Where home prices have risen fastest
Five-year change in the FHFA all-transactions house price index for each state, over complete calendar years. Shown next to the current median home value.
Top of the list: Maine at 68.6%. Bottom: District of Columbia at 12.9%.
| # | State | 5-year price change | Median home value |
|---|---|---|---|
| 1 | Maine | 68.6% | $296,600 |
| 2 | Vermont | 65.7% | $316,600 |
| 3 | New Hampshire | 64.7% | $402,500 |
| 4 | New Jersey | 64.7% | $454,400 |
| 5 | Rhode Island | 64.3% | $404,200 |
| 6 | South Carolina | 63.9% | $259,000 |
| 7 | North Carolina | 62.6% | $288,900 |
| 8 | Connecticut | 62.2% | $366,900 |
| 9 | Tennessee | 62.0% | $286,700 |
| 10 | Montana | 61.2% | $375,800 |
| 11 | Florida | 59.6% | $359,000 |
| 12 | Georgia | 59.5% | $303,300 |
| 13 | Wisconsin | 58.1% | $266,500 |
| 14 | Ohio | 54.3% | $214,800 |
| 15 | Indiana | 54.2% | $218,200 |
| 16 | Arkansas | 54.1% | $188,000 |
| 17 | New York | 54.1% | $423,800 |
| 18 | Delaware | 53.4% | $352,000 |
| 19 | Arizona | 53.1% | $394,500 |
| 20 | Michigan | 52.8% | $231,600 |
| 21 | Missouri | 52.3% | $230,300 |
| 22 | Idaho | 52.1% | $418,600 |
| 23 | Kentucky | 51.4% | $205,600 |
| 24 | Utah | 51.1% | $489,400 |
| 25 | South Dakota | 51.0% | $257,400 |
| 26 | Alabama | 50.5% | $209,900 |
| 27 | Virginia | 50.3% | $383,700 |
| 28 | New Mexico | 50.2% | $248,100 |
| 29 | Massachusetts | 49.9% | $562,100 |
| 30 | Kansas | 49.8% | $217,200 |
| 31 | Pennsylvania | 49.8% | $254,500 |
| 32 | Illinois | 49.5% | $263,300 |
| 33 | Nebraska | 49.3% | $238,600 |
| 34 | Oklahoma | 47.4% | $199,800 |
| 35 | Nevada | 46.5% | $435,400 |
| 36 | West Virginia | 44.9% | $162,600 |
| 37 | Wyoming | 44.8% | $309,700 |
| 38 | Mississippi | 44.4% | $169,800 |
| 39 | Texas | 44.2% | $283,800 |
| 40 | Hawaii | 43.9% | $839,100 |
| 41 | Washington | 42.8% | $564,600 |
| 42 | Iowa | 42.6% | $208,000 |
| 43 | Alaska | 41.2% | $352,900 |
| 44 | Maryland | 39.7% | $419,900 |
| 45 | California | 38.7% | $734,700 |
| 46 | Colorado | 38.1% | $539,400 |
| 47 | Minnesota | 37.1% | $329,300 |
| 48 | North Dakota | 34.8% | $249,900 |
| 49 | Oregon | 34.4% | $477,600 |
| 50 | Louisiana | 24.7% | $216,500 |
| 51 | District of Columbia | 12.9% | $737,100 |
FRED (FHFA House Price Index & state unemployment) · {ST}STHPI, {ST}UR · home prices through 2025, unemployment through 2024 · rel. continuously updated · Official data
Understanding where home prices have risen fastest
Across all 50 states and the District of Columbia, 5-year price change spans from 68.6% in Maine at the top of the list to 12.9% in the District of Columbia at the bottom. The three at the top are Maine, Vermont, and New Hampshire; the three at the bottom are Oregon, Louisiana, and the District of Columbia.
Over the latest five complete years, home prices rose fastest in northern New England and the Northeast: Maine, Vermont, New Jersey, New Hampshire, and Rhode Island all gained more than 60%, with South Carolina close behind. Nationally, the index rose about 50% over the same period. Growth was slowest in the District of Columbia, Louisiana, Oregon, and North Dakota.
Many of the fastest-rising states were not the most expensive at the start of the period. Price growth since 2020 has favored smaller and lower-cost markets that drew buyers from expensive metros, while some of the priciest places grew more slowly from a high base. The median home value column helps separate places that have become expensive from places that already were.
The FHFA all-transactions index tracks repeated sales and refinance appraisals of the same single-family homes, so it measures price change, not the price of a typical home. Fast past growth does not predict future growth, and it says nothing about local markets inside a state. It does show how quickly the cost of buying in has moved away from local incomes, which matters for anyone planning to buy a few years after a move.