3-digit ZIP regional index
Home appreciation in ZIP codes 017xxMarlborough, MA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 017 changed +2.0% over the year to Q2 2026, compared with +3.2% for Massachusetts and +3.0% for the United States.
The region covers ZIP codes 01701–01778. Most of its 2010 population lived in Middlesex County (86%), Worcester County (14%). Communities in the region include Framingham, Milford, Hudson, Maynard, Cochituate. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.0%
- 5-year change
- +40.7%
- Since Q1 1995
- +325%
- National rank (1 year)
- 655th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 017 vs Massachusetts and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 017: 425.4
- Massachusetts: 471.6
- Cambridge-Newton-Framingham, MA metro: 479.8
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 017 | MA | U.S. | Gap vs MA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.0% | +3.2% | +3.0% | −1.1 pts | −1.0 pts |
| 3 years | +14.0% | +16.1% | +12.9% | −2.1 pts | +1.1 pts |
| 5 years | +40.7% | +41.9% | +41.3% | −1.1 pts | −0.5 pts |
| 10 years | +82.9% | +91.9% | +93.3% | −9.0 pts | −10.5 pts |
| Since Q1 1995 | +325% | +372% | +292% | −46.1 pts | +33.9 pts |
If you bought in ZIP3 017 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 | +318% | $1,255,109 |
| Q2 2000 | +185% | $856,361 |
| Q2 2005 | +82.8% | $548,271 |
| Q2 2010 | +110% | $631,498 |
| Q2 2015 | +89.9% | $569,786 |
| Q2 2020 | +55.3% | $466,031 |
| Q2 2021 | +40.7% | $422,217 |
| Q2 2023 | +14.0% | $341,874 |
| Q2 2025 | +2.0% | $306,065 |
How ZIP3 017 ranks
Over the past year ZIP3 017 ranks 655th of 882 3-digit ZIP regions nationally and 17th of 18 in Massachusetts. Its one-year change is −1.0 pts versus the nation and −1.1 pts versus Massachusetts. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Massachusetts |
|---|---|---|
| 1 year | 655th of 882 | 17th of 18 |
| 3 years | 528th of 882 | 16th of 18 |
| 5 years | 559th of 882 | 14th of 18 |
| 10 years | 571st of 882 | 17th of 18 |
| Since Q1 1995 | 216th of 879 | 14th of 18 |
Boom, bust, and recovery in ZIP3 017
ZIP3 017's index peaked in Q3 2005, fell 15.7% to its low in Q1 2012, and regained its peak in Q4 2016, about 11.2 years after the top. Today it sits +79.9% 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 017 | Q3 2005 | Q1 2012 | -15.7% | Q4 2016 (11.2 yrs) | +79.9% |
| MA | Q1 2006 | Q2 2012 | -17.6% | Q2 2017 (11.2 yrs) | +84.2% |
| Metro | Q3 2005 | Q2 2011 | -14.9% | Q1 2016 (10.5 yrs) | +92.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 017's index has changed +92.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 017 after inflation | MA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.8% | -0.7% | -1.0% | -0.8% |
| 3 years | +9.8% | +3.8% | +5.7% | +4.5% | +2.8% |
| 5 years | +24.0% | +13.5% | +14.4% | +12.6% | +13.9% |
| 10 years | +39.1% | +31.5% | +38.0% | +35.4% | +39.0% |
| Since Q1 1995 | +121% | +92.2% | +113% | +117% | +76.8% |
Estimate appreciation for a home in ZIP3 017
Regional estimate
$548,601
- Estimated gain
- $248,601
- Index change
- +82.87%
- Start index
- 232.65
- End index
- 425.44
ZIP3 017 (Marlborough, 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 |
|---|---|---|---|---|
| 024 · Newton, MA area | MA | +3.5% | +32.2% | +395% |
| 022 · Boston, MA area | MA | +3.2% | +39.7% | +402% |
| 016 · Worcester, MA area | MA | +0.6% | +45.9% | +363% |
| 015 · Southbridge Town, MA area | MA | +2.2% | +42.3% | +306% |
| 021 · Boston, MA area | MA | +3.2% | +34.4% | +492% |
| 020 · Franklin Town, MA area | MA | +3.1% | +41.1% | +356% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 425.44 |
| Q1 2026 | 416.87 |
| Q4 2025 | 419.67 |
| Q3 2025 | 416.96 |
| Q2 2025 | 417.01 |
| Q1 2025 | 409.00 |
| Q4 2024 | 403.39 |
| Q3 2024 | 401.11 |
| Q2 2024 | 401.79 |
| Q1 2024 | 389.90 |
| Q4 2023 | 385.08 |
| Q3 2023 | 384.27 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 017?
- Based on FHFA HPI® data for 3-digit ZIP region 017, the regional index changed +2.0% over the year to Q2 2026, +40.7% over five years, +82.9% over ten years, and +325% since Q1 1995.
- Is ZIP3 017 appreciating faster than Massachusetts and the U.S.?
- Over the past year the region's index +2.0% compares with +3.2% for Massachusetts and +3.0% for the U.S., a gap of −1.0 pts versus the nation. Over five years the gap versus the nation is −0.5 pts.
- Which ZIP codes are in 3-digit ZIP region 017?
- All ZIP codes that begin with 017. Census 2010 ZIP Code Tabulation Areas in this region run from 01701 to 01778 (27 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.