3-digit ZIP regional index
Home appreciation in ZIP codes 022xxBoston, MA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 022 changed +3.2% over the year to Q2 2026, compared with +3.2% for Massachusetts and +3.0% for the United States.
The region covers ZIP codes 02203–02215. Most of its 2010 population lived in Suffolk County (100%). Communities in the region include Brookline. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.2%
- 5-year change
- +39.7%
- Since Q1 1995
- +402%
- National rank (1 year)
- 510th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 022 vs Massachusetts and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 022: 502.1
- Massachusetts: 471.6
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 022 | MA | U.S. | Gap vs MA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.2% | +3.2% | +3.0% | +0.0 pts | +0.2 pts |
| 3 years | +15.7% | +16.1% | +12.9% | −0.3 pts | +2.9 pts |
| 5 years | +39.7% | +41.9% | +41.3% | −2.1 pts | −1.5 pts |
| 10 years | +88.1% | +91.9% | +93.3% | −3.8 pts | −5.2 pts |
| Since Q1 1995 | +402% | +372% | +292% | +30.6 pts | +110.6 pts |
If you bought in ZIP3 022 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 | +391% | $1,471,803 |
| Q2 2000 | +227% | $980,085 |
| Q2 2005 | +87.9% | $563,832 |
| Q2 2010 | +120% | $659,800 |
| Q2 2015 | +98.8% | $596,496 |
| Q2 2020 | +55.6% | $466,736 |
| Q2 2021 | +39.7% | $419,210 |
| Q2 2023 | +15.7% | $347,190 |
| Q2 2025 | +3.2% | $309,613 |
How ZIP3 022 ranks
Over the past year ZIP3 022 ranks 510th of 882 3-digit ZIP regions nationally and 13th of 18 in Massachusetts. Its one-year change is +0.2 pts versus the nation and +0.0 pts versus Massachusetts. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Massachusetts |
|---|---|---|
| 1 year | 510th of 882 | 13th of 18 |
| 3 years | 416th of 882 | 11th of 18 |
| 5 years | 589th of 882 | 15th of 18 |
| 10 years | 494th of 882 | 13th of 18 |
| Since Q1 1995 | 76th of 879 | 5th of 18 |
Boom, bust, and recovery in ZIP3 022
ZIP3 022's index peaked in Q1 2006, fell 17.9% to its low in Q2 2011, and regained its peak in Q4 2016, about 10.8 years after the top. Today it sits +84.2% 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 022 | Q1 2006 | Q2 2011 | -17.9% | Q4 2016 (10.8 yrs) | +84.2% |
| MA | Q1 2006 | Q2 2012 | -17.6% | Q2 2017 (11.2 yrs) | +84.2% |
| Metro | Q1 2006 | Q2 2011 | -17.9% | Q4 2016 (10.8 yrs) | +84.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 022's index has changed +127% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 022 after inflation | MA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.6% | -0.7% | -0.6% | -0.8% |
| 3 years | +9.8% | +5.4% | +5.7% | +5.4% | +2.8% |
| 5 years | +24.0% | +12.7% | +14.4% | +12.7% | +13.9% |
| 10 years | +39.1% | +35.3% | +38.0% | +35.3% | +39.0% |
| Since Q1 1995 | +121% | +127% | +113% | +127% | +76.8% |
Estimate appreciation for a home in ZIP3 022
Regional estimate
$564,360
- Estimated gain
- $264,360
- Index change
- +88.12%
- Start index
- 266.92
- End index
- 502.13
ZIP3 022 (Boston, MA area), Q2 2016 to Q2 2026. Index type: MSA/MSAD Index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 021 · Boston, MA area | MA | +3.2% | +34.4% | +492% |
| 024 · Newton, MA area | MA | +3.5% | +32.2% | +395% |
| 020 · Franklin Town, MA area | MA | +3.1% | +41.1% | +356% |
| 017 · Marlborough, MA area | MA | +2.0% | +40.7% | +325% |
| 019 · Lynn, MA area | MA | +3.6% | +39.5% | +385% |
| 018 · Lowell, MA area | MA | +2.7% | +40.8% | +383% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 502.13 |
| Q1 2026 | 498.13 |
| Q4 2025 | 494.56 |
| Q3 2025 | 490.56 |
| Q2 2025 | 486.54 |
| Q1 2025 | 475.34 |
| Q4 2024 | 471.92 |
| Q3 2024 | 470.48 |
| Q2 2024 | 465.40 |
| Q1 2024 | 451.55 |
| Q4 2023 | 447.48 |
| Q3 2023 | 441.50 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 022?
- Based on FHFA HPI® data for 3-digit ZIP region 022, the regional index changed +3.2% over the year to Q2 2026, +39.7% over five years, +88.1% over ten years, and +402% since Q1 1995.
- Is ZIP3 022 appreciating faster than Massachusetts and the U.S.?
- Over the past year the region's index +3.2% compares with +3.2% for Massachusetts and +3.0% for the U.S., a gap of +0.2 pts versus the nation. Over five years the gap versus the nation is −1.5 pts.
- Which ZIP codes are in 3-digit ZIP region 022?
- All ZIP codes that begin with 022. Census 2010 ZIP Code Tabulation Areas in this region run from 02203 to 02215 (3 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.