Reading, PA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Reading, PA, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses with mortgages backed by Fannie Mae or Freddie Mac. The HPI value for a particular geographic area is the average of house price appreciation for all single-family properties located within that area. The HPI covers all nine census divisions and is calculated monthly.

The HPI began in January 1975 and covers the entire United States. The most recent data point available is for December 2020. In Reading, PA, the HPI was 251.17 in December 2020, up from 248.48 in November 2020 and up from 235.57 in December 2019. This represents an increase of 2.69% over the last 12 months and a decrease of 0.36% over the last month.

In terms of home equity, this means that homeowners in Reading have seen their equity increase by an average of 2.69% over the last year while those who purchased a home have seen their investment appreciate by 0%. For perspective, since its inception in January 1975, the FHFA HPI has appreciated by an average of 538%.