HPI (2025)FHFA
282
Metro Series · Northeast · Rank #11
Home Price History in Boston
FHFA all-transactions House Price Index for the Boston-Cambridge-Newton, MA-NH metropolitan statistical area — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+4.0%
5-yr changeFHFA
+49%
Since 2000FHFA
+182%
Boston's housing market has shown remarkable consistency. The 2007–2011 drawdown was one of the mildest in any major metro at -10%, reflecting the metro's heavy mix of education, healthcare, and biotech employment. Post-2012 appreciation has been steady; the 2020–2022 surge was significant but not extreme. The Boston HPI in 2024 is roughly 2.6× its 2000 base — typical of Northeast metros with strong knowledge-economy anchors.
The 2007–2011 housing crisis cut the Boston HPI by 17.2% peak-to-trough — from 159.5 in 2006 to 132.0 in 2012. For context, the U.S. national HPI fell roughly 24% over the same period, so Boston was meaningfully less affected than the national average.
The pandemic-era surge brought the Boston HPI from 183.6 in 2019 to 282.4 in 2025 — a cumulative +53.8% move in 6 years. Compared to the U.S. national HPI's roughly 50% gain over the same period, Boston appreciated roughly in line with the national rate.
Located in the Northeast region of the United States, Boston is one of the 100 largest U.S. metropolitan statistical areas by population. Long-run housing appreciation in Boston reflects a combination of regional employment trends, in-migration patterns, and local supply constraints. The full year-by-year FHFA HPI for Boston is in the data table below.
To compare Boston to the national U.S. housing market, see the national median price history dashboard. Other metros in the Northeast region: see the full metro index. For state-level data, see the state index.
Annual data — Boston
FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.
| Year | HPI (2000=100) | YoY change |
|---|---|---|
| 2025 | 282.44 | +3.97% |
| 2024 | 271.66 | +6.24% |
| 2023 | 255.71 | +7.88% |
| 2022 | 237.04 | +13.33% |
| 2021 | 209.15 | +10.63% |
| 2020 | 189.05 | +2.95% |
| 2019 | 183.64 | +4.31% |
| 2018 | 176.06 | +5.46% |
| 2017 | 166.94 | +6.17% |
| 2016 | 157.24 | +5.39% |
| 2015 | 149.20 | +3.99% |
| 2014 | 143.48 | +6.10% |
| 2013 | 135.23 | +2.42% |
| 2012 | 132.04 | -0.88% |
| 2011 | 133.21 | -2.01% |
| 2010 | 135.94 | -2.02% |
| 2009 | 138.74 | -5.90% |
| 2008 | 147.44 | -4.38% |
| 2007 | 154.20 | -3.33% |
| 2006 | 159.51 | +0.36% |
| 2005 | 158.94 | +9.31% |
| 2004 | 145.40 | +9.77% |
| 2003 | 132.46 | +7.14% |
| 2002 | 123.63 | +10.69% |
| 2001 | 111.69 | +11.69% |
| 2000 | 100.00 | +17.86% |
| 1999 | 84.85 | +9.27% |
| 1998 | 77.65 | +6.97% |
| 1997 | 72.59 | +5.05% |
| 1996 | 69.10 | +3.80% |
| 1995 | 66.57 | +2.67% |
| 1994 | 64.84 | +0.75% |
| 1993 | 64.36 | -0.34% |
| 1992 | 64.58 | -1.34% |
| 1991 | 65.46 | -6.46% |
| 1990 | 69.98 | -4.59% |
| 1989 | 73.35 | -0.04% |
| 1988 | 73.38 | +5.33% |
| 1987 | 69.67 | +11.31% |
| 1986 | 62.59 | +19.42% |
| 1985 | 52.41 | +24.08% |
| 1984 | 42.24 | +27.11% |
| 1983 | 33.23 | +8.24% |
| 1982 | 30.70 | +3.47% |
| 1981 | 29.67 | +17.27% |
| 1980 | 25.30 | +12.05% |
| 1979 | 22.58 | +19.66% |
| 1978 | 18.87 | +12.19% |
| 1977 | 16.82 | +5.99% |
| 1976 | 15.87 | +0.89% |
| 1975 | 15.73 | — |
Methodology
The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is calibrated to the Northeast census region and rebased to 100 in the year 2000. Coverage begins in 1975 for Boston.