Metro area index
Home appreciation in the Houston-Pasadena-The Woodlands, TX metro area
FHFA HPI® data shows the Houston-Pasadena-The Woodlands, TX metro area's all-transactions index changed +3.4% over the year to Q2 2026, versus +1.6% for Texas and +3.0% for the U.S. That ranks 195th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.4%
- 5-year change
- +32.7%
- Since Q1 1995
- +314%
- Metro rank (1 year)
- 195th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Houston-Pasadena-The Woodlands, TX vs Texas and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Houston-Pasadena-The Woodlands, TX: 414.2
- Texas: 409.6
- United States: 391.6
Appreciation by time window
| Window | Metro | TX | U.S. | Gap vs TX | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +1.6% | +3.0% | +1.8 pts | +0.4 pts |
| 3 years | +7.6% | +6.2% | +12.9% | +1.4 pts | −5.3 pts |
| 5 years | +32.7% | +34.4% | +41.3% | −1.6 pts | −8.6 pts |
| 10 years | +68.8% | +87.1% | +93.3% | −18.3 pts | −24.5 pts |
| Since Q1 1995 | +314% | +310% | +292% | +4.6 pts | +22.6 pts |
3-digit ZIP regions in the Houston-Pasadena-The Woodlands, TX area
Regions with at least 10% of their 2010 population inside the metro, 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 |
|---|---|---|---|---|---|
| 770 · Houston, TX area | TX | +1.9% | +25.5% | +355% | 100% |
| 775 · Pasadena, TX area | TX | +4.7% | +33.5% | +289% | 100% |
| 774 · Sugar Land, TX area | TX | +4.6% | +43.2% | +293% | 91% |
| 773 · Houston, TX area | TX | +3.3% | +43.9% | +292% | 90% |
Boom, bust, and recovery in Houston-Pasadena-The Woodlands, TX area
Houston-Pasadena-The Woodlands, TX area's index peaked in Q1 2009, fell 3.8% to its low in Q2 2011, and regained its peak in Q3 2012, about 3.5 years after the top. Today it sits +121% 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 | Q1 2009 | Q2 2011 | -3.8% | Q3 2012 (3.5 yrs) | +121% |
| TX | Q1 2009 | Q2 2011 | -4.2% | Q2 2013 (4.2 yrs) | +134% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Houston-Pasadena-The Woodlands, TX area's index has changed +87.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | TX after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.5% | -2.2% | -0.8% |
| 3 years | +9.8% | -2.0% | -3.3% | +2.8% |
| 5 years | +24.0% | +7.0% | +8.3% | +13.9% |
| 10 years | +39.1% | +21.4% | +34.5% | +39.0% |
| Since Q1 1995 | +121% | +87.1% | +85.0% | +76.8% |
If you bought in the Houston-Pasadena-The Woodlands, TX 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 | +307% | $1,221,799 |
| Q2 2000 | +222% | $966,680 |
| Q2 2005 | +158% | $774,766 |
| Q2 2010 | +126% | $677,334 |
| Q2 2015 | +75.2% | $525,488 |
| Q2 2020 | +43.2% | $429,673 |
| Q2 2021 | +32.7% | $398,196 |
| Q2 2023 | +7.6% | $322,813 |
| Q2 2025 | +3.4% | $310,193 |
Frequently asked questions
- How much have home prices risen in the Houston-Pasadena-The Woodlands, TX area?
- FHFA HPI® data for the Houston-Pasadena-The Woodlands, TX metro area shows changes of +3.4% over one year, +32.7% over five years, and +68.8% over ten years to Q2 2026, and +314% since Q1 1995.
- Is the Houston-Pasadena-The Woodlands, TX area beating the national average?
- Over the past year the metro's index moved +0.4 pts versus the U.S.; over five years the gap is −8.6 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.