HPI (2025)FHFA
276
State Series · Northeast Region
Home Price History in Massachusetts
FHFA all-transactions House Price Index for the state of Massachusetts — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+3.7%
5-yr changeFHFA
+49%
Since 2000FHFA
+176%
Massachusetts's FHFA all-transactions House Price Index runs from 1975 through 2025. The state-level HPI, rebased to 100 in 2000, stood at 275.9 at the latest reading. Cumulative nominal appreciation since 2000: +175.9%.
The 2007–2011 housing crisis cut the Massachusetts HPI by 18.7% peak-to-trough — from 163.3 in 2006 to 132.8 in 2012. The U.S. national HPI fell roughly 21% over the same window, so Massachusetts's drawdown was in line with the national average.
The pandemic-era surge brought Massachusetts's HPI from 179.3 in 2019 to 275.9 in 2025 — a +53.9% cumulative gain in 6 years, running above the national pace.
Massachusetts sits in the Northeast census region of the United States. Long-run state-level home-price appreciation reflects regional employment patterns, in-migration flows, and supply constraints. State-level FHFA series can mask significant intra-state divergence — see the linked metro pages below for sub-state breakdowns where available.
Metros in Massachusetts covered by The Housing Almanac:
- Boston (national rank #11)
- Worcester (national rank #58)
- Springfield (national rank #94)
For the U.S. national context, see the national median price history or browse all 50 states.
Annual data — Massachusetts
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 | 275.90 | +3.66% |
| 2024 | 266.17 | +6.40% |
| 2023 | 250.15 | +7.68% |
| 2022 | 232.30 | +13.22% |
| 2021 | 205.18 | +10.99% |
| 2020 | 184.87 | +3.12% |
| 2019 | 179.27 | +4.15% |
| 2018 | 172.12 | +5.35% |
| 2017 | 163.38 | +5.65% |
| 2016 | 154.64 | +4.88% |
| 2015 | 147.44 | +3.60% |
| 2014 | 142.32 | +5.23% |
| 2013 | 135.25 | +1.84% |
| 2012 | 132.81 | -1.27% |
| 2011 | 134.52 | -2.38% |
| 2010 | 137.80 | -2.43% |
| 2009 | 141.23 | -5.91% |
| 2008 | 150.10 | -4.89% |
| 2007 | 157.82 | -3.33% |
| 2006 | 163.26 | +1.03% |
| 2005 | 161.60 | +9.83% |
| 2004 | 147.13 | +10.62% |
| 2003 | 133.00 | +7.71% |
| 2002 | 123.48 | +10.82% |
| 2001 | 111.42 | +11.42% |
| 2000 | 100.00 | +16.97% |
| 1999 | 85.49 | +8.50% |
| 1998 | 78.79 | +6.04% |
| 1997 | 74.30 | +4.38% |
| 1996 | 71.18 | +3.26% |
| 1995 | 68.93 | +2.16% |
| 1994 | 67.47 | +0.34% |
| 1993 | 67.24 | -0.96% |
| 1992 | 67.89 | -1.67% |
| 1991 | 69.04 | -5.97% |
| 1990 | 73.42 | -4.28% |
| 1989 | 76.70 | +0.33% |
| 1988 | 76.45 | +6.49% |
| 1987 | 71.79 | +12.40% |
| 1986 | 63.87 | +19.16% |
| 1985 | 53.60 | +23.16% |
| 1984 | 43.52 | +26.18% |
| 1983 | 34.49 | +8.02% |
| 1982 | 31.93 | +4.07% |
| 1981 | 30.68 | +16.34% |
| 1980 | 26.37 | +12.55% |
| 1979 | 23.43 | +17.15% |
| 1978 | 20.00 | +13.70% |
| 1977 | 17.59 | +5.52% |
| 1976 | 16.67 | +1.83% |
| 1975 | 16.37 | — |
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.