Measured FHFA data · through 2025
Home appreciation by state
All 50 states and DC, ranked by measured home-price growth over the last five years — with 1-year and 10-year pace alongside so a hot window can't masquerade as a long-term trend. Computed from the FHFA all-transactions house price index; no forecasts, no model output — just what prices actually did.
State rankings by 5-year pace
| # | State | 1-yr | 5-yr /yr | 10-yr /yr | 10-yr total |
|---|---|---|---|---|---|
| 1 | Maine | +5.8% | +11.6% | +8.3% | +121.9% |
| 2 | New Hampshire | +5.7% | +11.0% | +8.1% | +118.7% |
| 3 | Rhode Island | +6.3% | +10.9% | +8.1% | +117.4% |
| 4 | Vermont | +4.4% | +10.9% | +6.9% | +95.4% |
| 5 | Montana | +3.8% | +10.8% | +7.9% | +114.8% |
| 6 | New Jersey | +6.9% | +10.7% | +6.8% | +93.7% |
| 7 | North Carolina | +3.7% | +10.7% | +8.1% | +117.7% |
| 8 | South Carolina | +5.0% | +10.7% | +8.0% | +116.2% |
| 9 | Tennessee | +3.6% | +10.6% | +8.5% | +125.4% |
| 10 | Connecticut | +7.1% | +10.5% | +6.1% | +80.8% |
| 11 | Florida | +0.7% | +10.4% | +8.9% | +134.7% |
| 12 | Georgia | +3.3% | +10.2% | +8.2% | +120.7% |
| 13 | Idaho | +2.6% | +10.0% | +10.0% | +160.3% |
| 14 | Wisconsin | +6.2% | +9.9% | +7.3% | +101.7% |
| 15 | Arizona | +1.9% | +9.7% | +8.5% | +127.0% |
| 16 | Ohio | +5.8% | +9.5% | +7.2% | +101.1% |
| 17 | Indiana | +5.3% | +9.4% | +7.3% | +101.5% |
| 18 | Arkansas | +4.3% | +9.3% | +6.4% | +86.1% |
| 19 | Utah | +3.2% | +9.3% | +8.6% | +129.2% |
| 20 | New York | +7.0% | +9.2% | +6.8% | +92.5% |
| 21 | Michigan | +5.7% | +9.1% | +7.4% | +104.4% |
| 22 | Missouri | +4.8% | +9.1% | +6.9% | +95.1% |
| 23 | Delaware | +4.5% | +9.0% | +6.0% | +79.6% |
| 24 | Kentucky | +5.0% | +8.9% | +6.6% | +90.3% |
| 25 | New Mexico | +3.9% | +8.9% | +6.5% | +87.7% |
| 26 | South Dakota | +3.7% | +8.9% | +6.8% | +92.6% |
| 27 | Alabama | +3.9% | +8.8% | +6.4% | +86.7% |
| 28 | Kansas | +4.9% | +8.8% | +6.7% | +90.4% |
| 29 | Virginia | +4.8% | +8.8% | +6.1% | +80.9% |
| 30 | Massachusetts | +4.8% | +8.7% | +6.8% | +93.5% |
| 31 | Pennsylvania | +5.8% | +8.7% | +6.3% | +83.4% |
| 32 | Nebraska | +3.9% | +8.6% | +6.8% | +92.2% |
| 33 | Illinois | +6.6% | +8.4% | +5.5% | +70.3% |
| 34 | Nevada | +2.7% | +8.4% | +8.4% | +124.9% |
| 35 | Oklahoma | +3.6% | +8.3% | +5.9% | +76.7% |
| 36 | Texas | +1.8% | +8.1% | +7.0% | +96.8% |
| 37 | Wyoming | +5.1% | +8.1% | +5.6% | +73.1% |
| 38 | Washington | +3.1% | +8.0% | +8.3% | +121.2% |
| 39 | Hawaii | +2.6% | +7.7% | +5.7% | +74.4% |
| 40 | Mississippi | +4.4% | +7.7% | +5.3% | +68.0% |
| 41 | West Virginia | +5.6% | +7.7% | +5.0% | +62.2% |
| 42 | Iowa | +4.0% | +7.5% | +5.5% | +70.0% |
| 43 | California | +1.9% | +7.2% | +6.4% | +85.2% |
| 44 | Maryland | +3.7% | +7.2% | +5.1% | +64.2% |
| 45 | Colorado | +1.4% | +7.1% | +7.3% | +102.4% |
| 46 | Alaska | +4.6% | +7.0% | +4.5% | +55.1% |
| 47 | Minnesota | +3.6% | +6.9% | +5.9% | +78.1% |
| 48 | Oregon | +2.0% | +6.7% | +6.8% | +93.9% |
| 49 | North Dakota | +5.4% | +6.3% | +4.1% | +49.3% |
| 50 | Louisiana | +2.9% | +4.5% | +3.7% | +43.3% |
| 51 | District of Columbia | +1.4% | +2.7% | +3.7% | +43.7% |
How to read this: “5-yr /yr” is compound annual growth over the five years ending 2025; “10-yr total” is the cumulative change over ten years. All figures are nominal (not inflation-adjusted).
Source & method: State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. Data: FHFA House Price Index, updated 2026-07-18. State averages hide wide local variation — even homes in the same ZIP code appreciate differently. Educational data, not investment advice.
Common questions
Which state has the highest home appreciation?
Over the five years ending 2025, Maine leads with a measured pace of +11.6% per year in the FHFA all-transactions index. Leaders change across windows — the 1-year and 10-year columns often tell a different story than the 5-year ranking.
Are these numbers adjusted for inflation?
No. These are nominal price changes, as measured by the FHFA all-transactions house price index. Subtract inflation over the same window if you want real (inflation-adjusted) appreciation.
Does a state average tell me what a specific home will do?
No. A state average is the widest possible lens: homes inside the same ZIP code — let alone the same state — appreciate at meaningfully different rates. Use state and county rankings for context, then evaluate the specific property within its own local market.
Averages end where the decision starts
These are area averages from measured history. Individual homes inside the same area follow meaningfully different paths — Good Investment ranks a specific property within its own market, with context and a confidence flag.