Tacoma-Lakewood, WA
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA purchase-only, principal metropolitan division · 1991 Q1 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. 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 +2.0%
nominal +2.0%
Five years
Five years real +3.4%
nominal +19.7%
Ten years
Ten years real +70.1%
nominal +122.4%
Twenty-five years
Twenty-five years real +119.7%
nominal +289.2%
Since 2000
Since 2000 real +133.8%
nominal +325.8%
2007 to 2012
crash, real −44.5%
2007Q3 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 | 607.7 | 607.7 | real year on year +3.3% |
| 2025 Q4 | 588.5 | 588.5 | real year on year +1.0% |
| 2024 Q4 | 582.5 | 582.5 | real year on year +1.1% |
| 2023 Q4 | 559.7 | 576.2 | real year on year +0.5% |
| 2022 Q4 | 535.0 | 573.4 | real year on year −4.6% |
| 2021 Q4 | 519.4 | 601.3 | real year on year +11.2% |
| 2020 Q4 | 446.2 | 540.8 | real year on year +15.1% |
| 2019 Q4 | 382.9 | 469.9 | real year on year +8.1% |
| 2018 Q4 | 348.0 | 434.7 | real year on year +7.8% |
| 2017 Q4 | 315.0 | 403.1 | real year on year +9.8% |
| 2016 Q4 | 281.0 | 367.2 | real year on year +8.4% |
| 2015 Q4 | 255.9 | 338.6 | real year on year +13.9% |
| 2014 Q4 | 224.5 | 297.4 | real year on year +5.4% |
| 2013 Q4 | 209.5 | 282.1 | real year on year +6.2% |
| 2012 Q4 | 194.4 | 265.6 | real year on year +5.0% |
| 2011 Q4 | 181.4 | 253.0 | real year on year −16.3% |
| 2010 Q4 | 210.0 | 302.1 | real year on year −4.8% |
| 2009 Q4 | 217.1 | 317.5 | real year on year −10.8% |
| 2008 Q4 | 244.2 | 355.8 | real year on year −18.2% |
| 2007 Q4 | 287.5 | 435.0 | real year on year −1.4% |
| 2006 Q4 | 283.5 | 441.2 | real year on year +7.8% |
| 2005 Q4 | 254.8 | 409.3 | real year on year +15.6% |
| 2004 Q4 | 213.2 | 354.0 | real year on year +12.0% |
| 2003 Q4 | 185.4 | 316.2 | real year on year +6.8% |
| 2002 Q4 | 169.8 | 296.0 | real year on year +4.7% |
| 2001 Q4 | 159.6 | 282.8 | real year on year +4.4% |
| 2000 Q4 | 148.7 | 270.8 | real year on year +2.2% |
| 1999 Q4 | 140.7 | 265.0 | real year on year +3.1% |
| 1998 Q4 | 133.6 | 257.1 | real year on year +3.7% |
| 1997 Q4 | 126.8 | 247.9 | real year on year +2.3% |
| 1996 Q4 | 121.1 | 242.3 | real year on year −1.2% |
| 1995 Q4 | 119.2 | 245.3 | real year on year −3.1% |
| 1994 Q4 | 119.6 | 253.1 | real year on year +0.2% |
| 1993 Q4 | 116.4 | 252.7 | real year on year +0.5% |
| 1992 Q4 | 112.5 | 251.4 | real year on year +3.5% |
| 1991 Q4 | 105.5 | 243.0 | — |
2026 Q2608 · real 608real year on year +3.3%
2025 Q4588 · real 588real year on year +1.0%
2024 Q4582 · real 582real year on year +1.1%
2023 Q4560 · real 576real year on year +0.5%
2022 Q4535 · real 573real year on year −4.6%
2021 Q4519 · real 601real year on year +11.2%
2020 Q4446 · real 541real year on year +15.1%
2019 Q4383 · real 470real year on year +8.1%
2018 Q4348 · real 435real year on year +7.8%
2017 Q4315 · real 403real year on year +9.8%
2016 Q4281 · real 367real year on year +8.4%
2015 Q4256 · real 339real year on year +13.9%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 45104. Real terms by the World Bank's US consumer price index, annual.