Goldsboro, NC Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Goldsboro, NC, 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 timely measure of home price changes than other existing indices because it relies on data from mortgage transactions.

The FHFA HPI for Goldsboro, NC was 154.39 in December 2020, down 0.4% from the previous month and up 3.2% from December 2019. This is the fourth consecutive month of year-over-year price increases in Goldsboro.

Home prices in Goldsboro have been rising steadily since bottoming out in early 2012. However, prices are still below the peak reached in late 2005/early 2006 (before the housing market crash).

As of December 2020, the average home equity for homeowners with a mortgage was $168,300, up from $164,700 in November and $161,200 in December 2019. Home equity is the difference between what a homeowner owes on their mortgage and the current market value of their home.

Rising home prices and increasing home equity are good news for homeowners in Goldsboro as it indicates that their homes are gaining value. For those looking to sell their homes, it may be a good time to do so as they are likely to see a healthy return on investment. And for those looking to buy a home, they may want to act sooner rather than later as prices are expected to continue to rise in 2021.