3-digit ZIP regional index
Home appreciation in ZIP codes 287xxHendersonville, NC area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 287 changed +3.9% 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 28701–28792. Most of its 2010 population lived in Buncombe County (22%), Henderson County (20%), Haywood County (11%). Communities in the region include Waynesville, Black Mountain, Marion, Brevard, Fletcher. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.9%
- 5-year change
- +52.4%
- Since Q1 1995
- +361%
- National rank (1 year)
- 398th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 287 vs North Carolina and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 287: 460.6
- North Carolina: 376.3
- Asheville, NC metro: 522.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 287 | NC | U.S. | Gap vs NC | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.4% | +3.0% | +1.5 pts | +0.9 pts |
| 3 years | +13.8% | +12.3% | +12.9% | +1.4 pts | +0.9 pts |
| 5 years | +52.4% | +51.4% | +41.3% | +1.0 pts | +11.1 pts |
| 10 years | +121% | +113% | +93.3% | +7.3 pts | +27.2 pts |
| Since Q1 1995 | +361% | +276% | +292% | +84.3 pts | +69.0 pts |
If you bought in ZIP3 287 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 | +355% | $1,365,626 |
| Q2 2000 | +248% | $1,043,847 |
| Q2 2005 | +156% | $767,591 |
| Q2 2010 | +125% | $675,701 |
| Q2 2015 | +128% | $683,590 |
| Q2 2020 | +74.1% | $522,357 |
| Q2 2021 | +52.4% | $457,182 |
| Q2 2023 | +13.7% | $341,246 |
| Q2 2025 | +3.9% | $311,715 |
How ZIP3 287 ranks
Over the past year ZIP3 287 ranks 398th of 882 3-digit ZIP regions nationally and 5th of 20 in North Carolina. Its one-year change is +0.9 pts versus the nation and +1.5 pts versus North Carolina. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in North Carolina |
|---|---|---|
| 1 year | 398th of 882 | 5th of 20 |
| 3 years | 545th of 882 | 11th of 20 |
| 5 years | 188th of 882 | 11th of 20 |
| 10 years | 94th of 882 | 4th of 20 |
| Since Q1 1995 | 138th of 879 | 3rd of 20 |
Boom, bust, and recovery in ZIP3 287
ZIP3 287's index peaked in Q1 2009, fell 16.6% to its low in Q2 2012, and regained its peak in Q2 2017, about 8.2 years after the top. Today it sits +106% 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 287 | Q1 2009 | Q2 2012 | -16.6% | Q2 2017 (8.2 yrs) | +106% |
| NC | Q1 2008 | Q2 2012 | -13.1% | Q4 2016 (8.8 yrs) | +109% |
| Metro | Q1 2008 | Q2 2012 | -15.3% | Q4 2015 (7.8 yrs) | +118% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 287's index has changed +108% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 287 after inflation | NC after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.0% | -1.4% | -2.4% | -0.8% |
| 3 years | +9.8% | +3.6% | +2.3% | -1.0% | +2.8% |
| 5 years | +24.0% | +22.9% | +22.1% | +17.1% | +13.9% |
| 10 years | +39.1% | +58.6% | +53.4% | +49.5% | +39.0% |
| Since Q1 1995 | +121% | +108% | +70.0% | +136% | +76.8% |
Estimate appreciation for a home in ZIP3 287
Regional estimate
$661,626
- Estimated gain
- $361,626
- Index change
- +121%
- Start index
- 208.84
- End index
- 460.58
ZIP3 287 (Hendersonville, 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 |
|---|---|---|---|---|
| 288 · Asheville, NC area | NC | -2.3% | +41.6% | +504% |
| 296 · Greenville, SC area | SC | +2.8% | +55.2% | +293% |
| 293 · Spartanburg, SC area | SC | +3.2% | +54.1% | +248% |
| 376 · Johnson City, TN area | TN | +4.3% | +61.8% | +302% |
| 378 · Oak Ridge, TN area | TN | +3.7% | +64.1% | +330% |
| 377 · Greeneville, TN area | TN | +3.9% | +62.1% | +348% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 460.58 |
| Q1 2026 | 456.15 |
| Q4 2025 | 453.97 |
| Q3 2025 | 444.37 |
| Q2 2025 | 443.27 |
| Q1 2025 | 445.68 |
| Q4 2024 | 435.59 |
| Q3 2024 | 438.90 |
| Q2 2024 | 435.68 |
| Q1 2024 | 415.34 |
| Q4 2023 | 414.21 |
| Q3 2023 | 413.55 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 287?
- Based on FHFA HPI® data for 3-digit ZIP region 287, the regional index changed +3.9% over the year to Q2 2026, +52.4% over five years, +121% over ten years, and +361% since Q1 1995.
- Is ZIP3 287 appreciating faster than North Carolina and the U.S.?
- Over the past year the region's index +3.9% compares with +2.4% for North Carolina and +3.0% for the U.S., a gap of +0.9 pts versus the nation. Over five years the gap versus the nation is +11.1 pts.
- Which ZIP codes are in 3-digit ZIP region 287?
- All ZIP codes that begin with 287. Census 2010 ZIP Code Tabulation Areas in this region run from 28701 to 28792 (70 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.