3-digit ZIP regional index
Home appreciation in ZIP codes 118xxHicksville, NY area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 118 changed +3.7% 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 11801–11804. Most of its 2010 population lived in Nassau County (100%). Communities in the region include Plainview, Old Bethpage, Bethpage, Jericho. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.7%
- 5-year change
- +42.6%
- Since Q1 1995
- +392%
- National rank (1 year)
- 433rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 118 vs New York and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 118: 492.2
- 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 118 | NY | U.S. | Gap vs NY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.7% | +5.3% | +3.0% | −1.6 pts | +0.7 pts |
| 3 years | +16.3% | +22.4% | +12.9% | −6.1 pts | +3.4 pts |
| 5 years | +42.6% | +49.9% | +41.3% | −7.3 pts | +1.3 pts |
| 10 years | +84.9% | +96.6% | +93.3% | −11.7 pts | −8.4 pts |
| Since Q1 1995 | +392% | +333% | +292% | +58.8 pts | +100.6 pts |
If you bought in ZIP3 118 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 | +371% | $1,411,819 |
| Q2 2000 | +237% | $1,011,773 |
| Q2 2005 | +87.7% | $562,983 |
| Q2 2010 | +106% | $618,525 |
| Q2 2015 | +93.8% | $581,429 |
| Q2 2020 | +52.1% | $456,309 |
| Q2 2021 | +42.6% | $427,854 |
| Q2 2023 | +16.3% | $348,852 |
| Q2 2025 | +3.7% | $311,146 |
How ZIP3 118 ranks
Over the past year ZIP3 118 ranks 433rd of 882 3-digit ZIP regions nationally and 41st of 49 in New York. Its one-year change is +0.7 pts versus the nation and −1.6 pts versus New York. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New York |
|---|---|---|
| 1 year | 433rd of 882 | 41st of 49 |
| 3 years | 383rd of 882 | 45th of 49 |
| 5 years | 503rd of 882 | 40th of 49 |
| 10 years | 547th of 882 | 28th of 49 |
| Since Q1 1995 | 91st of 879 | 7th of 49 |
Boom, bust, and recovery in ZIP3 118
ZIP3 118's index peaked in Q3 2006, fell 18.3% to its low in Q2 2012, and regained its peak in Q2 2017, about 10.8 years after the top. Today it sits +76.0% 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 118 | Q3 2006 | Q2 2012 | -18.3% | Q2 2017 (10.8 yrs) | +76.0% |
| 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 118's index has changed +122% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 118 after inflation | NY after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.1% | +1.4% | +2.4% | -0.8% |
| 3 years | +9.8% | +5.9% | +11.5% | +13.1% | +2.8% |
| 5 years | +24.0% | +15.0% | +20.8% | +19.1% | +13.9% |
| 10 years | +39.1% | +33.0% | +41.4% | +41.1% | +39.0% |
| Since Q1 1995 | +121% | +122% | +95.8% | +131% | +76.8% |
Estimate appreciation for a home in ZIP3 118
Regional estimate
$554,776
- Estimated gain
- $254,776
- Index change
- +84.93%
- Start index
- 266.14
- End index
- 492.16
ZIP3 118 (Hicksville, 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 |
|---|---|---|---|---|
| 115 · Hempstead, NY area | NY | +5.7% | +42.7% | +381% |
| 110 · New York, NY area | NY | +6.2% | +38.0% | +378% |
| 117 · Lindenhurst, NY area | NY | +6.3% | +49.6% | +410% |
| 114 · New York, NY area | NY | +4.5% | +31.1% | +439% |
| 108 · New Rochelle, NY area | NY | +5.7% | +45.1% | +354% |
| 113 · New York, NY area | NY | +8.0% | +25.1% | +445% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 492.16 |
| Q1 2026 | 490.45 |
| Q4 2025 | 508.94 |
| Q3 2025 | 475.22 |
| Q2 2025 | 474.53 |
| Q1 2025 | 470.48 |
| Q4 2024 | 444.92 |
| Q3 2024 | 453.68 |
| Q2 2024 | 442.82 |
| Q1 2024 | 425.39 |
| Q4 2023 | 429.17 |
| Q3 2023 | 434.90 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 118?
- Based on FHFA HPI® data for 3-digit ZIP region 118, the regional index changed +3.7% over the year to Q2 2026, +42.6% over five years, +84.9% over ten years, and +392% since Q1 1995.
- Is ZIP3 118 appreciating faster than New York and the U.S.?
- Over the past year the region's index +3.7% compares with +5.3% for New York and +3.0% for the U.S., a gap of +0.7 pts versus the nation. Over five years the gap versus the nation is +1.3 pts.
- Which ZIP codes are in 3-digit ZIP region 118?
- All ZIP codes that begin with 118. Census 2010 ZIP Code Tabulation Areas in this region run from 11801 to 11804 (3 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.