3-digit ZIP regional index
Home appreciation in ZIP codes 323xxTallahassee, FL area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 323 changed +5.0% over the year to Q2 2026, compared with +1.4% for Florida and +3.0% for the United States.
The region covers ZIP codes 32301–32399. Most of its 2010 population lived in Leon County (65%), Gadsden County (11%), Wakulla County (7%). Communities in the region include Quincy, Perry, Crawfordville, Chattahoochee, Midway. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +5.0%
- 5-year change
- +42.3%
- Since Q1 1995
- +251%
- National rank (1 year)
- 265th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 323 vs Florida and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 323: 351.1
- Florida: 500.7
- Tallahassee, FL metro: 350.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 323 | FL | U.S. | Gap vs FL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.0% | +1.4% | +3.0% | +3.6 pts | +2.0 pts |
| 3 years | +10.6% | +6.6% | +12.9% | +4.0 pts | −2.2 pts |
| 5 years | +42.3% | +46.0% | +41.3% | −3.7 pts | +1.0 pts |
| 10 years | +95.2% | +120% | +93.3% | −24.8 pts | +1.9 pts |
| Since Q1 1995 | +251% | +401% | +292% | −149.6 pts | −40.5 pts |
If you bought in ZIP3 323 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 | +249% | $1,045,770 |
| Q2 2000 | +196% | $888,261 |
| Q2 2005 | +88.1% | $564,348 |
| Q2 2010 | +95.9% | $587,746 |
| Q2 2015 | +107% | $622,003 |
| Q2 2020 | +58.2% | $474,609 |
| Q2 2021 | +42.3% | $426,973 |
| Q2 2023 | +10.6% | $331,863 |
| Q2 2025 | +5.0% | $314,963 |
How ZIP3 323 ranks
Over the past year ZIP3 323 ranks 265th of 882 3-digit ZIP regions nationally and 2nd of 25 in Florida. Its one-year change is +2.0 pts versus the nation and +3.6 pts versus Florida. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Florida |
|---|---|---|
| 1 year | 265th of 882 | 2nd of 25 |
| 3 years | 687th of 882 | 4th of 25 |
| 5 years | 519th of 882 | 19th of 25 |
| 10 years | 382nd of 882 | 24th of 25 |
| Since Q1 1995 | 490th of 879 | 25th of 25 |
Boom, bust, and recovery in ZIP3 323
ZIP3 323's index peaked in Q1 2007, fell 31.1% to its low in Q4 2012, and regained its peak in Q4 2020, about 13.8 years after the top. Today it sits +56.4% 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 323 | Q1 2007 | Q4 2012 | -31.1% | Q4 2020 (13.8 yrs) | +56.4% |
| FL | Q4 2006 | Q2 2012 | -44.7% | Q1 2020 (13.2 yrs) | +72.0% |
| Metro | Q1 2007 | Q4 2012 | -30.2% | Q2 2020 (13.2 yrs) | +58.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 323's index has changed +58.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 323 after inflation | FL after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.1% | -2.4% | +1.1% | -0.8% |
| 3 years | +9.8% | +0.7% | -2.9% | +1.3% | +2.8% |
| 5 years | +24.0% | +14.8% | +17.7% | +15.2% | +13.9% |
| 10 years | +39.1% | +40.4% | +58.2% | +39.3% | +39.0% |
| Since Q1 1995 | +121% | +58.6% | +126% | +58.1% | +76.8% |
Estimate appreciation for a home in ZIP3 323
Regional estimate
$585,655
- Estimated gain
- $285,655
- Index change
- +95.22%
- Start index
- 179.85
- End index
- 351.10
ZIP3 323 (Tallahassee, FL 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 |
|---|---|---|---|---|
| 398 · Bainbridge, GA area | GA | +3.4% | +56.5% | +283% |
| 316 · Valdosta, GA area | GA | +10.0% | +56.7% | +207% |
| 317 · Albany, GA area | GA | +4.6% | +48.5% | +202% |
| 324 · Panama City, FL area | FL | +5.7% | +46.4% | +348% |
| 363 · Dothan, AL area | AL | -1.1% | +41.4% | +176% |
| 326 · Gainesville, FL area | FL | +1.6% | +44.0% | +312% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 351.10 |
| Q1 2026 | 341.13 |
| Q4 2025 | 340.09 |
| Q3 2025 | 338.70 |
| Q2 2025 | 334.42 |
| Q1 2025 | 336.14 |
| Q4 2024 | 334.96 |
| Q3 2024 | 334.29 |
| Q2 2024 | 330.28 |
| Q1 2024 | 326.95 |
| Q4 2023 | 314.58 |
| Q3 2023 | 329.51 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 323?
- Based on FHFA HPI® data for 3-digit ZIP region 323, the regional index changed +5.0% over the year to Q2 2026, +42.3% over five years, +95.2% over ten years, and +251% since Q1 1995.
- Is ZIP3 323 appreciating faster than Florida and the U.S.?
- Over the past year the region's index +5.0% compares with +1.4% for Florida and +3.0% for the U.S., a gap of +2.0 pts versus the nation. Over five years the gap versus the nation is +1.0 pts.
- Which ZIP codes are in 3-digit ZIP region 323?
- All ZIP codes that begin with 323. Census 2010 ZIP Code Tabulation Areas in this region run from 32301 to 32399 (38 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.