3-digit ZIP regional index
Home appreciation in ZIP codes 212xxBaltimore, MD area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 212 changed +2.3% over the year to Q2 2026, compared with +2.2% for Maryland and +3.0% for the United States.
The region covers ZIP codes 21201–21286. Most of its 2010 population lived in Baltimore city (52%), Baltimore County (47%). Communities in the region include Dundalk, Towson, Catonsville, Essex, Woodlawn. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.3%
- 5-year change
- +29.4%
- Since Q1 1995
- +247%
- National rank (1 year)
- 630th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 212 vs Maryland and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 212: 347.0
- Maryland: 348.0
- Baltimore-Columbia-Towson, MD metro: 348.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 212 | MD | U.S. | Gap vs MD | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.3% | +2.2% | +3.0% | +0.1 pts | −0.7 pts |
| 3 years | +10.2% | +11.2% | +12.9% | −1.0 pts | −2.6 pts |
| 5 years | +29.4% | +32.0% | +41.3% | −2.7 pts | −11.9 pts |
| 10 years | +57.7% | +63.8% | +93.3% | −6.1 pts | −35.6 pts |
| Since Q1 1995 | +247% | +248% | +292% | −1.0 pts | −44.6 pts |
If you bought in ZIP3 212 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 | +246% | $1,039,307 |
| Q2 2000 | +203% | $907,796 |
| Q2 2005 | +68.3% | $504,762 |
| Q2 2010 | +62.4% | $487,346 |
| Q2 2015 | +60.9% | $482,623 |
| Q2 2020 | +41.5% | $424,643 |
| Q2 2021 | +29.4% | $388,060 |
| Q2 2023 | +10.2% | $330,635 |
| Q2 2025 | +2.3% | $306,971 |
How ZIP3 212 ranks
Over the past year ZIP3 212 ranks 630th of 882 3-digit ZIP regions nationally and 8th of 13 in Maryland. Its one-year change is −0.7 pts versus the nation and +0.1 pts versus Maryland. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Maryland |
|---|---|---|
| 1 year | 630th of 882 | 8th of 13 |
| 3 years | 704th of 882 | 10th of 13 |
| 5 years | 800th of 882 | 11th of 13 |
| 10 years | 827th of 882 | 11th of 13 |
| Since Q1 1995 | 518th of 879 | 7th of 13 |
Boom, bust, and recovery in ZIP3 212
ZIP3 212's index peaked in Q4 2007, fell 23.4% to its low in Q2 2012, and regained its peak in Q1 2021, about 13.2 years after the top. Today it sits +34.2% 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 212 | Q4 2007 | Q2 2012 | -23.4% | Q1 2021 (13.2 yrs) | +34.2% |
| MD | Q2 2007 | Q2 2012 | -25.3% | Q2 2021 (14 yrs) | +35.2% |
| Metro | Q2 2007 | Q2 2012 | -22.2% | Q2 2021 (14 yrs) | +36.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 212's index has changed +56.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 212 after inflation | MD after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.5% | -1.6% | -1.1% | -0.8% |
| 3 years | +9.8% | +0.4% | +1.3% | +1.6% | +2.8% |
| 5 years | +24.0% | +4.3% | +6.5% | +6.2% | +13.9% |
| 10 years | +39.1% | +13.4% | +17.8% | +15.8% | +39.0% |
| Since Q1 1995 | +121% | +56.7% | +57.2% | +57.3% | +76.8% |
Estimate appreciation for a home in ZIP3 212
Regional estimate
$473,190
- Estimated gain
- $173,190
- Index change
- +57.73%
- Start index
- 219.99
- End index
- 346.99
ZIP3 212 (Baltimore, MD 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 |
|---|---|---|---|---|
| 210 · Columbia, MD area | MD | +2.7% | +32.6% | +245% |
| 211 · Westminster, MD area | MD | +3.8% | +34.3% | +242% |
| 214 · Annapolis, MD area | MD | +7.4% | +46.0% | +354% |
| 209 · Takoma Park, MD area | MD | -0.7% | +23.1% | +272% |
| 207 · Bowie, MD area | MD | -0.1% | +25.1% | +231% |
| 208 · Rockville, MD area | MD | +1.8% | +29.4% | +263% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 346.99 |
| Q1 2026 | 347.15 |
| Q4 2025 | 342.63 |
| Q3 2025 | 340.65 |
| Q2 2025 | 339.11 |
| Q1 2025 | 334.97 |
| Q4 2024 | 333.28 |
| Q3 2024 | 329.80 |
| Q2 2024 | 325.84 |
| Q1 2024 | 322.68 |
| Q4 2023 | 315.29 |
| Q3 2023 | 317.97 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 212?
- Based on FHFA HPI® data for 3-digit ZIP region 212, the regional index changed +2.3% over the year to Q2 2026, +29.4% over five years, +57.7% over ten years, and +247% since Q1 1995.
- Is ZIP3 212 appreciating faster than Maryland and the U.S.?
- Over the past year the region's index +2.3% compares with +2.2% for Maryland 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 −11.9 pts.
- Which ZIP codes are in 3-digit ZIP region 212?
- All ZIP codes that begin with 212. Census 2010 ZIP Code Tabulation Areas in this region run from 21201 to 21286 (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.