If U.S. house prices had applied to $10,000 starting in 2000
$10,000 in U.S. house prices (FHFA HPI) in Jan 2000 would be worth $32,947 by Aug 2026 (3.29×, 4.6% a year).
Data: FHFA HPI® (Purchase-Only, NSA); inflation: BLS CPI-U. Historical illustration, not financial advice; ignores fees, storage and taxes. Details
Why this start year
This is not a claim about buying a particular house. It applies the official FHFA House Price Index® (Purchase-Only, not seasonally adjusted, national monthly series) to a $10,000 notional amount starting in January 2000, before the mid-2000s housing boom.
The index is a constant-quality repeat-sales measure (January 1991 = 100). It does not include a mortgage, property taxes, insurance, maintenance, selling costs, or rent you would have paid or received. A leveraged home purchase would have produced a very different dollar outcome, in both directions. Use the inflation toggle to see the same path in 2000 dollars.
The official FHFA House Price Index®, Purchase-Only, United States, not seasonally adjusted, monthly. It is a constant-quality repeat-sales index (January 1991 = 100), not a median sale price and not the value of any particular house. It does not include leverage, upkeep, property taxes, insurance, selling costs, or rent.
Frequently asked questions
How much would $10,000 in U.S. house prices (FHFA HPI) in 2000 be worth now?
About $32,947 as of Aug 2026 (3.29×, 4.6% CAGR), using the official series cited below.
What about $1,000 instead of $10,000?
About $3,295 as of Aug 2026. For a lump sum with no contributions, the multiple is the same (3.29×).
How much of that is inflation?
In Jan 2000 dollars the ending value is about $16,602 (1.66× after CPI-U). Consumer prices rose 1.98× over the span.
Sources & caveats
Not financial advice. This is a historical thought experiment, not a recommendation to buy or sell anything. Past performance is not indicative of future results. Figures use the official FHFA House Price Index® (Purchase-Only, not seasonally adjusted, U.S.). This is a constant-quality index, not the price of any particular house, and it ignores mortgage leverage, maintenance, taxes, insurance, transaction costs, and rental income. A real investment would have returned something different.
- Source: FHFA HPI® (Purchase-Only, not seasonally adjusted, nominal), United States monthly index. This site is not endorsed or certified by FHFA.
- License and terms: Official FHFA FAQ: the FHFA HPI data are freely available for download. Suggested citation: “Source: FHFA HPI® (Purchase-Only, not seasonally adjusted, nominal).” “FHFA HPI®” and “FHFA House Price Index®” are registered trademarks and must not be used to imply FHFA endorsement.
- Series window used here: Jan 2000 through Aug 2026.