HPI (2025)FHFA
259
State Series · South Region
Home Price History in North Carolina
FHFA all-transactions House Price Index for the state of North Carolina — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+2.5%
5-yr changeFHFA
+60%
Since 2000FHFA
+159%
North Carolina's FHFA all-transactions House Price Index runs from 1975 through 2025. The state-level HPI, rebased to 100 in 2000, stood at 259.5 at the latest reading. Cumulative nominal appreciation since 2000: +159.5%.
The 2007–2011 housing crisis cut the North Carolina HPI by 13.8% peak-to-trough — from 135.7 in 2008 to 117.0 in 2012. The U.S. national HPI fell roughly 21% over the same window, so North Carolina's drawdown was milder than the national average.
The pandemic-era surge brought North Carolina's HPI from 155.5 in 2019 to 259.5 in 2025 — a +66.8% cumulative gain in 6 years, running above the national pace.
North Carolina sits in the South 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 North Carolina covered by The Housing Almanac:
- Charlotte (national rank #22)
- Raleigh (national rank #43)
- Greensboro (national rank #73)
- Winston-Salem (national rank #88)
- Asheville (national rank #99)
For the U.S. national context, see the national median price history or browse all 50 states.
Annual data — North Carolina
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 | 259.48 | +2.50% |
| 2024 | 253.15 | +5.24% |
| 2023 | 240.55 | +8.81% |
| 2022 | 221.07 | +20.91% |
| 2021 | 182.84 | +12.99% |
| 2020 | 161.82 | +4.05% |
| 2019 | 155.52 | +5.46% |
| 2018 | 147.47 | +6.45% |
| 2017 | 138.54 | +5.44% |
| 2016 | 131.39 | +4.63% |
| 2015 | 125.58 | +3.85% |
| 2014 | 120.92 | +2.55% |
| 2013 | 117.91 | +0.80% |
| 2012 | 116.97 | -2.51% |
| 2011 | 119.98 | -3.78% |
| 2010 | 124.69 | -5.34% |
| 2009 | 131.73 | -2.94% |
| 2008 | 135.72 | +1.11% |
| 2007 | 134.23 | +4.86% |
| 2006 | 128.01 | +7.20% |
| 2005 | 119.41 | +6.58% |
| 2004 | 112.04 | +3.41% |
| 2003 | 108.35 | +1.59% |
| 2002 | 106.65 | +2.31% |
| 2001 | 104.24 | +4.24% |
| 2000 | 100.00 | +4.69% |
| 1999 | 95.52 | +3.44% |
| 1998 | 92.34 | +3.74% |
| 1997 | 89.01 | +4.75% |
| 1996 | 84.97 | +4.00% |
| 1995 | 81.70 | +5.71% |
| 1994 | 77.29 | +3.87% |
| 1993 | 74.41 | +1.82% |
| 1992 | 73.08 | +1.78% |
| 1991 | 71.80 | +1.58% |
| 1990 | 70.68 | +1.95% |
| 1989 | 69.33 | +3.02% |
| 1988 | 67.30 | +5.09% |
| 1987 | 64.04 | +4.79% |
| 1986 | 61.11 | +4.78% |
| 1985 | 58.32 | +7.15% |
| 1984 | 54.43 | +8.32% |
| 1983 | 50.25 | +3.67% |
| 1982 | 48.47 | +2.84% |
| 1981 | 47.13 | +6.12% |
| 1980 | 44.41 | +8.42% |
| 1979 | 40.96 | +10.26% |
| 1978 | 37.15 | +11.26% |
| 1977 | 33.39 | +8.09% |
| 1976 | 30.89 | +4.22% |
| 1975 | 29.64 | — |
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.