HPI (2025)FHFA
448
Metro Series · South · Rank #9
Home Price History in Miami
FHFA all-transactions House Price Index for the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan statistical area — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+1.6%
5-yr changeFHFA
+72%
Since 2000FHFA
+348%
Miami's housing cycle has been the most dramatic in the modern record. The 2000–2006 boom drove the FHFA index to 3.5× its 2000 base — among the highest of any U.S. metro. The 2007–2011 crash erased almost all of those gains: prices fell -52%, the deepest drawdown in any top-25 MSA. Recovery took until 2018 to reclaim 2006 nominal levels. The 2020–2024 surge has now produced a fresh all-time high — a function of pandemic in-migration, foreign capital, and structural tax-flight from high-income-tax states.
The 2007–2011 housing crisis cut the Miami HPI by 46.0% peak-to-trough — from 253.0 in 2006 to 136.6 in 2011. For context, the U.S. national HPI fell roughly 24% over the same period, so Miami was meaningfully more affected than the national average.
The pandemic-era surge brought the Miami HPI from 249.3 in 2019 to 447.6 in 2025 — a cumulative +79.6% move in 6 years. Compared to the U.S. national HPI's roughly 50% gain over the same period, Miami appreciated noticeably faster the national rate.
Located in the South region of the United States, Miami is one of the 100 largest U.S. metropolitan statistical areas by population. Long-run housing appreciation in Miami reflects a combination of regional employment trends, in-migration patterns, and local supply constraints. The full year-by-year FHFA HPI for Miami is in the data table below.
To compare Miami to the national U.S. housing market, see the national median price history dashboard. Other metros in the South region: see the full metro index. For state-level data, see the state index.
Annual data — Miami
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 | 447.63 | +1.56% |
| 2024 | 440.75 | +7.66% |
| 2023 | 409.39 | +12.33% |
| 2022 | 364.46 | +23.07% |
| 2021 | 296.14 | +13.68% |
| 2020 | 260.50 | +4.50% |
| 2019 | 249.29 | +4.65% |
| 2018 | 238.21 | +7.49% |
| 2017 | 221.62 | +7.94% |
| 2016 | 205.32 | +9.05% |
| 2015 | 188.28 | +9.27% |
| 2014 | 172.30 | +13.78% |
| 2013 | 151.43 | +10.71% |
| 2012 | 136.78 | +0.17% |
| 2011 | 136.55 | -6.13% |
| 2010 | 145.47 | -5.66% |
| 2009 | 154.19 | -24.77% |
| 2008 | 204.95 | -18.21% |
| 2007 | 250.57 | -0.96% |
| 2006 | 252.99 | +18.71% |
| 2005 | 213.12 | +28.31% |
| 2004 | 166.10 | +18.63% |
| 2003 | 140.01 | +11.54% |
| 2002 | 125.52 | +12.56% |
| 2001 | 111.51 | +11.51% |
| 2000 | 100.00 | +8.45% |
| 1999 | 92.21 | +2.84% |
| 1998 | 89.66 | +3.80% |
| 1997 | 86.38 | +1.94% |
| 1996 | 84.74 | +2.47% |
| 1995 | 82.70 | +3.16% |
| 1994 | 80.17 | +2.45% |
| 1993 | 78.25 | +2.87% |
| 1992 | 76.07 | +2.05% |
| 1991 | 74.54 | +1.08% |
| 1990 | 73.74 | +1.65% |
| 1989 | 72.54 | +4.61% |
| 1988 | 69.34 | +6.79% |
| 1987 | 64.93 | +3.29% |
| 1986 | 62.86 | +4.98% |
| 1985 | 59.88 | -1.64% |
| 1984 | 60.88 | +0.02% |
| 1983 | 60.87 | +24.73% |
| 1982 | 48.80 | -8.82% |
| 1981 | 53.52 | +2.43% |
| 1980 | 52.25 | +15.65% |
| 1979 | 45.18 | +14.55% |
| 1978 | 39.44 | +9.77% |
| 1977 | 35.93 | +4.75% |
| 1976 | 34.30 | -5.30% |
| 1975 | 36.22 | — |
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 South census region and rebased to 100 in the year 2000. Coverage begins in 1975 for Miami.