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

Name: US states by US house price index, Q1 1991 = 100, Q4 2025
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 2025, at 725.94 index. Connecticut had the lowest, at 309.56 index. The median was 423.85 index. Source: the Federal Housing Finance Agency.

Highest725.94Montana

Lowest309.56Connecticut

Median423.8551 states

All states, Q4 2025

CSV Chart (SVG)

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

Full ranking

Rank	States	Q4 2025 index	Change on Q4 2024
1	Montana	725.94	-9.12
2	Utah	716.22	+5.54
3	Colorado	672.81	-10.16
4	Idaho	627.81	-5.22
5	Oregon	621.83	+2.87
6	District of Columbia	609.99	-6.32
7	Washington	585.95	+12.66
8	Arizona	566.82	+4.37
9	Wyoming	555.54	+17.63
10	Florida	541.04	-12.65
11	South Dakota	491.91	+10.42
12	Maine	485.41	+18.41
13	Tennessee	474.19	+2.13
14	New Hampshire	471.98	+17.5
15	Massachusetts	467.41	+11.28
16	Wisconsin	459.33	+24.75
17	North Dakota	453.24	+26.7
18	South Carolina	443.4	+8.81
19	Texas	439.98	-2.29
20	North Carolina	436.84	+4.68
21	Vermont	432.63	+16.34
22	Nebraska	431.93	+9.77
23	New Jersey	428.97	+20.39
24	Rhode Island	428.46	+19.31
25	Minnesota	428.24	+13.62
26	Virginia	423.85	+15.46
27	Nevada	423.78	+2.97
28	New York	420.33	+22.17
29	Georgia	420.1	-0.05
30	California	417.72	-1.96
31	Kansas	405.3	+15.87
32	New Mexico	405.2	+2.39
33	Missouri	403.28	+17.87
34	Kentucky	395.9	+11.1
35	Hawaii	387.43	+1.62
36	Michigan	387.14	+21.41
37	Oklahoma	386.78	+12.69
38	Alaska	385.8	+16.96
39	Iowa	378.28	+13.67
40	Arkansas	370.91	+14.38
41	Pennsylvania	369.91	+14.78
42	Louisiana	369.41	+12.36
43	Alabama	369.03	+8.99
44	Maryland	368.07	+4.37
45	Indiana	366.98	+11.88
46	Ohio	351.68	+15.63
47	Delaware	349.16	+22.79
48	Illinois	324.58	+19.43
49	West Virginia	323.64	+1.44
50	Mississippi	319.5	+9.56
51	Connecticut	309.56	+13.71

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 725.94 index in Q4 2025, according to the Federal Housing Finance Agency.

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

Connecticut, with 309.56 index in Q4 2025.

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.