The Fastest and Slowest States for Home Prices (2026)
Where home prices are still climbing and where they have stalled or fallen, state by state, as of Q2 2026.
Key findings
- In Q2 2026, Alaska had the fastest home-price growth of any state at +8.3% year over year, while New Mexico was slowest at -1.2%.
- The next-fastest states were Vermont (+7.2%) and Hawaii (+5.9%).
- 4 states saw prices fall year over year; the rest still rose, though mostly in low single digits.
- These are index percent changes on repeat sales, measuring how fast prices moved in each state, not how expensive homes are.
Home-price growth varies enormously by state. This ranks every state and the District of Columbia by year-over-year change on the FHFA purchase-only index as of Q2 2026. The leaders and laggards have flipped from the pandemic era, when the Mountain West and Sun Belt ran hottest. An index tracks price change relative to a base period, not dollar price levels.
Fastest-growing states
| Year-over-year change | Year-over-year change |
|---|---|
| Alaska | 8.28% |
| Vermont | 7.16% |
| Hawaii | 5.93% |
| West Virginia | 5.69% |
| Illinois | 5.54% |
| North Dakota | 4.82% |
| Wisconsin | 4.76% |
| Rhode Island | 4.59% |
| Connecticut | 4.59% |
| New Jersey | 4.53% |
Slowest-growing states
| Year-over-year change | Year-over-year change |
|---|---|
| Tennessee | 0.85% |
| Mississippi | 0.6% |
| Arizona | 0.52% |
| Texas | 0.43% |
| North Carolina | 0.38% |
| Oregon | 0.24% |
| California | -0.29% |
| Colorado | -0.61% |
| Washington | -1% |
| New Mexico | -1.17% |
All states
| State | Year-over-year |
|---|---|
| Alaska | +8.3% |
| Vermont | +7.2% |
| Hawaii | +5.9% |
| West Virginia | +5.7% |
| Illinois | +5.5% |
| North Dakota | +4.8% |
| Wisconsin | +4.8% |
| Rhode Island | +4.6% |
| Connecticut | +4.6% |
| New Jersey | +4.5% |
| Ohio | +4.3% |
| Kentucky | +4.3% |
| Pennsylvania | +3.9% |
| Missouri | +3.7% |
| Michigan | +3.7% |
| Massachusetts | +3.6% |
| New York | +3.5% |
| Idaho | +3.5% |
| Indiana | +3.5% |
| Delaware | +3.2% |
| Kansas | +3.2% |
| Wyoming | +3.2% |
| New Hampshire | +3.1% |
| Virginia | +3.0% |
| Alabama | +2.8% |
| Nevada | +2.7% |
| Montana | +2.6% |
| Minnesota | +2.4% |
| South Carolina | +2.3% |
| Iowa | +2.3% |
| Nebraska | +2.0% |
| Oklahoma | +1.9% |
| Georgia | +1.8% |
| Louisiana | +1.6% |
| District of Columbia | +1.5% |
| South Dakota | +1.1% |
| Arkansas | +1.1% |
| Utah | +1.0% |
| Maine | +1.0% |
| Maryland | +0.9% |
| Florida | +0.9% |
| Tennessee | +0.9% |
| Mississippi | +0.6% |
| Arizona | +0.5% |
| Texas | +0.4% |
| North Carolina | +0.4% |
| Oregon | +0.2% |
| California | -0.3% |
| Colorado | -0.6% |
| Washington | -1.0% |
| New Mexico | -1.2% |
FHFA purchase-only quarterly index, year-over-year change (not seasonally adjusted). Index percent change, not dollar prices.
Data Sources & Methodology
The figures on this page are computed directly from the source data below. Narrative text accompanies the figures but never generates them.
FHFA House Price Index (HPI)
- Publisher:
- Federal Housing Finance Agency
- Vintage:
- 2026
- Access:
- BigQuery
- Cadence:
- monthly
The Federal Housing Finance Agency House Price Index measures changes in single-family home values using a repeat-sales method on mortgages acquired by Fannie Mae and Freddie Mac. The master file carries every published series: monthly indexes for the nation and the nine Census divisions, and quarterly indexes for states and metropolitan areas, in multiple index types, back to the 1970s.
The HPI is a weighted repeat-sales index: it tracks price changes on the same homes over time using mortgage transactions acquired or guaranteed by Fannie Mae and Freddie Mac. Values are index levels relative to a base period, not dollar prices.
Monthly indexes are published for the United States and the nine Census divisions; state and metropolitan-area indexes are quarterly. Both seasonally adjusted and not-seasonally-adjusted series are provided.
Price growth is computed as the percent change in the index between two periods. Because it is an index, comparisons are about rate of change, not absolute price levels between places.
- The purchase-only and standard indexes cover only homes with Fannie Mae or Freddie Mac mortgages, so cash sales and homes financed outside the enterprises are not included.
- It is an index of price change, not a measure of dollar price levels, so two places with the same index are not equally expensive.
- Monthly detail exists only for the nation and Census divisions; state and metro series are quarterly.
- Recent periods can be revised as more transactions are reported.
How these figures were produced
- Estimate type:
- Repeat-sales price index (not a count or dollar level)
- Weighting:
- Repeat-sales weighting of enterprise-acquired mortgages
Suggested citation
Federal Housing Finance Agency, House Price Index, 2026. Analysis by Matt George, itsmattgeorge.com. Retrieved 2026-10-24.