3-digit ZIP regional index
Home appreciation in ZIP codes 278xxGreenville, NC area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 278 changed +0.7% 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 27801–27897. Most of its 2010 population lived in Pitt County (24%), Nash County (16%), Wilson County (14%). Communities in the region include Rocky Mount, Wilson, Roanoke Rapids, Tarboro, Washington. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +0.7%
- 5-year change
- +51.6%
- Since Q1 1995
- +190%
- National rank (1 year)
- 781st
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 278 vs North Carolina and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 278: 290.5
- North Carolina: 376.3
- Rocky Mount, NC metro: 264.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 278 | NC | U.S. | Gap vs NC | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.7% | +2.4% | +3.0% | −1.7 pts | −2.3 pts |
| 3 years | +14.1% | +12.3% | +12.9% | +1.8 pts | +1.3 pts |
| 5 years | +51.6% | +51.4% | +41.3% | +0.2 pts | +10.3 pts |
| 10 years | +94.2% | +113% | +93.3% | −19.1 pts | +0.8 pts |
| Since Q1 1995 | +190% | +276% | +292% | −85.9 pts | −101.1 pts |
If you bought in ZIP3 278 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 | +183% | $848,855 |
| Q2 2000 | +137% | $710,378 |
| Q2 2005 | +98.4% | $595,347 |
| Q2 2010 | +85.8% | $557,414 |
| Q2 2015 | +95.3% | $586,018 |
| Q2 2020 | +69.1% | $507,277 |
| Q2 2021 | +51.6% | $454,776 |
| Q2 2023 | +14.1% | $342,377 |
| Q2 2025 | +0.7% | $302,185 |
How ZIP3 278 ranks
Over the past year ZIP3 278 ranks 781st of 882 3-digit ZIP regions nationally and 18th of 20 in North Carolina. Its one-year change is −2.3 pts versus the nation and −1.7 pts versus North Carolina. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in North Carolina |
|---|---|---|
| 1 year | 781st of 882 | 18th of 20 |
| 3 years | 517th of 882 | 9th of 20 |
| 5 years | 202nd of 882 | 12th of 20 |
| 10 years | 393rd of 882 | 20th of 20 |
| Since Q1 1995 | 809th of 879 | 20th of 20 |
Boom, bust, and recovery in ZIP3 278
ZIP3 278's index peaked in Q2 2008, fell 12.1% to its low in Q4 2014, and regained its peak in Q4 2019, about 11.5 years after the top. Today it sits +74.1% 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 278 | Q2 2008 | Q4 2014 | -12.1% | Q4 2019 (11.5 yrs) | +74.1% |
| NC | Q1 2008 | Q2 2012 | -13.1% | Q4 2016 (8.8 yrs) | +109% |
| Metro | Q2 2008 | Q1 2015 | -14.1% | Q3 2019 (11.2 yrs) | +70.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 278's index has changed +31.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 278 after inflation | NC after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -3.0% | -1.4% | -5.9% | -0.8% |
| 3 years | +9.8% | +3.9% | +2.3% | +0.1% | +2.8% |
| 5 years | +24.0% | +22.2% | +22.1% | +16.3% | +13.9% |
| 10 years | +39.1% | +39.6% | +53.4% | +36.8% | +39.0% |
| Since Q1 1995 | +121% | +31.2% | +70.0% | +19.3% | +76.8% |
Estimate appreciation for a home in ZIP3 278
Regional estimate
$582,492
- Estimated gain
- $282,492
- Index change
- +94.16%
- Start index
- 149.59
- End index
- 290.45
ZIP3 278 (Greenville, 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 |
|---|---|---|---|---|
| 275 · Cary, NC area | NC | +0.9% | +48.2% | +241% |
| 285 · Jacksonville, NC area | NC | +1.8% | +56.3% | +258% |
| 276 · Raleigh, NC area | NC | +1.7% | +43.0% | +298% |
| 279 · Elizabeth City, NC area | NC | -1.9% | +50.6% | +331% |
| 277 · Durham, NC area | NC | +2.7% | +43.0% | +317% |
| 238 · Petersburg, VA area | VA | +3.3% | +49.7% | +251% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 290.45 |
| Q1 2026 | 290.59 |
| Q4 2025 | 285.60 |
| Q3 2025 | 283.30 |
| Q2 2025 | 288.35 |
| Q1 2025 | 279.40 |
| Q4 2024 | 277.58 |
| Q3 2024 | 277.09 |
| Q2 2024 | 270.81 |
| Q1 2024 | 264.49 |
| Q4 2023 | 269.33 |
| Q3 2023 | 264.57 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 278?
- Based on FHFA HPI® data for 3-digit ZIP region 278, the regional index changed +0.7% over the year to Q2 2026, +51.6% over five years, +94.2% over ten years, and +190% since Q1 1995.
- Is ZIP3 278 appreciating faster than North Carolina and the U.S.?
- Over the past year the region's index +0.7% compares with +2.4% for North Carolina and +3.0% for the U.S., a gap of −2.3 pts versus the nation. Over five years the gap versus the nation is +10.3 pts.
- Which ZIP codes are in 3-digit ZIP region 278?
- All ZIP codes that begin with 278. Census 2010 ZIP Code Tabulation Areas in this region run from 27801 to 27897 (81 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.