3-digit ZIP regional index
Home appreciation in ZIP codes 217xxFrederick, MD area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 217 changed +1.4% over the year to Q2 2026, compared with +2.2% for Maryland and +3.0% for the United States.
The region covers ZIP codes 21701–21798. Most of its 2010 population lived in Frederick County (49%), Washington County (31%), Carroll County (15%). Communities in the region include Hagerstown, Eldersburg, Ballenger Creek, Halfway, Mount Airy. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.4%
- 5-year change
- +35.6%
- Since Q1 1995
- +231%
- National rank (1 year)
- 726th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 217 vs Maryland and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 217: 331.1
- Maryland: 348.0
- Frederick-Gaithersburg-Bethesda, MD metro: 361.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 217 | MD | U.S. | Gap vs MD | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.4% | +2.2% | +3.0% | −0.8 pts | −1.6 pts |
| 3 years | +12.5% | +11.2% | +12.9% | +1.3 pts | −0.3 pts |
| 5 years | +35.6% | +32.0% | +41.3% | +3.6 pts | −5.6 pts |
| 10 years | +69.9% | +63.8% | +93.3% | +6.1 pts | −23.4 pts |
| Since Q1 1995 | +231% | +248% | +292% | −16.8 pts | −60.4 pts |
If you bought in ZIP3 217 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 | +228% | $985,310 |
| Q2 2000 | +186% | $858,146 |
| Q2 2005 | +53.5% | $460,564 |
| Q2 2010 | +80.0% | $539,915 |
| Q2 2015 | +74.2% | $522,562 |
| Q2 2020 | +50.8% | $452,549 |
| Q2 2021 | +35.6% | $406,910 |
| Q2 2023 | +12.5% | $337,532 |
| Q2 2025 | +1.4% | $304,301 |
How ZIP3 217 ranks
Over the past year ZIP3 217 ranks 726th of 882 3-digit ZIP regions nationally and 10th of 13 in Maryland. Its one-year change is −1.6 pts versus the nation and −0.8 pts versus Maryland. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Maryland |
|---|---|---|
| 1 year | 726th of 882 | 10th of 13 |
| 3 years | 617th of 882 | 8th of 13 |
| 5 years | 707th of 882 | 6th of 13 |
| 10 years | 737th of 882 | 6th of 13 |
| Since Q1 1995 | 625th of 879 | 12th of 13 |
Boom, bust, and recovery in ZIP3 217
ZIP3 217's index peaked in Q1 2007, fell 29.7% to its low in Q2 2011, and regained its peak in Q3 2021, about 14.5 years after the top. Today it sits +33.5% 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 217 | Q1 2007 | Q2 2011 | -29.7% | Q3 2021 (14.5 yrs) | +33.5% |
| MD | Q2 2007 | Q2 2012 | -25.3% | Q2 2021 (14 yrs) | +35.2% |
| Metro | Q4 2006 | Q2 2011 | -22.1% | Q1 2021 (14.2 yrs) | +37.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 217's index has changed +49.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 217 after inflation | MD after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -2.3% | -1.6% | -2.5% | -0.8% |
| 3 years | +9.8% | +2.5% | +1.3% | -0.5% | +2.8% |
| 5 years | +24.0% | +9.4% | +6.5% | +4.3% | +13.9% |
| 10 years | +39.1% | +22.2% | +17.8% | +12.6% | +39.0% |
| Since Q1 1995 | +121% | +49.6% | +57.2% | +63.1% | +76.8% |
Estimate appreciation for a home in ZIP3 217
Regional estimate
$509,771
- Estimated gain
- $209,771
- Index change
- +69.92%
- Start index
- 194.87
- End index
- 331.13
ZIP3 217 (Frederick, 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 |
|---|---|---|---|---|
| 254 · Martinsburg, WV area | WV | +6.3% | +48.4% | +237% |
| 208 · Rockville, MD area | MD | +1.8% | +29.4% | +263% |
| 172 · Chambersburg, PA area | PA | +3.7% | +43.8% | +222% |
| 209 · Takoma Park, MD area | MD | -0.7% | +23.1% | +272% |
| 201 · Leesburg, VA area | VA | +1.6% | +36.1% | +297% |
| 173 · Hanover, PA area | PA | +6.1% | +45.4% | +218% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 331.13 |
| Q1 2026 | 331.91 |
| Q4 2025 | 327.22 |
| Q3 2025 | 329.24 |
| Q2 2025 | 326.45 |
| Q1 2025 | 323.85 |
| Q4 2024 | 323.86 |
| Q3 2024 | 320.03 |
| Q2 2024 | 314.44 |
| Q1 2024 | 307.78 |
| Q4 2023 | 302.69 |
| Q3 2023 | 301.35 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 217?
- Based on FHFA HPI® data for 3-digit ZIP region 217, the regional index changed +1.4% over the year to Q2 2026, +35.6% over five years, +69.9% over ten years, and +231% since Q1 1995.
- Is ZIP3 217 appreciating faster than Maryland and the U.S.?
- Over the past year the region's index +1.4% compares with +2.2% for Maryland and +3.0% for the U.S., a gap of −1.6 pts versus the nation. Over five years the gap versus the nation is −5.6 pts.
- Which ZIP codes are in 3-digit ZIP region 217?
- All ZIP codes that begin with 217. Census 2010 ZIP Code Tabulation Areas in this region run from 21701 to 21798 (55 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.