3-digit ZIP regional index
Home appreciation in ZIP codes 115xxHempstead, NY area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 115 changed +5.7% 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 11501–11598. Most of its 2010 population lived in Nassau County (100%). Communities in the region include Freeport, East Meadow, Valley Stream, Long Beach, Oceanside. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +5.7%
- 5-year change
- +42.7%
- Since Q1 1995
- +381%
- National rank (1 year)
- 184th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 115 vs New York and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 115: 481.4
- New York: 433.4
- Nassau County-Suffolk County, NY metro: 510.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 115 | NY | U.S. | Gap vs NY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.7% | +5.3% | +3.0% | +0.4 pts | +2.6 pts |
| 3 years | +20.3% | +22.4% | +12.9% | −2.1 pts | +7.5 pts |
| 5 years | +42.7% | +49.9% | +41.3% | −7.2 pts | +1.4 pts |
| 10 years | +87.4% | +96.6% | +93.3% | −9.2 pts | −5.9 pts |
| Since Q1 1995 | +381% | +333% | +292% | +48.0 pts | +89.9 pts |
If you bought in ZIP3 115 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 | +378% | $1,432,768 |
| Q2 2000 | +249% | $1,047,075 |
| Q2 2005 | +91.2% | $573,631 |
| Q2 2010 | +109% | $627,762 |
| Q2 2015 | +96.6% | $589,795 |
| Q2 2020 | +53.5% | $460,635 |
| Q2 2021 | +42.7% | $428,136 |
| Q2 2023 | +20.3% | $361,030 |
| Q2 2025 | +5.7% | $317,023 |
How ZIP3 115 ranks
Over the past year ZIP3 115 ranks 184th of 882 3-digit ZIP regions nationally and 28th of 49 in New York. Its one-year change is +2.6 pts versus the nation and +0.4 pts versus New York. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New York |
|---|---|---|
| 1 year | 184th of 882 | 28th of 49 |
| 3 years | 191st of 882 | 36th of 49 |
| 5 years | 502nd of 882 | 39th of 49 |
| 10 years | 503rd of 882 | 25th of 49 |
| Since Q1 1995 | 106th of 879 | 8th of 49 |
Boom, bust, and recovery in ZIP3 115
ZIP3 115's index peaked in Q1 2007, fell 20.3% to its low in Q2 2012, and regained its peak in Q1 2018, about 11 years after the top. Today it sits +72.3% 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 115 | Q1 2007 | Q2 2012 | -20.3% | Q1 2018 (11 yrs) | +72.3% |
| NY | Q1 2007 | Q2 2012 | -14.0% | Q3 2017 (10.5 yrs) | +85.2% |
| Metro | Q4 2006 | Q4 2012 | -20.7% | Q2 2019 (12.5 yrs) | +72.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 115's index has changed +117% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 115 after inflation | NY after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.7% | +1.4% | +2.4% | -0.8% |
| 3 years | +9.8% | +9.6% | +11.5% | +13.1% | +2.8% |
| 5 years | +24.0% | +15.1% | +20.8% | +19.1% | +13.9% |
| 10 years | +39.1% | +34.8% | +41.4% | +41.1% | +39.0% |
| Since Q1 1995 | +121% | +117% | +95.8% | +131% | +76.8% |
Estimate appreciation for a home in ZIP3 115
Regional estimate
$562,263
- Estimated gain
- $262,263
- Index change
- +87.42%
- Start index
- 256.86
- End index
- 481.41
ZIP3 115 (Hempstead, 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 |
|---|---|---|---|---|
| 110 · New York, NY area | NY | +6.2% | +38.0% | +378% |
| 118 · Hicksville, NY area | NY | +3.7% | +42.6% | +392% |
| 114 · New York, NY area | NY | +4.5% | +31.1% | +439% |
| 116 · New York, NY area | NY | +5.7% | +45.1% | +354% |
| 113 · New York, NY area | NY | +8.0% | +25.1% | +445% |
| 111 · New York, NY area | NY | +5.7% | +45.1% | +354% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 481.41 |
| Q1 2026 | 472.24 |
| Q4 2025 | 475.42 |
| Q3 2025 | 466.04 |
| Q2 2025 | 455.56 |
| Q1 2025 | 445.20 |
| Q4 2024 | 439.32 |
| Q3 2024 | 428.74 |
| Q2 2024 | 426.24 |
| Q1 2024 | 412.34 |
| Q4 2023 | 406.66 |
| Q3 2023 | 400.96 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 115?
- Based on FHFA HPI® data for 3-digit ZIP region 115, the regional index changed +5.7% over the year to Q2 2026, +42.7% over five years, +87.4% over ten years, and +381% since Q1 1995.
- Is ZIP3 115 appreciating faster than New York and the U.S.?
- Over the past year the region's index +5.7% compares with +5.3% for New York and +3.0% for the U.S., a gap of +2.6 pts versus the nation. Over five years the gap versus the nation is +1.4 pts.
- Which ZIP codes are in 3-digit ZIP region 115?
- All ZIP codes that begin with 115. Census 2010 ZIP Code Tabulation Areas in this region run from 11501 to 11598 (40 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.