Midland, TX Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Midland, 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 Midland metropolitan area. The HPI is a valuable tool for tracking house price trends at the regional level, and provides insight into the health of the housing market.

Since its inception in 1975, the FHFA HPI has shown that home prices in the Midland metro area have increased by an average of 5.4% per year. In recent years, however, home prices have been rising at a faster pace, with an annual average increase of 7.2% between 2012 and 2016. This trend is likely due to strong economic growth in the region, which has led to increased demand for housing and put upward pressure on prices.

Looking forward, it is expected that home prices will continue to rise in the Midland metro area as long as economic conditions remain favorable. However, if there is a sharp economic downturn or interest rates rise significantly, it could lead to a decrease in home prices.