Pueblo, CO Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Pueblo, CO, 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 relies on data from mortgage transactions.

The HPI for Pueblo, CO covers all single-family homes with a mortgage transaction and at least one repeat transaction in the FHFA's database. The index only includes transactions that are arms-length, meaning that they are between unrelated parties. In order to be included in the HPI, a property must also have been purchased with the intention of being used as a primary residence.

The FHFA has published the HPI since 1991. The base year for the HPI is set to 100 and as of December 2020, the HPI for Pueblo, CO was at 153.7. This means that home prices in Pueblo have increased by 53.7% since 1991.

There are many factors that contribute to increases in home prices such as population growth, job creation and economic development. In recent years, there has been an influx of people moving to Colorado from other states due to the state's strong economy and growing job market. This has put pressure on housing costs and caused home prices to rise across the state.

Pueblo is located about 60 miles south of Denver and is one of Colorado's fastest-growing cities. The city has seen significant investment in recent years, with new businesses moving into downtown and revitalization projects underway throughout the city. These factors have helped spur economic growth and attract new residents to Pueblo, which has contributed to rising home prices in the area.

The median sales price for a home in Pueblo was $247,000 in 2020, up from $215,000 in 2019 – an increase of 14%. The average price per square foot also rose during this time period, from $144/sqft to $161/sqft – an increase of 12%. These trends indicate that home prices are continuing to rise at a healthy rate in Pueblo and show no signs of slowing down anytime soon