U.S. house prices rose 0.1 percent in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.6 percent from January 2025 to January 2026. The previously reported 0.1 percent price change in December was revised upward to 0.3 percent.
For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.7 percent in the West South Central division to +1.7 percent in the East South Central division. The 12-month changes ranged from -0.8 percent in the West South Central division to +4.4 percent in the East North Central division.
Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in the attached report. Downloadable data and HPI release dates for all of 2025 are available here: https://www.fhfa.gov/HPI.