Federal Housing Finance Agency Home Price Index (FHFA HPI):
Longview, TX is a Federal Housing Finance Agency home price index that comprises counties including Rusk County, and Gregg County. Its most recent index value is 253.91.
The Longview, TX, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family properties in the Longview metropolitan area. The HPI is a valuable tool for tracking house price trends at the local level over time.
Between 2000 and 2006, the Longview HPI rose steadily, from 100 to nearly 160. This appreciation was driven by strong economic and population growth in the region. However, since 2006 the index has been relatively flat, with only modest increases in recent years.
As of 2019 Q2, the latest data available, the Longview HPI stood at 168. This represents a 2% increase from 2018 Q2 and a 4% increase from 2017 Q2. While this is positive news for homeowners in the area, it is worth noting that home prices are still below their pre-recession peak of 176 set in 2007 Q1.
There are several factors that have contributed to the recent slowdown in home price growth in Longview. One is that affordability has become an issue for many potential buyers as incomes have failed to keep pace with rising home prices. Another is that interest rates have risen significantly since 2016, making it more expensive to finance a purchase. Additionally, there has been an increase in new construction activity in recent years which has helped to meet some of the demand for housing and put downward pressure on prices.
Looking ahead, it remains to be seen if home prices will continue to rise at a modest pace or if they will flatten out or even decline as some of these headwinds persist. However, given the strong fundamentals of the local economy and population growth projections for the region, it seems likely that prices will continue to move higher over time even if there are some bumps along the way
Price Index: Longview, TX
Name | State | Metromicro | Fips State Code | Fips County Code | Region Type | Population |
---|---|---|---|---|---|---|
Gregg County | Texas | Metropolitan | 48 | 183 | Central | 150,855 |
Rusk County | Texas | Metropolitan | 48 | 401 | Outlying | 45,000 |
Upshur County | Texas | Metropolitan | 48 | 459 | Outlying | 37,970 |
Name | State | Population |
---|---|---|
Longview | Texas | 105,002 |
Henderson | Texas | 28,887 |
Kilgore | Texas | 24,976 |
Gilmer | Texas | 24,224 |
Gladewater | Texas | 13,712 |
Overton | Texas | 7,894 |
White Oak | Texas | 7,076 |
Big Sandy | Texas | 5,178 |
Diana | Texas | 4,859 |
Tatum | Texas | 4,320 |
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
75683 | 3,709 | 25.4 | America/Chicago | 32.82301 | -94.73701 | Ore City | Upshur County | Texas |
75640 | 4,859 | 22.2 | America/Chicago | 32.71557 | -94.68413 | Diana | Upshur County | Texas |
75755 | 5,178 | 19.1 | America/Chicago | 32.63315 | -95.08596 | Big Sandy | Upshur County | Texas |
75645 | 10,797 | 28.7 | America/Chicago | 32.68749 | -94.87405 | Gilmer | Upshur County | Texas |
75644 | 13,427 | 27.7 | America/Chicago | 32.79510 | -94.99553 | Gilmer | Upshur County | Texas |
75682 | 578 | 72.6 | America/Chicago | 32.25033 | -94.93660 | New London | Rusk County | Texas |
75667 | 1,193 | 5.5 | America/Chicago | 31.98544 | -94.84005 | Laneville | Rusk County | Texas |
75681 | 2,128 | 6.4 | America/Chicago | 31.92844 | -94.69197 | Mount Enterprise | Rusk County | Texas |
75691 | 4,320 | 17.9 | America/Chicago | 32.31327 | -94.55066 | Tatum | Rusk County | Texas |
75684 | 7,894 | 30.2 | America/Chicago | 32.27335 | -94.93895 | Overton | Rusk County | Texas |