.0%
2025 Q4339 · real 339real year on year +2.6%
2024 Q4330 · real 330real year on year +1.7%
2023 Q4315 · real 325real year on year +2.2%
2022 Q4296 · real 318real year on year −0.1%
2021 Q4275 · real 318real year on year +6.6%
2020 Q4246 · real 298real year on year +2.3%
2019 Q4238 · real 292real year on year +4.4%
2018 Q4224 · real 279real year on year +2.1%
2017 Q4214 · real 274real year on year −1.0%
2016 Q4212 · real 277real year on year +3.5%
2015 Q4202 · real 267real year on year +4.2%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 44300. Real terms by the World Bank's US consumer price index, annual.