3-digit ZIP regional index
Home appreciation in ZIP codes 120xxAmsterdam, NY area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 120 changed +6.3% 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 12007–12095. Most of its 2010 population lived in Saratoga County (29%), Albany County (19%), Fulton County (14%). Communities in the region include Cohoes, Gloversville, Johnstown, Ballston Spa, Cobleskill. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.3%
- 5-year change
- +51.3%
- Since Q1 1995
- +265%
- National rank (1 year)
- 110th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 120 vs New York and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 120: 365.2
- New York: 433.4
- Albany-Schenectady-Troy, NY metro: 353.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 120 | NY | U.S. | Gap vs NY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.3% | +5.3% | +3.0% | +1.0 pts | +3.3 pts |
| 3 years | +21.6% | +22.4% | +12.9% | −0.8 pts | +8.7 pts |
| 5 years | +51.3% | +49.9% | +41.3% | +1.4 pts | +10.0 pts |
| 10 years | +87.4% | +96.6% | +93.3% | −9.2 pts | −5.9 pts |
| Since Q1 1995 | +265% | +333% | +292% | −68.2 pts | −26.3 pts |
If you bought in ZIP3 120 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 | +251% | $1,051,656 |
| Q2 2000 | +234% | $1,000,566 |
| Q2 2005 | +106% | $618,422 |
| Q2 2010 | +91.3% | $573,766 |
| Q2 2015 | +90.8% | $572,387 |
| Q2 2020 | +68.1% | $504,243 |
| Q2 2021 | +51.3% | $453,883 |
| Q2 2023 | +21.6% | $364,705 |
| Q2 2025 | +6.3% | $319,024 |
How ZIP3 120 ranks
Over the past year ZIP3 120 ranks 110th of 882 3-digit ZIP regions nationally and 17th of 49 in New York. Its one-year change is +3.3 pts versus the nation and +1.0 pts versus New York. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New York |
|---|---|---|
| 1 year | 110th of 882 | 17th of 49 |
| 3 years | 147th of 882 | 29th of 49 |
| 5 years | 210th of 882 | 17th of 49 |
| 10 years | 504th of 882 | 26th of 49 |
| Since Q1 1995 | 427th of 879 | 25th of 49 |
Boom, bust, and recovery in ZIP3 120
ZIP3 120's index peaked in Q1 2008, fell 7.8% to its low in Q1 2014, and regained its peak in Q3 2017, about 9.5 years after the top. Today it sits +82.2% 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 120 | Q1 2008 | Q1 2014 | -7.8% | Q3 2017 (9.5 yrs) | +82.2% |
| NY | Q1 2007 | Q2 2012 | -14.0% | Q3 2017 (10.5 yrs) | +85.2% |
| Metro | Q1 2008 | Q1 2014 | -7.0% | Q3 2017 (9.5 yrs) | +80.7% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 120's index has changed +65.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 120 after inflation | NY after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.4% | +1.4% | +3.0% | -0.8% |
| 3 years | +9.8% | +10.7% | +11.5% | +11.5% | +2.8% |
| 5 years | +24.0% | +22.0% | +20.8% | +21.8% | +13.9% |
| 10 years | +39.1% | +34.7% | +41.4% | +33.0% | +39.0% |
| Since Q1 1995 | +121% | +65.0% | +95.8% | +59.5% | +76.8% |
Estimate appreciation for a home in ZIP3 120
Regional estimate
$562,196
- Estimated gain
- $262,196
- Index change
- +87.40%
- Start index
- 194.90
- End index
- 365.24
ZIP3 120 (Amsterdam, 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 |
|---|---|---|---|---|
| 123 · Schenectady, NY area | NY | +8.0% | +54.7% | +241% |
| 121 · Troy, NY area | NY | +3.9% | +48.0% | +244% |
| 122 · Albany, NY area | NY | +7.0% | +47.9% | +221% |
| 128 · Saratoga Springs, NY area | NY | +6.0% | +50.0% | +304% |
| 052 · Bennington, VT area | VT | +6.1% | +62.9% | +305% |
| 012 · Pittsfield, MA area | MA | +6.3% | +55.4% | +309% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 365.24 |
| Q1 2026 | 350.72 |
| Q4 2025 | 352.21 |
| Q3 2025 | 349.76 |
| Q2 2025 | 343.46 |
| Q1 2025 | 342.34 |
| Q4 2024 | 331.48 |
| Q3 2024 | 332.85 |
| Q2 2024 | 319.04 |
| Q1 2024 | 309.01 |
| Q4 2023 | 309.54 |
| Q3 2023 | 311.73 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 120?
- Based on FHFA HPI® data for 3-digit ZIP region 120, the regional index changed +6.3% over the year to Q2 2026, +51.3% over five years, +87.4% over ten years, and +265% since Q1 1995.
- Is ZIP3 120 appreciating faster than New York and the U.S.?
- Over the past year the region's index +6.3% compares with +5.3% for New York 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 +10.0 pts.
- Which ZIP codes are in 3-digit ZIP region 120?
- All ZIP codes that begin with 120. Census 2010 ZIP Code Tabulation Areas in this region run from 12007 to 12095 (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.