Yuba City, CA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Yuba City, CA, 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 timely measure of home price trends than other indices because it only uses data from closed loans.

As of December 2020, the HPI for Yuba City was 275.7, which is a 4.4% increase from December 2019 when the HPI was 263.3.

Yuba City's HPI has been on an upward trend since at least 2013 when the index was at its lowest point of 218.6 during the housing market crash and subsequent Great Recession. Since then, there has been a steady increase in both home equity and home prices in Yuba City.

There are several factors that have contributed to this overall trend. First, there has been population growth in Yuba City as people are moving away from larger metropolitan areas in search of more affordable housing options. This increased demand for housing has put upward pressure on prices. Additionally, low interest rates have made it easier for people to buy homes and also encouraged refinancing activity, which is captured by the HPI.

Looking forward, it is expected that home prices will continue to rise in Yuba City as long as these underlying trends remain in place. This could provide a good opportunity for homeowners to build equity and for potential buyers to enter the market before prices become too unaffordable.