Dubuque, IA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Dubuque, IA, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same properties. The index was created in order to be a more accurate measure of house price changes than other commonly used indices because it uses data on actual transactions rather than appraisals.

As of the most recent data available (Q4 2017), the HPI for Dubuque was 176.8, meaning that home prices have increased 76.8% since the index’s creation in 1991. This is slightly higher than the national HPI of 175.1 and significantly higher than the Iowa HPI of 168.3.

There are several reasons why home prices have increased so much in Dubuque since 1991. One reason is that the city has experienced population growth during this time period. Between 1990 and 2000, Dubuque’s population grew by 4%, and it has continued to grow since then. As the population grows, there is more demand for housing, which drives up prices. Another reason for rising home prices is that incomes have grown faster in Dubuque than in most other parts of the country over the past few decades. This is due to a number of factors, including an increase in jobs in high-paying industries such as healthcare and education as well as an influx of retirees who are attracted to Dubuque’s low cost of living and high quality of life.

The combination of population growth and income growth has led to strong demand for housing in Dubuque, which has put upward pressure on prices. In addition, there has been very little new construction relative to demand over the past few years, further exacerbating the problem. The result is that home prices have increased significantly faster than incomes or inflation over the past few years, making it increasingly difficult for families to afford a home in Dubuque