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House prices rose nationwide in January, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.2 percent from January 2021 to January 2022. The previously reported 1.2 percent price change for December 2021 was revised upward to a 1.3 percent price change.
For the nine census divisions, seasonally adjusted monthly house price changes from December 2021 to January 2022 ranged from +0.1 percent in the New England division to +2.2 percent in the South Atlantic division. The 12-month changes ranged from +13.3 percent in the Middle Atlantic division to +23.1 percent in the Mountain division.
Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the attached pages. Downloadable data and HPI release dates for all of 2022 are available here: https://www.fhfa.gov/HPI.
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