US states by US house price index, Q1 1991 = 100

Name: US states by US house price index, Q1 1991 = 100, Q4 2023
Creator: Federal Housing Finance Agency
License: Public domain (US government work); citation requested

Montana had the highest US house price index, Q1 1991 = 100 of 51 states in Q4 2023, at 682.07 index. Connecticut had the lowest, at 271.65 index. The median was 389.35 index. Source: the Federal Housing Finance Agency.

Highest682.07Montana

Lowest271.65Connecticut

Median389.3551 states

All states, Q4 2023

CSV Chart (SVG)

index. Source: FHFA. Retrieved 2026-10-08.

Full ranking

Rank	States	Q4 2023 index	Change on Q4 2022
1	Montana	682.07	+26.98
2	Utah	679.12	+13.65
3	Colorado	668.12	+19.83
4	Oregon	600.24	+5.76
5	Idaho	599.95	+12.03
6	District of Columbia	598.97	+11.32
7	Washington	556.38	+18.43
8	Arizona	552.39	+30.2
9	Florida	542.37	+31.96
10	Wyoming	500.46	+13.03
11	South Dakota	464.23	+28.22
12	Tennessee	451.7	+26.72
13	Maine	434.62	+25.54
14	Texas	432.37	+10.32
15	Massachusetts	432.21	+34.66
16	New Hampshire	422.69	+35.54
17	North Dakota	414.31	+20.7
18	South Carolina	412.72	+32.98
19	North Carolina	410.04	+23.17
20	California	409.54	+18.91
21	Wisconsin	407.09	+32.55
22	Georgia	400.85	+24.29
23	Nevada	396.48	+13.66
24	Minnesota	396.39	+16.03
25	Nebraska	393.89	+17.8
26	Vermont	389.35	+37.86
27	Virginia	385.75	+25.76
28	Rhode Island	382.98	+46.05
29	New Mexico	380.29	+18.76
30	New Jersey	375.81	+37.95
31	Hawaii	374.41	-13.61
32	New York	370.69	+31.39
33	Kansas	368.87	+26.58
34	Missouri	365.99	+24.15
35	Kentucky	361.17	+19.96
36	Oklahoma	358.86	+14.72
37	Alaska	355.13	+21.47
38	Louisiana	354.87	+6.28
39	Michigan	348.07	+28.27
40	Iowa	346.93	+19.15
41	Maryland	343.44	+17.57
42	Alabama	343.35	+13.66
43	Arkansas	341.52	+18.23
44	Pennsylvania	334.41	+21.75
45	Indiana	333.4	+22.49
46	Delaware	315.29	+13.83
47	Ohio	314.81	+25.03
48	Mississippi	312.06	+29.42
49	West Virginia	311.71	+34.11
50	Illinois	284.06	+22.17
51	Connecticut	271.65	+27.91

Other periods

About this ranking

Quarterly FHFA purchase-only index of single-family house prices, with the first quarter of 1991 equal to 100.

Not seasonally adjusted. Uses repeat sales of properties financed with conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. Historical values can be revised. The base period differs from the monthly US index and the existing Spanish house price index.

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). FHFA traditional purchase-only house price index, not seasonally adjusted, state, Q1 1991 = 100. https://www.fhfa.gov/hpi/download/monthly/hpi_master.csv. Retrieved 2026-10-08.

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Rank US states by US house price index, Q1 1991 = 100 using official data, and cite the source.

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Questions

Which state has the highest US house price index, Q1 1991 = 100?

Montana, with 682.07 index in Q4 2023, according to the Federal Housing Finance Agency.

Which state has the lowest US house price index, Q1 1991 = 100?

Connecticut, with 271.65 index 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, FHFA traditional purchase-only house price index, not seasonally adjusted, state, Q1 1991 = 100. Retrieved 2026-10-08.