Sebring-Avon Park, FL Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Sebring-Avon Park, FL, 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 provide a more current and accurate measure of house prices than the existing HPI.

As of December 2020, the Sebring-Avon Park FHFA HPI was at 176.3, up from its all-time low of 103.6 in February 2011. This represents an increase of 71% over the past nine years. Home equity in Sebring-Avon Park has increased significantly as well during this time period. In December 2020, the median home value in Sebring-Avon Park was $151,900, up from $111,200 in February 2011 – an increase of 37%.

There are several reasons why home values and equity have increased so significantly in Sebring-Avon Park since 2011. First, there has been strong population growth in the area over this time period. Between 2010 and 2019, the population of Highlands County (which includes Sebring-Avon Park) grew by 10%. This population growth has led to increased demand for housing which has helped drive up prices. Additionally, interest rates have remained at historically low levels since 2011 which has made it more affordable for people to buy homes and also helped to increase home values by making it cheaper for people to refinance their mortgages into lower monthly payments.

The combination of strong population growth and low interest rates is expected to continue driving up home values and equity levels in Sebring-Avon Park over the next few years. If you are thinking about buying a home or refinancing your mortgage in Sebring-Avon Park, now is a good time to do so while prices are still relatively affordable compared to other parts of Florida and the country as a whole.