Metro area index
Home appreciation in the Sierra Vista-Douglas, AZ metro area
FHFA HPI® data shows the Sierra Vista-Douglas, AZ metro area's all-transactions index changed -0.8% over the year to Q2 2026, versus +0.9% for Arizona and +3.0% for the U.S. That ranks 385th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- -0.8%
- 5-year change
- +39.4%
- Since Q1 1995
- +223%
- Metro rank (1 year)
- 385th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Sierra Vista-Douglas, AZ vs Arizona and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Sierra Vista-Douglas, AZ: 322.9
- Arizona: 471.5
- United States: 391.6
Appreciation by time window
| Window | Metro | AZ | U.S. | Gap vs AZ | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -0.8% | +0.9% | +3.0% | −1.7 pts | −3.8 pts |
| 3 years | +10.5% | +8.2% | +12.9% | +2.3 pts | −2.4 pts |
| 5 years | +39.4% | +36.3% | +41.3% | +3.2 pts | −1.9 pts |
| 10 years | +97.1% | +116% | +93.3% | −19.0 pts | +3.8 pts |
| Since Q1 1995 | +223% | +372% | +292% | −148.6 pts | −68.6 pts |
3-digit ZIP regions in the Sierra Vista-Douglas, AZ 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 |
|---|---|---|---|---|---|
| 856 · Sierra Vista, AZ area | AZ | +0.1% | +40.6% | +227% | 44% |
Boom, bust, and recovery in Sierra Vista-Douglas, AZ area
Sierra Vista-Douglas, AZ area's index peaked in Q2 2007, fell 28.3% to its low in Q2 2015, and regained its peak in Q1 2021, about 13.8 years after the top. Today it sits +49.3% 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 | Q2 2007 | Q2 2015 | -28.3% | Q1 2021 (13.8 yrs) | +49.3% |
| AZ | Q4 2006 | Q2 2011 | -46.0% | Q3 2019 (12.8 yrs) | +72.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Sierra Vista-Douglas, AZ area's index has changed +45.9% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | AZ after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -4.5% | -2.8% | -0.8% |
| 3 years | +9.8% | +0.6% | -1.4% | +2.8% |
| 5 years | +24.0% | +12.4% | +9.9% | +13.9% |
| 10 years | +39.1% | +41.7% | +55.4% | +39.0% |
| Since Q1 1995 | +121% | +45.9% | +113% | +76.8% |
If you bought in the Sierra Vista-Douglas, AZ 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 | +204% | $910,945 |
| Q2 2000 | +183% | $849,443 |
| Q2 2005 | +77.2% | $531,747 |
| Q2 2010 | +75.6% | $526,745 |
| Q2 2015 | +108% | $624,502 |
| Q2 2020 | +62.3% | $486,976 |
| Q2 2021 | +39.4% | $418,321 |
| Q2 2023 | +10.5% | $331,471 |
| Q2 2025 | -0.8% | $297,567 |
Frequently asked questions
- How much have home prices risen in the Sierra Vista-Douglas, AZ area?
- FHFA HPI® data for the Sierra Vista-Douglas, AZ metro area shows changes of -0.8% over one year, +39.4% over five years, and +97.1% over ten years to Q2 2026, and +223% since Q1 1995.
- Is the Sierra Vista-Douglas, AZ area beating the national average?
- Over the past year the metro's index moved −3.8 pts versus the U.S.; over five years the gap is −1.9 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.