Federal Housing Finance Agency Home Price Index (FHFA HPI):

Muncie, IN Federal Housing Finance Agency Home Price Index (FHFA HPI)

Muncie, IN is a Federal Housing Finance Agency home price index that comprises the county of Delaware County. Its most recent index value is 202.32.

Muncie, IN Real Estate Trends: Housing Market Index on the Rise

The Muncie, IN, 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.

The HPI value for any given month represents the change in prices for homes with mortgages backed by Fannie Mae or Freddie Mac from one period to another. For example, if the HPI for March is 3.0%, this means that home prices on average have increased 3.0% since March of last year.

Muncie's HPI value has been relatively stable over the past few years. In March of 2020, the HPI was 1.8%. This is a decrease from February's value of 2.1%, but an increase from March 2019's value of 1.4%.

Home equity is the portion of a property's value that is owned outright by the homeowner. It can be used as collateral for a loan or line of credit, and it increases as the property appreciates in value and/or the mortgage balance is paid down.

In Muncie, IN, home equity values have also been relatively stable over the past few years. In Q4 2019, the median home equity was $131,000 - an increase from Q3 2019 ($130,000), but a decrease from Q4 2018 ($132,000).

Overall, both home prices and home equity values in Muncie have seen modest growth over the past few years with occasional dips along the way. Despite this stability, it's important to remember that these values are always subject to change depending on market conditions and other factors.

Price Index: Muncie, IN

Cities in Muncie, IN

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Zip codes in Muncie, IN

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