Data / Rankings / House prices, annual change / US states

US states by house price growth

Rhode Island had the highest house price growth of 51 states in Q4 2023, at 13.7%. Hawaii had the lowest, at -3.5%. The median was 6% and the figure for the United States was 6.1%. Source: FHFA.

Highest13.7Rhode Island
Lowest-3.5Hawaii
Median651 states
United States6.1History

All states, Q4 2023

CSVChart (SVG)

Rhode IslandRhode Island: 13.7 %13.7West VirginiaWest Virginia: 12.3 %12.3ConnecticutConnecticut: 11.5 %11.5New JerseyNew Jersey: 11.2 %11.2VermontVermont: 10.8 %10.8MississippiMississippi: 10.4 %10.4New YorkNew York: 9.3 %9.3New HampshireNew Hampshire: 9.2 %9.2MichiganMichigan: 8.8 %8.8MassachusettsMassachusetts: 8.7 %8.7South CarolinaSouth Carolina: 8.7 %8.7WisconsinWisconsin: 8.7 %8.7OhioOhio: 8.6 %8.6IllinoisIllinois: 8.5 %8.5KansasKansas: 7.8 %7.8IndianaIndiana: 7.2 %7.2VirginiaVirginia: 7.2 %7.2MissouriMissouri: 7.1 %7.1PennsylvaniaPennsylvania: 7 %7GeorgiaGeorgia: 6.5 %6.5South DakotaSouth Dakota: 6.5 %6.5AlaskaAlaska: 6.4 %6.4FloridaFlorida: 6.3 %6.3TennesseeTennessee: 6.3 %6.3MaineMaine: 6.2 %6.2North CarolinaNorth Carolina: 6 %6ArizonaArizona: 5.8 %5.8IowaIowa: 5.8 %5.8KentuckyKentucky: 5.8 %5.8ArkansasArkansas: 5.6 %5.6MarylandMaryland: 5.4 %5.4North DakotaNorth Dakota: 5.3 %5.3New MexicoNew Mexico: 5.2 %5.2CaliforniaCalifornia: 4.8 %4.8NebraskaNebraska: 4.7 %4.7DelawareDelaware: 4.6 %4.6OklahomaOklahoma: 4.3 %4.3MinnesotaMinnesota: 4.2 %4.2AlabamaAlabama: 4.1 %4.1MontanaMontana: 4.1 %4.1NevadaNevada: 3.6 %3.6WashingtonWashington: 3.4 %3.4ColoradoColorado: 3.1 %3.1WyomingWyoming: 2.7 %2.7TexasTexas: 2.4 %2.4UtahUtah: 2.1 %2.1IdahoIdaho: 2 %2District of ColumbiaDistrict of Columbia: 1.9 %1.9LouisianaLouisiana: 1.8 %1.8OregonOregon: 1 %1HawaiiHawaii: -3.5 %-3.5
%. Source: Invokely calculation with data from FHFA. Retrieved 2026-10-08.

Full ranking

RankStatesQ4 2023 (%)Change on Q4 2022
1Rhode Island13.7+8.3 pts
2West Virginia12.3+6.5 pts
3Connecticut11.5+2.7 pts
4New Jersey11.2+3.2 pts
5Vermont10.8+1.2 pts
6Mississippi10.4+3 pts
7New York9.3+1.8 pts
8New Hampshire9.2-0.1 pts
9Michigan8.8+2.5 pts
10Massachusetts8.7+3.7 pts
10South Carolina8.7-3.3 pts
10Wisconsin8.7-0.9 pts
13Ohio8.6+0.3 pts
14Illinois8.5+1.6 pts
15Kansas7.8-0.4 pts
16Indiana7.2-1.7 pts
16Virginia7.2-1.1 pts
18Missouri7.1-1.1 pts
19Pennsylvania7-0.2 pts
20Georgia6.5-4.6 pts
20South Dakota6.5-2.7 pts
22Alaska6.4+0.9 pts
23Florida6.3-6.8 pts
23Tennessee6.3-4 pts
25Maine6.2-6.3 pts
26North Carolina6-6.8 pts
27Arizona5.8+0.6 pts
27Iowa5.8-2.6 pts
27Kentucky5.8-3.6 pts
30Arkansas5.6-3.8 pts
31Maryland5.4-0.7 pts
32North Dakota5.3-0.7 pts
33New Mexico5.2-4.5 pts
34California4.8+3.6 pts
35Nebraska4.7-3.7 pts
36Delaware4.6-7.6 pts
37Oklahoma4.3-5.4 pts
38Minnesota4.2-0.3 pts
39Alabama4.1-5.6 pts
39Montana4.1-6.3 pts
41Nevada3.6+0.7 pts
42Washington3.4+0.3 pts
43Colorado3.1-1.6 pts
44Wyoming2.7-4.7 pts
45Texas2.4-6.6 pts
46Utah2.1-1.1 pts
47Idaho2-0.3 pts
48District of Columbia1.9+6.1 pts
49Louisiana1.8-3 pts
50Oregon1-2.3 pts
51Hawaii-3.5-19.2 pts

Other periods

About this ranking

Percentage change of the house price index with respect to the same quarter of the previous year.

Every value in the ranking comes from the same publisher and the same period, so the states are compared on one definition. Equal values share a rank.

How to cite

Federal Housing Finance Agency (FHFA). Annual change in the FHFA traditional purchase-only house price index, not seasonally adjusted, state, calculated with stored inputs. https://www.fhfa.gov/hpi/download/monthly/hpi_master.csv. Retrieved 2026-10-08.

Use this data in your AI agent

Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:

Rank US states by house price growth using official data, and cite the source.
rank_places {"indicator":"house_price_annual_change","level":"region","within":"United States","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=house_price_annual_change&level=region&within=United%20States&limit=10

Connect Claude, ChatGPT or Cursor in one step. The trial answers 25 calls a day without an account.

Questions

Which state has the highest house price growth?

Rhode Island, with 13.7% in Q4 2023, according to FHFA.

Which state has the lowest house price growth?

Hawaii, with -3.5% in Q4 2023.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: Federal Housing Finance Agency, Annual change in the FHFA traditional purchase-only house price index, not seasonally adjusted, state, calculated with stored inputs. Retrieved 2026-10-08.

House prices, annual change: other rankings

US states: more rankings