Hinesville, GA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Hinesville, GA, 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 indices because it only uses data from closed loans.

In general, home prices in the Hinesville area have been increasing since the FHFA HPI began tracking data in 1991. However, there have been some fluctuations during that time period. For example, home prices decreased during the housing market crash of 2008 and 2009. However, they have since recovered and continued to rise through 2019.

As of 2019, the median home value in Hinesville was $164,900, which is a 4.8% increase from 2018 ($157,700). The median list price per square foot was $106 in 2019, which is a 3% increase from 2018 ($103). Lastly, the median sale price per square foot was $99 in 2019, which is also a 3% increase from 2018 ($96).

There are many factors that contribute to these trends in home values and prices. Some of these include population growth (or decline), job market conditions, interest rates, and availability of credit. In recent years, Hinesville has experienced population growth due to the expansion of Fort Stewart Army Base. This has led to an increased demand for housing and higher prices as a result. Additionally, job growth in Hinesville has outpaced the national average over the past few years due to this population growth as well as expansions at other local businesses such as Gulfstream Aerospace Corporation and Liberty Regional Medical Center. These trends are likely to continue into 2020 and beyond barring any unforeseen economic or political disruptions.