3-digit ZIP regional index
Home appreciation in ZIP codes 024xxNewton, MA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 024 changed +3.5% over the year to Q2 2026, compared with +3.2% for Massachusetts and +3.0% for the United States.
The region covers ZIP codes 02420–02494. Most of its 2010 population lived in Middlesex County (70%), Norfolk County (28%). Communities in the region include Waltham, Brookline, Arlington, Watertown Town, Lexington. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.5%
- 5-year change
- +32.2%
- Since Q1 1995
- +395%
- National rank (1 year)
- 457th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 024 vs Massachusetts and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 024: 494.6
- 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 024 | MA | U.S. | Gap vs MA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.5% | +3.2% | +3.0% | +0.4 pts | +0.5 pts |
| 3 years | +13.1% | +16.1% | +12.9% | −3.0 pts | +0.2 pts |
| 5 years | +32.2% | +41.9% | +41.3% | −9.7 pts | −9.1 pts |
| 10 years | +64.2% | +91.9% | +93.3% | −27.7 pts | −29.2 pts |
| Since Q1 1995 | +395% | +372% | +292% | +23.1 pts | +103.1 pts |
If you bought in ZIP3 024 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 | +387% | $1,459,660 |
| Q2 2000 | +206% | $918,192 |
| Q2 2005 | +107% | $621,707 |
| Q2 2010 | +113% | $639,029 |
| Q2 2015 | +74.2% | $522,552 |
| Q2 2020 | +40.0% | $419,973 |
| Q2 2021 | +32.2% | $396,571 |
| Q2 2023 | +13.1% | $339,260 |
| Q2 2025 | +3.5% | $310,626 |
How ZIP3 024 ranks
Over the past year ZIP3 024 ranks 457th of 882 3-digit ZIP regions nationally and 9th of 18 in Massachusetts. Its one-year change is +0.5 pts versus the nation and +0.4 pts versus Massachusetts. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Massachusetts |
|---|---|---|
| 1 year | 457th of 882 | 9th of 18 |
| 3 years | 579th of 882 | 18th of 18 |
| 5 years | 768th of 882 | 18th of 18 |
| 10 years | 795th of 882 | 18th of 18 |
| Since Q1 1995 | 83rd of 879 | 6th of 18 |
Boom, bust, and recovery in ZIP3 024
ZIP3 024's index peaked in Q3 2005, fell 4.7% to its low in Q3 2009, and regained its peak in Q1 2013, about 7.5 years after the top. Today it sits +104% 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 024 | Q3 2005 | Q3 2009 | -4.7% | Q1 2013 (7.5 yrs) | +104% |
| 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 024's index has changed +123% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 024 after inflation | MA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.3% | -0.7% | -1.0% | -0.8% |
| 3 years | +9.8% | +3.0% | +5.7% | +4.5% | +2.8% |
| 5 years | +24.0% | +6.6% | +14.4% | +12.6% | +13.9% |
| 10 years | +39.1% | +18.0% | +38.0% | +35.4% | +39.0% |
| Since Q1 1995 | +121% | +123% | +113% | +117% | +76.8% |
Estimate appreciation for a home in ZIP3 024
Regional estimate
$492,480
- Estimated gain
- $192,480
- Index change
- +64.16%
- Start index
- 301.31
- End index
- 494.63
ZIP3 024 (Newton, 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 |
|---|---|---|---|---|
| 022 · Boston, MA area | MA | +3.2% | +39.7% | +402% |
| 021 · Boston, MA area | MA | +3.2% | +34.4% | +492% |
| 017 · Marlborough, MA area | MA | +2.0% | +40.7% | +325% |
| 020 · Franklin Town, MA area | MA | +3.1% | +41.1% | +356% |
| 018 · Lowell, MA area | MA | +2.7% | +40.8% | +383% |
| 019 · Lynn, MA area | MA | +3.6% | +39.5% | +385% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 494.63 |
| Q1 2026 | 484.67 |
| Q4 2025 | 481.43 |
| Q3 2025 | 481.48 |
| Q2 2025 | 477.71 |
| Q1 2025 | 474.86 |
| Q4 2024 | 477.07 |
| Q3 2024 | 469.78 |
| Q2 2024 | 467.94 |
| Q1 2024 | 457.68 |
| Q4 2023 | 458.06 |
| Q3 2023 | 445.60 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 024?
- Based on FHFA HPI® data for 3-digit ZIP region 024, the regional index changed +3.5% over the year to Q2 2026, +32.2% over five years, +64.2% over ten years, and +395% since Q1 1995.
- Is ZIP3 024 appreciating faster than Massachusetts and the U.S.?
- Over the past year the region's index +3.5% compares with +3.2% for Massachusetts and +3.0% for the U.S., a gap of +0.5 pts versus the nation. Over five years the gap versus the nation is −9.1 pts.
- Which ZIP codes are in 3-digit ZIP region 024?
- All ZIP codes that begin with 024. Census 2010 ZIP Code Tabulation Areas in this region run from 02420 to 02494 (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.