Metro area index
Home appreciation in the Cambridge-Newton-Framingham, MA metropolitan division
FHFA HPI® data shows the Cambridge-Newton-Framingham, MA metropolitan division's all-transactions index changed +2.9% over the year to Q2 2026, versus +3.2% for Massachusetts and +3.0% for the U.S. That ranks 232nd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.9%
- 5-year change
- +39.7%
- Since Q1 1995
- +380%
- Metro rank (1 year)
- 232nd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Cambridge-Newton-Framingham, MA vs Massachusetts and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Cambridge-Newton-Framingham, MA: 479.8
- Massachusetts: 471.6
- United States: 391.6
Appreciation by time window
| Window | Metro | MA | U.S. | Gap vs MA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.9% | +3.2% | +3.0% | −0.3 pts | −0.2 pts |
| 3 years | +14.8% | +16.1% | +12.9% | −1.3 pts | +1.9 pts |
| 5 years | +39.7% | +41.9% | +41.3% | −2.2 pts | −1.6 pts |
| 10 years | +88.3% | +91.9% | +93.3% | −3.6 pts | −5.1 pts |
| Since Q1 1995 | +380% | +372% | +292% | +8.3 pts | +88.3 pts |
3-digit ZIP regions in the Cambridge-Newton-Framingham, MA area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 018 · Lowell, MA area | MA | +2.7% | +40.8% | +383% | 100% |
| 019 · Lynn, MA area | MA | +3.6% | +39.5% | +385% | 100% |
| 017 · Marlborough, MA area | MA | +2.0% | +40.7% | +325% | 86% |
| 024 · Newton, MA area | MA | +3.5% | +32.2% | +395% | 70% |
| 021 · Boston, MA area | MA | +3.2% | +34.4% | +492% | 30% |
| 014 · Leominster, MA area | MA | +3.5% | +46.5% | +332% | 27% |
Boom, bust, and recovery in Cambridge-Newton-Framingham, MA area
Cambridge-Newton-Framingham, MA area's index peaked in Q3 2005, fell 14.9% to its low in Q2 2011, and regained its peak in Q1 2016, about 10.5 years after the top. Today it sits +92.1% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q3 2005 | Q2 2011 | -14.9% | Q1 2016 (10.5 yrs) | +92.1% |
| MA | Q1 2006 | Q2 2012 | -17.6% | Q2 2017 (11.2 yrs) | +84.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Cambridge-Newton-Framingham, MA area's index has changed +117% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | MA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.0% | -0.7% | -0.8% |
| 3 years | +9.8% | +4.5% | +5.7% | +2.8% |
| 5 years | +24.0% | +12.6% | +14.4% | +13.9% |
| 10 years | +39.1% | +35.4% | +38.0% | +39.0% |
| Since Q1 1995 | +121% | +117% | +113% | +76.8% |
If you bought in the Cambridge-Newton-Framingham, MA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +372% | $1,415,706 |
| Q2 2000 | +213% | $939,676 |
| Q2 2005 | +95.0% | $584,945 |
| Q2 2010 | +123% | $669,032 |
| Q2 2015 | +97.9% | $593,604 |
| Q2 2020 | +54.6% | $463,679 |
| Q2 2021 | +39.7% | $418,968 |
| Q2 2023 | +14.8% | $344,326 |
| Q2 2025 | +2.8% | $308,539 |
Frequently asked questions
- How much have home prices risen in the Cambridge-Newton-Framingham, MA area?
- FHFA HPI® data for the Cambridge-Newton-Framingham, MA metropolitan division shows changes of +2.9% over one year, +39.7% over five years, and +88.3% over ten years to Q2 2026, and +380% since Q1 1995.
- Is the Cambridge-Newton-Framingham, MA area beating the national average?
- Over the past year the metro's index moved −0.2 pts versus the U.S.; over five years the gap is −1.6 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.