3-digit ZIP regional index
Home appreciation in ZIP codes 288xxAsheville, NC area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 288 changed -2.3% 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 28801–28806. Most of its 2010 population lived in Buncombe County (100%). Communities in the region include Woodfin, Biltmore Forest, Bent Creek, Royal Pines, Weaverville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- -2.3%
- 5-year change
- +41.6%
- Since Q1 1995
- +504%
- National rank (1 year)
- 872nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 288 vs North Carolina and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 288: 604.0
- 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 288 | NC | U.S. | Gap vs NC | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -2.3% | +2.4% | +3.0% | −4.7 pts | −5.3 pts |
| 3 years | +5.4% | +12.3% | +12.9% | −7.0 pts | −7.5 pts |
| 5 years | +41.6% | +51.4% | +41.3% | −9.8 pts | +0.3 pts |
| 10 years | +101% | +113% | +93.3% | −12.7 pts | +7.2 pts |
| Since Q1 1995 | +504% | +276% | +292% | +227.7 pts | +212.5 pts |
If you bought in ZIP3 288 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 | +515% | $1,846,057 |
| Q2 2000 | +326% | $1,277,289 |
| Q2 2005 | +188% | $862,859 |
| Q2 2010 | +151% | $752,373 |
| Q2 2015 | +122% | $665,329 |
| Q2 2020 | +61.0% | $482,992 |
| Q2 2021 | +41.6% | $424,875 |
| Q2 2023 | +5.4% | $316,103 |
| Q2 2025 | -2.3% | $293,190 |
How ZIP3 288 ranks
Over the past year ZIP3 288 ranks 872nd of 882 3-digit ZIP regions nationally and 20th of 20 in North Carolina. Its one-year change is −5.3 pts versus the nation and −4.7 pts versus North Carolina. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in North Carolina |
|---|---|---|
| 1 year | 872nd of 882 | 20th of 20 |
| 3 years | 815th of 882 | 19th of 20 |
| 5 years | 536th of 882 | 20th of 20 |
| 10 years | 311th of 882 | 17th of 20 |
| Since Q1 1995 | 15th of 879 | 1st of 20 |
Boom, bust, and recovery in ZIP3 288
ZIP3 288's index peaked in Q2 2008, fell 13.7% to its low in Q2 2012, and regained its peak in Q1 2015, about 6.8 years after the top. Today it sits +128% 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 288 | Q2 2008 | Q2 2012 | -13.7% | Q1 2015 (6.8 yrs) | +128% |
| 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 288's index has changed +173% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 288 after inflation | NC after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -5.9% | -1.4% | -2.4% | -0.8% |
| 3 years | +9.8% | -4.0% | +2.3% | -1.0% | +2.8% |
| 5 years | +24.0% | +14.2% | +22.1% | +17.1% | +13.9% |
| 10 years | +39.1% | +44.2% | +53.4% | +49.5% | +39.0% |
| Since Q1 1995 | +121% | +173% | +70.0% | +136% | +76.8% |
Estimate appreciation for a home in ZIP3 288
Regional estimate
$601,683
- Estimated gain
- $301,683
- Index change
- +101%
- Start index
- 301.17
- End index
- 604.03
ZIP3 288 (Asheville, 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 |
|---|---|---|---|---|
| 287 · Hendersonville, NC area | NC | +3.9% | +52.4% | +361% |
| 376 · Johnson City, TN area | TN | +4.3% | +61.8% | +302% |
| 293 · Spartanburg, SC area | SC | +3.2% | +54.1% | +248% |
| 296 · Greenville, SC area | SC | +2.8% | +55.2% | +293% |
| 286 · Hickory, NC area | NC | +2.5% | +55.7% | +263% |
| 378 · Oak Ridge, TN area | TN | +3.7% | +64.1% | +330% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 604.03 |
| Q1 2026 | 602.38 |
| Q4 2025 | 605.28 |
| Q3 2025 | 604.21 |
| Q2 2025 | 618.06 |
| Q1 2025 | 601.05 |
| Q4 2024 | 598.36 |
| Q3 2024 | 605.28 |
| Q2 2024 | 591.86 |
| Q1 2024 | 568.10 |
| Q4 2023 | 566.86 |
| Q3 2023 | 584.35 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 288?
- Based on FHFA HPI® data for 3-digit ZIP region 288, the regional index changed -2.3% over the year to Q2 2026, +41.6% over five years, +101% over ten years, and +504% since Q1 1995.
- Is ZIP3 288 appreciating faster than North Carolina and the U.S.?
- Over the past year the region's index -2.3% compares with +2.4% for North Carolina and +3.0% for the U.S., a gap of −5.3 pts versus the nation. Over five years the gap versus the nation is +0.3 pts.
- Which ZIP codes are in 3-digit ZIP region 288?
- All ZIP codes that begin with 288. Census 2010 ZIP Code Tabulation Areas in this region run from 28801 to 28806 (5 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.