3-digit ZIP regional index
Home appreciation in ZIP codes 277xxDurham, NC area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 277 changed +2.7% over the year to Q2 2026, compared with +2.4% for North Carolina and +3.0% for the United States.
The region covers ZIP codes 27701–27713. Most of its 2010 population lived in Durham County (98%). Communities in the region include Gorman, Chapel Hill, Raleigh. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.7%
- 5-year change
- +43.0%
- Since Q1 1995
- +317%
- National rank (1 year)
- 599th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 277 vs North Carolina and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 277: 417.4
- North Carolina: 376.3
- Durham-Chapel Hill, NC metro: 398.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 277 | NC | U.S. | Gap vs NC | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.7% | +2.4% | +3.0% | +0.3 pts | −0.4 pts |
| 3 years | +5.2% | +12.3% | +12.9% | −7.2 pts | −7.7 pts |
| 5 years | +43.0% | +51.4% | +41.3% | −8.4 pts | +1.8 pts |
| 10 years | +120% | +113% | +93.3% | +6.7 pts | +26.6 pts |
| Since Q1 1995 | +317% | +276% | +292% | +41.1 pts | +25.9 pts |
If you bought in ZIP3 277 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 | +314% | $1,242,075 |
| Q2 2000 | +232% | $995,437 |
| Q2 2005 | +179% | $835,731 |
| Q2 2010 | +156% | $768,211 |
| Q2 2015 | +134% | $700,879 |
| Q2 2020 | +63.5% | $490,371 |
| Q2 2021 | +43.1% | $429,150 |
| Q2 2023 | +5.2% | $315,550 |
| Q2 2025 | +2.7% | $307,983 |
How ZIP3 277 ranks
Over the past year ZIP3 277 ranks 599th of 882 3-digit ZIP regions nationally and 8th of 20 in North Carolina. Its one-year change is −0.4 pts versus the nation and +0.3 pts versus North Carolina. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in North Carolina |
|---|---|---|
| 1 year | 599th of 882 | 8th of 20 |
| 3 years | 819th of 882 | 20th of 20 |
| 5 years | 492nd of 882 | 18th of 20 |
| 10 years | 96th of 882 | 5th of 20 |
| Since Q1 1995 | 260th of 879 | 6th of 20 |
Boom, bust, and recovery in ZIP3 277
ZIP3 277's index peaked in Q1 2009, fell 6.2% to its low in Q2 2011, and regained its peak in Q1 2014, about 5 years after the top. Today it sits +149% 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 277 | Q1 2009 | Q2 2011 | -6.2% | Q1 2014 (5 yrs) | +149% |
| NC | Q1 2008 | Q2 2012 | -13.1% | Q4 2016 (8.8 yrs) | +109% |
| Metro | Q1 2009 | Q2 2011 | -6.5% | Q1 2015 (6 yrs) | +128% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 277's index has changed +88.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 277 after inflation | NC after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.2% | -1.4% | -2.0% | -0.8% |
| 3 years | +9.8% | -4.2% | +2.3% | -1.6% | +2.8% |
| 5 years | +24.0% | +15.3% | +22.1% | +19.0% | +13.9% |
| 10 years | +39.1% | +58.1% | +53.4% | +52.5% | +39.0% |
| Since Q1 1995 | +121% | +88.5% | +70.0% | +79.8% | +76.8% |
Estimate appreciation for a home in ZIP3 277
Regional estimate
$659,848
- Estimated gain
- $359,848
- Index change
- +120%
- Start index
- 189.78
- End index
- 417.42
ZIP3 277 (Durham, NC 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 |
|---|---|---|---|---|
| 276 · Raleigh, NC area | NC | +1.7% | +43.0% | +298% |
| 275 · Cary, NC area | NC | +0.9% | +48.2% | +241% |
| 273 · Sanford, NC area | NC | +6.4% | +58.5% | +241% |
| 272 · High Point, NC area | NC | +4.8% | +56.5% | +215% |
| 274 · Greensboro, NC area | NC | +1.6% | +51.0% | +209% |
| 283 · Fayetteville, NC area | NC | +1.8% | +55.2% | +209% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 417.42 |
| Q1 2026 | 418.61 |
| Q4 2025 | 422.24 |
| Q3 2025 | 414.20 |
| Q2 2025 | 406.60 |
| Q1 2025 | 408.97 |
| Q4 2024 | 409.01 |
| Q3 2024 | 413.55 |
| Q2 2024 | 408.35 |
| Q1 2024 | 397.83 |
| Q4 2023 | 394.26 |
| Q3 2023 | 394.36 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 277?
- Based on FHFA HPI® data for 3-digit ZIP region 277, the regional index changed +2.7% over the year to Q2 2026, +43.0% over five years, +120% over ten years, and +317% since Q1 1995.
- Is ZIP3 277 appreciating faster than North Carolina and the U.S.?
- Over the past year the region's index +2.7% compares with +2.4% for North Carolina and +3.0% for the U.S., a gap of −0.4 pts versus the nation. Over five years the gap versus the nation is +1.8 pts.
- Which ZIP codes are in 3-digit ZIP region 277?
- All ZIP codes that begin with 277. Census 2010 ZIP Code Tabulation Areas in this region run from 27701 to 27713 (8 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.