3-digit ZIP regional index
Home appreciation in ZIP codes 109xxSpring Valley, NY area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 109 changed +2.8% over the year to Q2 2026, compared with +5.3% for New York and +3.0% for the United States.
The region covers ZIP codes 10901–10998. Most of its 2010 population lived in Rockland County (58%), Orange County (42%). Communities in the region include New City, Middletown, Kiryas Joel, Monsey, Nanuet. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.8%
- 5-year change
- +53.6%
- Since Q1 1995
- +302%
- National rank (1 year)
- 591st
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 109 vs New York and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 109: 401.8
- New York: 433.4
- New York-Jersey City-White Plains, NY-NJ metro: 454.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 109 | NY | U.S. | Gap vs NY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.8% | +5.3% | +3.0% | −2.5 pts | −0.3 pts |
| 3 years | +21.0% | +22.4% | +12.9% | −1.4 pts | +8.2 pts |
| 5 years | +53.6% | +49.9% | +41.3% | +3.7 pts | +12.3 pts |
| 10 years | +99.8% | +96.6% | +93.3% | +3.3 pts | +6.5 pts |
| Since Q1 1995 | +302% | +333% | +292% | −31.6 pts | +10.3 pts |
If you bought in ZIP3 109 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 | +298% | $1,194,471 |
| Q2 2000 | +213% | $937,809 |
| Q2 2005 | +70.7% | $511,960 |
| Q2 2010 | +94.7% | $584,154 |
| Q2 2015 | +106% | $617,109 |
| Q2 2020 | +70.5% | $511,351 |
| Q2 2021 | +53.6% | $460,732 |
| Q2 2023 | +21.0% | $363,090 |
| Q2 2025 | +2.8% | $308,270 |
How ZIP3 109 ranks
Over the past year ZIP3 109 ranks 591st of 882 3-digit ZIP regions nationally and 45th of 49 in New York. Its one-year change is −0.3 pts versus the nation and −2.5 pts versus New York. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New York |
|---|---|---|
| 1 year | 591st of 882 | 45th of 49 |
| 3 years | 169th of 882 | 33rd of 49 |
| 5 years | 148th of 882 | 11th of 49 |
| 10 years | 322nd of 882 | 22nd of 49 |
| Since Q1 1995 | 303rd of 879 | 21st of 49 |
Boom, bust, and recovery in ZIP3 109
ZIP3 109's index peaked in Q4 2006, fell 25.5% to its low in Q1 2014, and regained its peak in Q2 2021, about 14.5 years after the top. Today it sits +58.6% 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 109 | Q4 2006 | Q1 2014 | -25.5% | Q2 2021 (14.5 yrs) | +58.6% |
| NY | Q1 2007 | Q2 2012 | -14.0% | Q3 2017 (10.5 yrs) | +85.2% |
| Metro | Q1 2007 | Q2 2012 | -18.2% | Q1 2018 (11 yrs) | +67.6% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 109's index has changed +81.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 109 after inflation | NY after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.1% | +1.4% | +1.8% | -0.8% |
| 3 years | +9.8% | +10.2% | +11.5% | +11.8% | +2.8% |
| 5 years | +24.0% | +23.8% | +20.8% | +16.9% | +13.9% |
| 10 years | +39.1% | +43.7% | +41.4% | +30.4% | +39.0% |
| Since Q1 1995 | +121% | +81.5% | +95.8% | +105% | +76.8% |
Estimate appreciation for a home in ZIP3 109
Regional estimate
$599,552
- Estimated gain
- $299,552
- Index change
- +99.85%
- Start index
- 201.06
- End index
- 401.82
ZIP3 109 (Spring Valley, NY 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 |
|---|---|---|---|---|
| 074 · Fair Lawn, NJ area | NJ | +5.4% | +53.6% | +279% |
| 105 · Mount Vernon, NY area | NY | +7.3% | +45.1% | +283% |
| 075 · Paterson, NJ area | NJ | +5.7% | +45.1% | +354% |
| 076 · Hackensack, NJ area | NJ | +6.2% | +55.1% | +329% |
| 106 · White Plains, NY area | NY | +5.7% | +45.1% | +354% |
| 107 · Yonkers, NY area | NY | +3.2% | +37.7% | +315% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 401.82 |
| Q1 2026 | 399.42 |
| Q4 2025 | 392.40 |
| Q3 2025 | 392.85 |
| Q2 2025 | 391.04 |
| Q1 2025 | 381.00 |
| Q4 2024 | 370.33 |
| Q3 2024 | 367.52 |
| Q2 2024 | 361.56 |
| Q1 2024 | 354.56 |
| Q4 2023 | 348.40 |
| Q3 2023 | 340.75 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 109?
- Based on FHFA HPI® data for 3-digit ZIP region 109, the regional index changed +2.8% over the year to Q2 2026, +53.6% over five years, +99.8% over ten years, and +302% since Q1 1995.
- Is ZIP3 109 appreciating faster than New York and the U.S.?
- Over the past year the region's index +2.8% compares with +5.3% for New York 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 +12.3 pts.
- Which ZIP codes are in 3-digit ZIP region 109?
- All ZIP codes that begin with 109. Census 2010 ZIP Code Tabulation Areas in this region run from 10901 to 10998 (59 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.