The Bend area had the eighth-highest level of house-price appreciation in the third quarter among 271 metro areas nationwide, according to federal data released Wednesday.

House prices in the Bend-Redmond Metropolitan Statistical Area, which comprises all of Deschutes County, increased 13.18 percent for the 12 months ending Sept. 30, according to the Federal Housing Finance Agency’s House Price Index.

With an increase of 11.71 percent, the Portland, Vancouver, Hillsboro MSA — which comprises five counties in Oregon and two in Washington — ranked 14th. It was the only other Oregon MSA to make the agency’s top 20.

Five Florida metro areas made the top 20, with the Port St. Lucie MSA finishing first. It recorded a 15.79 percent increase in home prices from the third quarter 2014 to the third quarter of this year.

Nationwide, home price values increased 5.7 percent in the same time period, according to the FHFA report. It was the 17th consecutive quarterly increase, according to the index. The Federal Housing Finance Agency calculates the index by tracking average changes in house prices in repeat sales or refinancings on the same single-family homes.

“The long-anticipated slowdown in home price appreciation did not occur in the third quarter,” Andrew Leventis, the agency’s principal economist, said in the report. “The factors that have contributed to extraordinary price growth over the last few years — low interest rates, tight inventories, strong buyer confidence, and improving income growth — continued to drive prices upward in much of the country.

“However, as prices continue to rise, reduced affordability will be a stronger market headwind.”

At the state level, Oregon had the fourth-highest level of price appreciation. It saw a 10 percent increase in house prices between the third quarter of 2014 and the third quarter of this year. Washington, D.C., Colorado and Nevada had the three highest rates: 15.4 percent, 12.7 percent and 12.4 percent, respectively.

The Bend-Redmond MSA typically ranks higher nationally in the third quarter, which includes the summer months. It finished eighth in the third quarters of 2014 and 2013 and 10th in the third quarter of 2012.

In October, the median price for a single-family home in Bend reached $341,000, according to the latest report from the Beacon Appraisal Group. In Redmond it was $233,000.

The median price equals the midpoint, with half the prices above it and half below.