Home Price Index Forecast

Access HouseCanary's proprietary forecasted price return metrics for a ZIP code, derived from the HouseCanary home price index (HPI).

Source: HouseCanary

Pricing Tier: Premium

Updated: Monthly

Request Query Params

<table><tr><th>Property</th><th>Type</th><th>Description</th><th>Example</th></tr> <tr><td>zipcode</td><td>string</td><td>5-digit zipcode</td><td>33019</td> </tr> </table>

Response

<table><tr><th>Field</th><th>Type</th><th>Description</th><th>Example</th></tr> <tr><td>cagr_12mo_f</td><td>number</td><td>Forecast 1-year compound annual growth rate (CAGR)</td><td>0.035</td> </tr> <tr><td>cagr_24mo_f</td><td>number</td><td>Forecast 2-year compound annual growth rate (CAGR)</td><td>0.045</td> </tr> <tr><td>cagr_36mo_f</td><td>number</td><td>Forecast 3-year compound annual growth rate (CAGR)</td><td>0.055</td> </tr> <tr><td>returns_12mo_f</td><td>number</td><td>Forecast home price appreciation for the next 12 months based on HPI forecast</td><td>0.06</td> </tr> <tr><td>returns_24mo_f</td><td>number</td><td>Forecast home price appreciation for the next 24 months based on HPI forecast</td><td>0.12</td> </tr> <tr><td>returns_36mo_f</td><td>number</td><td>Forecast home price appreciation for the next 36 months based on HPI forecast</td><td>0.18</td> </tr> <tr><td>max_12mo_loss</td><td>number</td><td>Historical max percent loss in HPI over a 12 month period</td><td>-0.08</td> </tr> <tr><td>risk_12mo_loss</td><td>number</td><td>Probability that this market's HPI will be lower 12 months from now than the current HPI</td><td>0.25</td> </tr> </table>

[
  {
    "zip/hpi_forecast": {
      "result": {
        "cagr_12mo_f": 0.035,
        "cagr_24mo_f": 0.045,
        "cagr_36mo_f": 0.055,
        "returns_12mo_f": 0.06,
        "returns_24mo_f": 0.12,
        "returns_36mo_f": 0.18,
        "max_12mo_loss": -0.08,
        "risk_12mo_loss": 0.25
      }
    },
    "zipcode_info": {
      "zip": "33019"
    }
  }
]