Valdosta, GA Federal Housing Finance Agency Home Price Index (FHFA HPI)

Valdosta, GA is a city located in Lowndes County, Georgia, United States. As of the 2010 census, Valdosta had a population of 54,518. The city is the county seat of Lowndes County and is the principal city of the Valdosta Metropolitan Statistical Area.

The Federal Housing Finance Agency (FHFA) House Price Index for Valdosta shows that home prices have increased by 3.3% from the fourth quarter of 2017 to the fourth quarter of 2018. This is higher than both the national and state averages during this time period. The FHFA index is based on home sales price information from Freddie Mac and Fannie Mae-backed mortgages.

There are several reasons why home prices in Valdosta may be increasing at a faster rate than other areas in the country. One reason could be population growth. According to data from the U.S Census Bureau, Valdosta’s population has grown by 2% since 2010. This population growth could lead to more demand for housing, which would drive up prices. Another reason for rising home prices could be an increase in median household income. Data from the U.S Census Bureau shows that median household income in Valdosta has increased by 5% since 2016, which is higher than both the national and state averages during this time period. This increase in income could lead to more people being able to afford to purchase a home, driving up prices even further