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

The Warner Robins, GA, 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 accurate measure of house price changes than other commonly used indices because it uses data on actual transactions rather than appraisals.

As of the fourth quarter of 2019, the Warner Robins HPI was at 178.7, up 1.1% from the previous quarter and up 5.0% from one year ago. This is the fourth consecutive quarter of positive annual growth for the Warner Robins HPI and marks the highest level since the third quarter of 2007. Home equity in Warner Robins has increased significantly over this time period as well, rising from an estimated $17 billion in early 2013 to $32 billion by late 2019 – an increase of 86%.

There are several factors driving these trends in Warner Robins home prices and equity values. The local economy has been strong in recent years, with job growth averaging 2.4% per year since 2015 and unemployment falling to just 3.2% by 2019 – both well below national averages. The strong economy has helped support population growth as well, which has averaged 1.4% per year since 2010 and reached an estimated total of 133,000 by 2019. This population growth has helped drive demand for housing, which has outstripped supply in recent years leading to increases in prices and values