Lincoln, NE Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Lincoln, NE, 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 covers single-family homes and condominiums. The Lincoln HPI includes data from Fannie Mae and Freddie Mac loans purchased by Ginnie Mae between January 1, 1975 and December 31, 2019.

The Lincoln HPI value for December 2019 was 184.766, up 0.8 percent from November 2019 and up 5.0 percent from December 2018. On a year-over-year basis, home prices in the Lincoln metro area have increased for 62 consecutive months. The last time home prices in the area declined on a year-over-year basis was February 2013 (-0.2 percent).

As of December 2019, the average home in the Lincoln metro area was worth $186,767, up $9,000 from one year ago and $16,000 from two years ago. Home values have increased at a faster pace than both inflation (2%) and wage growth (3%) over the past two years. Despite this appreciation in home values across the metro area since 2017, there are still pockets of affordability as some neighborhoods have experienced slower price growth or even slight declines in recent months due to an increase in inventory levels relative to buyer demand.