3-digit ZIP regional index
Home appreciation in ZIP codes 312xxMacon, GA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 312 changed +2.1% over the year to Q2 2026, compared with +1.9% for Georgia and +3.0% for the United States.
The region covers ZIP codes 31201–31220. Most of its 2010 population lived in Bibb County (90%), Jones County (7%). Communities in the region include Payne. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.1%
- 5-year change
- +49.9%
- Since Q1 1995
- +161%
- National rank (1 year)
- 649th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 312 vs Georgia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 312: 260.7
- Georgia: 375.3
- Macon-Bibb County, GA metro: 275.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 312 | GA | U.S. | Gap vs GA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.1% | +1.9% | +3.0% | +0.2 pts | −0.9 pts |
| 3 years | +17.5% | +10.9% | +12.9% | +6.6 pts | +4.6 pts |
| 5 years | +49.9% | +47.6% | +41.3% | +2.3 pts | +8.6 pts |
| 10 years | +94.5% | +112% | +93.3% | −17.7 pts | +1.2 pts |
| Since Q1 1995 | +161% | +275% | +292% | −114.6 pts | −130.8 pts |
If you bought in ZIP3 312 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 | +155% | $766,281 |
| Q2 2000 | +117% | $651,090 |
| Q2 2005 | +80.5% | $541,591 |
| Q2 2010 | +85.3% | $555,830 |
| Q2 2015 | +94.8% | $584,313 |
| Q2 2020 | +67.2% | $501,520 |
| Q2 2021 | +49.9% | $449,707 |
| Q2 2023 | +17.5% | $352,447 |
| Q2 2025 | +2.1% | $306,261 |
How ZIP3 312 ranks
Over the past year ZIP3 312 ranks 649th of 882 3-digit ZIP regions nationally and 14th of 20 in Georgia. Its one-year change is −0.9 pts versus the nation and +0.2 pts versus Georgia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Georgia |
|---|---|---|
| 1 year | 649th of 882 | 14th of 20 |
| 3 years | 318th of 882 | 5th of 20 |
| 5 years | 273rd of 882 | 11th of 20 |
| 10 years | 389th of 882 | 15th of 20 |
| Since Q1 1995 | 859th of 879 | 20th of 20 |
Boom, bust, and recovery in ZIP3 312
ZIP3 312's index peaked in Q1 2008, fell 18.8% to its low in Q2 2012, and regained its peak in Q3 2020, about 12.5 years after the top. Today it sits +65.8% 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 312 | Q1 2008 | Q2 2012 | -18.8% | Q3 2020 (12.5 yrs) | +65.8% |
| GA | Q1 2008 | Q2 2012 | -24.4% | Q2 2017 (9.2 yrs) | +103% |
| Metro | Q1 2008 | Q1 2013 | -18.4% | Q2 2020 (12.2 yrs) | +70.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 312's index has changed +17.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 312 after inflation | GA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.7% | -1.9% | -1.1% | -0.8% |
| 3 years | +9.8% | +7.0% | +1.0% | +8.6% | +2.8% |
| 5 years | +24.0% | +20.9% | +19.0% | +23.3% | +13.9% |
| 10 years | +39.1% | +39.9% | +52.6% | +41.4% | +39.0% |
| Since Q1 1995 | +121% | +17.8% | +69.5% | +24.3% | +76.8% |
Estimate appreciation for a home in ZIP3 312
Regional estimate
$583,529
- Estimated gain
- $283,529
- Index change
- +94.51%
- Start index
- 134.05
- End index
- 260.74
ZIP3 312 (Macon, GA 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 |
|---|---|---|---|---|
| 310 · Warner Robins, GA area | GA | +5.9% | +58.3% | +226% |
| 302 · Peachtree City, GA area | GA | +2.5% | +49.2% | +236% |
| 318 · Columbus, GA area | GA | +1.4% | +42.5% | +178% |
| 306 · Athens-Clarke County, GA area | GA | +0.9% | +53.6% | +325% |
| 319 · Columbus, GA area | GA | +3.8% | +42.1% | +173% |
| 303 · Atlanta, GA area | GA | +1.3% | +32.8% | +387% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 260.74 |
| Q1 2026 | 256.46 |
| Q4 2025 | 253.13 |
| Q3 2025 | 254.52 |
| Q2 2025 | 255.41 |
| Q1 2025 | 245.03 |
| Q4 2024 | 247.08 |
| Q3 2024 | 242.29 |
| Q2 2024 | 233.15 |
| Q1 2024 | 218.54 |
| Q4 2023 | 220.70 |
| Q3 2023 | 223.78 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 312?
- Based on FHFA HPI® data for 3-digit ZIP region 312, the regional index changed +2.1% over the year to Q2 2026, +49.9% over five years, +94.5% over ten years, and +161% since Q1 1995.
- Is ZIP3 312 appreciating faster than Georgia and the U.S.?
- Over the past year the region's index +2.1% compares with +1.9% for Georgia 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 +8.6 pts.
- Which ZIP codes are in 3-digit ZIP region 312?
- All ZIP codes that begin with 312. Census 2010 ZIP Code Tabulation Areas in this region run from 31201 to 31220 (10 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.