Springfield, OH Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Springfield, OH, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses with conforming loan amounts. The index covers the entire United States, and is provided quarterly.

As of the fourth quarter of 2019, the Springfield HPI was 176.7, up 0.2% from the previous quarter, and up 4.0% from one year ago. On a year-over-year basis, prices have increased in all but four states and the District of Columbia. The largest annual gains were in Washington (up 11.4%), Oregon (up 10.8%), Colorado (up 8.5%), and Nevada (up 7.3%).

The FHFA HPI is calculated using home sales price information from Freddie Mac's Primary Mortgage Market Survey® (PMMS®). The PMMS® began collecting data in 1971; therefore, the earliest date for which an HPI value is available is January 1975. Data collection for the PMMS® was discontinued at the end of March 2005; as a result, data used to calculate the HPI values for subsequent quarters are obtained from Fannie Mae's Home Purchase Sentiment Index®

As of 2019 Q4, the top five states with the highest house prices were Hawaii ($649,600), Washington ($552,800), California ($537,700), Massachusetts ($484,400), and Colorado ($457,100). The five states with lowest house prices were West Virginia ($129,000), Arkansas ($142 000), Mississippi ($143 000), Alabama ($144 900), and Ohio ($148 200).