3-digit ZIP regional index
Home appreciation in ZIP codes 038xxDover, NH area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 038 changed +3.4% over the year to Q2 2026, compared with +4.0% for New Hampshire and +3.0% for the United States.
The region covers ZIP codes 03801–03894. Most of its 2010 population lived in Rockingham County (46%), Strafford County (38%), Carroll County (13%). Communities in the region include Rochester, Portsmouth, Somersworth, Durham, Hampton. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.4%
- 5-year change
- +54.4%
- Since Q1 1995
- +419%
- National rank (1 year)
- 487th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 038 vs New Hampshire and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 038: 518.7
- New Hampshire: 499.5
- Rockingham County-Strafford County, NH metro: 515.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 038 | NH | U.S. | Gap vs NH | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +4.0% | +3.0% | −0.6 pts | +0.3 pts |
| 3 years | +18.1% | +19.3% | +12.9% | −1.1 pts | +5.3 pts |
| 5 years | +54.4% | +54.9% | +41.3% | −0.4 pts | +13.1 pts |
| 10 years | +119% | +120% | +93.3% | −1.7 pts | +25.3 pts |
| Since Q1 1995 | +419% | +400% | +292% | +19.2 pts | +127.1 pts |
If you bought in ZIP3 038 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 | +413% | $1,538,501 |
| Q2 2000 | +254% | $1,062,941 |
| Q2 2005 | +112% | $635,196 |
| Q2 2010 | +143% | $728,995 |
| Q2 2015 | +127% | $681,935 |
| Q2 2020 | +76.7% | $530,004 |
| Q2 2021 | +54.4% | $463,273 |
| Q2 2023 | +18.1% | $354,370 |
| Q2 2025 | +3.4% | $310,085 |
How ZIP3 038 ranks
Over the past year ZIP3 038 ranks 487th of 882 3-digit ZIP regions nationally and 8th of 9 in New Hampshire. Its one-year change is +0.3 pts versus the nation and −0.6 pts versus New Hampshire. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New Hampshire |
|---|---|---|
| 1 year | 487th of 882 | 8th of 9 |
| 3 years | 289th of 882 | 9th of 9 |
| 5 years | 132nd of 882 | 6th of 9 |
| 10 years | 110th of 882 | 6th of 9 |
| Since Q1 1995 | 67th of 879 | 2nd of 9 |
Boom, bust, and recovery in ZIP3 038
ZIP3 038's index peaked in Q1 2006, fell 18.5% to its low in Q2 2012, and regained its peak in Q3 2017, about 11.5 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 038 | Q1 2006 | Q2 2012 | -18.5% | Q3 2017 (11.5 yrs) | +104% |
| NH | Q1 2006 | Q2 2012 | -20.0% | Q2 2018 (12.2 yrs) | +97.8% |
| Metro | Q4 2005 | Q2 2012 | -19.8% | Q4 2017 (12 yrs) | +102% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 038's index has changed +134% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 038 after inflation | NH after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.5% | +0.1% | -0.1% | -0.8% |
| 3 years | +9.8% | +7.6% | +8.6% | +7.7% | +2.8% |
| 5 years | +24.0% | +24.5% | +24.9% | +23.8% | +13.9% |
| 10 years | +39.1% | +57.2% | +58.4% | +57.0% | +39.0% |
| Since Q1 1995 | +121% | +134% | +126% | +133% | +76.8% |
Estimate appreciation for a home in ZIP3 038
Regional estimate
$655,976
- Estimated gain
- $355,976
- Index change
- +119%
- Start index
- 237.21
- End index
- 518.68
ZIP3 038 (Dover, NH 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 |
|---|---|---|---|---|
| 039 · Kittery, ME area | ME | -0.3% | +51.6% | +431% |
| 031 · Manchester, NH area | NH | +3.4% | +52.6% | +392% |
| 033 · Concord, NH area | NH | +1.3% | +53.0% | +356% |
| 030 · Nashua, NH area | NH | +5.2% | +52.8% | +396% |
| 032 · Laconia, NH area | NH | +4.3% | +59.3% | +423% |
| 018 · Lowell, MA area | MA | +2.7% | +40.8% | +383% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 518.68 |
| Q1 2026 | 512.31 |
| Q4 2025 | 508.02 |
| Q3 2025 | 505.38 |
| Q2 2025 | 501.81 |
| Q1 2025 | 490.69 |
| Q4 2024 | 478.83 |
| Q3 2024 | 480.75 |
| Q2 2024 | 476.21 |
| Q1 2024 | 461.46 |
| Q4 2023 | 445.31 |
| Q3 2023 | 445.87 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 038?
- Based on FHFA HPI® data for 3-digit ZIP region 038, the regional index changed +3.4% over the year to Q2 2026, +54.4% over five years, +119% over ten years, and +419% since Q1 1995.
- Is ZIP3 038 appreciating faster than New Hampshire and the U.S.?
- Over the past year the region's index +3.4% compares with +4.0% for New Hampshire and +3.0% for the U.S., a gap of +0.3 pts versus the nation. Over five years the gap versus the nation is +13.1 pts.
- Which ZIP codes are in 3-digit ZIP region 038?
- All ZIP codes that begin with 038. Census 2010 ZIP Code Tabulation Areas in this region run from 03801 to 03894 (66 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.