3-digit ZIP regional index
Home appreciation in ZIP codes 015xxSouthbridge Town, MA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 015 changed +2.2% over the year to Q2 2026, compared with +3.2% for Massachusetts and +3.0% for the United States.
The region covers ZIP codes 01501–01590. Most of its 2010 population lived in Worcester County (99%). Communities in the region include Webster, Clinton, Whitinsville, Northborough, Oxford. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.2%
- 5-year change
- +42.3%
- Since Q1 1995
- +306%
- National rank (1 year)
- 636th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 015 vs Massachusetts and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 015: 406.2
- Massachusetts: 471.6
- Worcester, MA metro: 420.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 015 | MA | U.S. | Gap vs MA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.2% | +3.2% | +3.0% | −1.0 pts | −0.8 pts |
| 3 years | +14.6% | +16.1% | +12.9% | −1.4 pts | +1.8 pts |
| 5 years | +42.3% | +41.9% | +41.3% | +0.4 pts | +1.0 pts |
| 10 years | +93.1% | +91.9% | +93.3% | +1.2 pts | −0.3 pts |
| Since Q1 1995 | +306% | +372% | +292% | −65.4 pts | +14.6 pts |
If you bought in ZIP3 015 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +303% | $1,208,779 |
| Q2 2000 | +196% | $889,337 |
| Q2 2005 | +75.3% | $525,971 |
| Q2 2010 | +107% | $620,422 |
| Q2 2015 | +99.0% | $596,958 |
| Q2 2020 | +60.7% | $482,144 |
| Q2 2021 | +42.3% | $426,775 |
| Q2 2023 | +14.6% | $343,831 |
| Q2 2025 | +2.2% | $306,605 |
How ZIP3 015 ranks
Over the past year ZIP3 015 ranks 636th of 882 3-digit ZIP regions nationally and 16th of 18 in Massachusetts. Its one-year change is −0.8 pts versus the nation and −1.0 pts versus Massachusetts. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Massachusetts |
|---|---|---|
| 1 year | 636th of 882 | 16th of 18 |
| 3 years | 481st of 882 | 14th of 18 |
| 5 years | 522nd of 882 | 11th of 18 |
| 10 years | 407th of 882 | 11th of 18 |
| Since Q1 1995 | 284th of 879 | 16th of 18 |
Boom, bust, and recovery in ZIP3 015
ZIP3 015's index peaked in Q1 2006, fell 20.7% to its low in Q2 2012, and regained its peak in Q1 2019, about 13 years after the top. Today it sits +70.6% 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 |
|---|---|---|---|---|---|
| ZIP3 015 | Q1 2006 | Q2 2012 | -20.7% | Q1 2019 (13 yrs) | +70.6% |
| MA | Q1 2006 | Q2 2012 | -17.6% | Q2 2017 (11.2 yrs) | +84.2% |
| Metro | Q1 2006 | Q2 2012 | -23.2% | Q3 2019 (13.5 yrs) | +72.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 015's index has changed +83.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 015 after inflation | MA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.6% | -0.7% | -1.3% | -0.8% |
| 3 years | +9.8% | +4.4% | +5.7% | +4.8% | +2.8% |
| 5 years | +24.0% | +14.7% | +14.4% | +15.9% | +13.9% |
| 10 years | +39.1% | +38.8% | +38.0% | +43.6% | +39.0% |
| Since Q1 1995 | +121% | +83.5% | +113% | +89.8% | +76.8% |
Estimate appreciation for a home in ZIP3 015
Regional estimate
$579,223
- Estimated gain
- $279,223
- Index change
- +93.07%
- Start index
- 210.38
- End index
- 406.19
ZIP3 015 (Southbridge Town, MA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 016 · Worcester, MA area | MA | +0.6% | +45.9% | +363% |
| 017 · Marlborough, MA area | MA | +2.0% | +40.7% | +325% |
| 014 · Leominster, MA area | MA | +3.5% | +46.5% | +332% |
| 024 · Newton, MA area | MA | +3.5% | +32.2% | +395% |
| 029 · Providence, RI area | RI | +4.2% | +57.2% | +351% |
| 020 · Franklin Town, MA area | MA | +3.1% | +41.1% | +356% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 406.19 |
| Q1 2026 | 405.28 |
| Q4 2025 | 401.72 |
| Q3 2025 | 397.46 |
| Q2 2025 | 397.44 |
| Q1 2025 | 391.87 |
| Q4 2024 | 386.50 |
| Q3 2024 | 382.38 |
| Q2 2024 | 377.35 |
| Q1 2024 | 369.36 |
| Q4 2023 | 361.12 |
| Q3 2023 | 359.67 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 015?
- Based on FHFA HPI® data for 3-digit ZIP region 015, the regional index changed +2.2% over the year to Q2 2026, +42.3% over five years, +93.1% over ten years, and +306% since Q1 1995.
- Is ZIP3 015 appreciating faster than Massachusetts and the U.S.?
- Over the past year the region's index +2.2% compares with +3.2% for Massachusetts and +3.0% for the U.S., a gap of −0.8 pts versus the nation. Over five years the gap versus the nation is +1.0 pts.
- Which ZIP codes are in 3-digit ZIP region 015?
- All ZIP codes that begin with 015. Census 2010 ZIP Code Tabulation Areas in this region run from 01501 to 01590 (45 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.