3-digit ZIP regional index
Home appreciation in ZIP codes 072xxElizabeth, NJ area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 072 changed +6.3% over the year to Q2 2026, compared with +5.5% for New Jersey and +3.0% for the United States.
The region covers ZIP codes 07201–07208. Most of its 2010 population lived in Union County (100%). Communities in the region include Roselle, Roselle Park. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.3%
- 5-year change
- +53.7%
- Since Q1 1995
- +307%
- National rank (1 year)
- 108th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 072 vs New Jersey and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 072: 406.5
- New Jersey: 420.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 072 | NJ | U.S. | Gap vs NJ | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.3% | +5.5% | +3.0% | +0.9 pts | +3.3 pts |
| 3 years | +24.1% | +24.2% | +12.9% | −0.1 pts | +11.3 pts |
| 5 years | +53.7% | +58.3% | +41.3% | −4.5 pts | +12.5 pts |
| 10 years | +90.0% | +99.2% | +93.3% | −9.1 pts | −3.3 pts |
| Since Q1 1995 | +307% | +320% | +292% | −13.6 pts | +15.0 pts |
If you bought in ZIP3 072 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% | $1,208,502 |
| Q2 2000 | +218% | $954,917 |
| Q2 2005 | +81.9% | $545,789 |
| Q2 2010 | +95.6% | $586,807 |
| Q2 2015 | +93.8% | $581,353 |
| Q2 2020 | +70.5% | $511,371 |
| Q2 2021 | +53.7% | $461,209 |
| Q2 2023 | +24.1% | $372,414 |
| Q2 2025 | +6.3% | $319,013 |
How ZIP3 072 ranks
Over the past year ZIP3 072 ranks 108th of 882 3-digit ZIP regions nationally and 6th of 20 in New Jersey. Its one-year change is +3.3 pts versus the nation and +0.9 pts versus New Jersey. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New Jersey |
|---|---|---|
| 1 year | 108th of 882 | 6th of 20 |
| 3 years | 56th of 882 | 10th of 20 |
| 5 years | 142nd of 882 | 15th of 20 |
| 10 years | 454th of 882 | 14th of 20 |
| Since Q1 1995 | 283rd of 879 | 12th of 20 |
Boom, bust, and recovery in ZIP3 072
ZIP3 072's index peaked in Q1 2007, fell 20.3% to its low in Q2 2012, and regained its peak in Q4 2020, about 13.8 years after the top. Today it sits +64.7% 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 072 | Q1 2007 | Q2 2012 | -20.3% | Q4 2020 (13.8 yrs) | +64.7% |
| NJ | Q1 2007 | Q2 2012 | -22.1% | Q1 2021 (14 yrs) | +67.8% |
| Metro | Q1 2007 | Q2 2012 | -20.3% | Q4 2020 (13.8 yrs) | +64.7% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 072's index has changed +83.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 072 after inflation | NJ after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.4% | +1.5% | +2.4% | -0.8% |
| 3 years | +9.8% | +13.1% | +13.1% | +13.1% | +2.8% |
| 5 years | +24.0% | +23.9% | +27.6% | +23.9% | +13.9% |
| 10 years | +39.1% | +36.6% | +43.2% | +36.6% | +39.0% |
| Since Q1 1995 | +121% | +83.6% | +89.8% | +83.6% | +76.8% |
Estimate appreciation for a home in ZIP3 072
Regional estimate
$570,156
- Estimated gain
- $270,156
- Index change
- +90.05%
- Start index
- 213.91
- End index
- 406.54
ZIP3 072 (Elizabeth, NJ 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 |
|---|---|---|---|---|
| 071 · Newark, NJ area | NJ | +4.8% | +56.2% | +358% |
| 070 · Clifton, NJ area | NJ | +6.4% | +53.0% | +348% |
| 103 · New York, NY area | NY | +3.6% | +29.0% | +377% |
| 073 · Jersey City, NJ area | NJ | +5.7% | +45.1% | +354% |
| 112 · New York, NY area | NY | +1.4% | +22.2% | +449% |
| 079 · Summit, NJ area | NJ | +8.7% | +50.0% | +301% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 406.54 |
| Q1 2026 | 395.02 |
| Q4 2025 | 392.24 |
| Q3 2025 | 384.93 |
| Q2 2025 | 382.31 |
| Q1 2025 | 374.91 |
| Q4 2024 | 370.05 |
| Q3 2024 | 364.57 |
| Q2 2024 | 359.07 |
| Q1 2024 | 345.65 |
| Q4 2023 | 339.57 |
| Q3 2023 | 336.73 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 072?
- Based on FHFA HPI® data for 3-digit ZIP region 072, the regional index changed +6.3% over the year to Q2 2026, +53.7% over five years, +90.0% over ten years, and +307% since Q1 1995.
- Is ZIP3 072 appreciating faster than New Jersey and the U.S.?
- Over the past year the region's index +6.3% compares with +5.5% for New Jersey and +3.0% for the U.S., a gap of +3.3 pts versus the nation. Over five years the gap versus the nation is +12.5 pts.
- Which ZIP codes are in 3-digit ZIP region 072?
- All ZIP codes that begin with 072. Census 2010 ZIP Code Tabulation Areas in this region run from 07201 to 07208 (7 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.