3-digit ZIP regional index
Home appreciation in ZIP codes 338xxLakeland, FL area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 338 changed +3.9% over the year to Q2 2026, compared with +1.4% for Florida and +3.0% for the United States.
The region covers ZIP codes 33801–33898. Most of its 2010 population lived in Polk County (82%), Highlands County (14%). Communities in the region include Winter Haven, Haines City, Bartow, Lake Wales, Auburndale. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.9%
- 5-year change
- +46.3%
- Since Q1 1995
- +330%
- National rank (1 year)
- 399th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 338 vs Florida and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 338: 429.5
- Florida: 500.7
- Lakeland-Winter Haven, FL metro: 424.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 338 | FL | U.S. | Gap vs FL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.4% | +3.0% | +2.5 pts | +0.9 pts |
| 3 years | +5.0% | +6.6% | +12.9% | −1.6 pts | −7.8 pts |
| 5 years | +46.3% | +46.0% | +41.3% | +0.3 pts | +5.0 pts |
| 10 years | +132% | +120% | +93.3% | +12.1 pts | +38.8 pts |
| Since Q1 1995 | +330% | +401% | +292% | −71.2 pts | +38.0 pts |
If you bought in ZIP3 338 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 | +327% | $1,281,767 |
| Q2 2000 | +264% | $1,092,093 |
| Q2 2005 | +120% | $660,732 |
| Q2 2010 | +169% | $805,702 |
| Q2 2015 | +152% | $756,197 |
| Q2 2020 | +69.1% | $507,187 |
| Q2 2021 | +46.3% | $438,763 |
| Q2 2023 | +5.0% | $315,074 |
| Q2 2025 | +3.9% | $311,698 |
How ZIP3 338 ranks
Over the past year ZIP3 338 ranks 399th of 882 3-digit ZIP regions nationally and 3rd of 25 in Florida. Its one-year change is +0.9 pts versus the nation and +2.5 pts versus Florida. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Florida |
|---|---|---|
| 1 year | 399th of 882 | 3rd of 25 |
| 3 years | 826th of 882 | 17th of 25 |
| 5 years | 380th of 882 | 11th of 25 |
| 10 years | 27th of 882 | 7th of 25 |
| Since Q1 1995 | 207th of 879 | 20th of 25 |
Boom, bust, and recovery in ZIP3 338
ZIP3 338's index peaked in Q1 2007, fell 46.6% to its low in Q2 2012, and regained its peak in Q3 2020, about 13.5 years after the top. Today it sits +67.4% 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 338 | Q1 2007 | Q2 2012 | -46.6% | Q3 2020 (13.5 yrs) | +67.4% |
| FL | Q4 2006 | Q2 2012 | -44.7% | Q1 2020 (13.2 yrs) | +72.0% |
| Metro | Q1 2007 | Q2 2012 | -46.1% | Q1 2020 (13 yrs) | +68.6% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 338's index has changed +94.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 338 after inflation | FL after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.0% | -2.4% | -1.4% | -0.8% |
| 3 years | +9.8% | -4.3% | -2.9% | -6.5% | +2.8% |
| 5 years | +24.0% | +17.9% | +17.7% | +15.2% | +13.9% |
| 10 years | +39.1% | +66.9% | +58.2% | +63.2% | +39.0% |
| Since Q1 1995 | +121% | +94.0% | +126% | +91.9% | +76.8% |
Estimate appreciation for a home in ZIP3 338
Regional estimate
$696,293
- Estimated gain
- $396,293
- Index change
- +132%
- Start index
- 185.06
- End index
- 429.52
ZIP3 338 (Lakeland, 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 |
|---|---|---|---|---|
| 335 · Plant City, FL area | FL | -0.5% | +45.6% | +344% |
| 347 · Kissimmee, FL area | FL | +0.4% | +47.8% | +334% |
| 336 · Tampa, FL area | FL | +0.6% | +47.9% | +508% |
| 328 · Orlando, FL area | FL | +2.3% | +46.1% | +369% |
| 346 · Dunedin, FL area | FL | +0.5% | +45.6% | +391% |
| 342 · North Port, FL area | FL | -1.0% | +37.0% | +375% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 429.52 |
| Q1 2026 | 429.24 |
| Q4 2025 | 429.15 |
| Q3 2025 | 413.66 |
| Q2 2025 | 413.40 |
| Q1 2025 | 422.68 |
| Q4 2024 | 424.46 |
| Q3 2024 | 421.79 |
| Q2 2024 | 416.34 |
| Q1 2024 | 416.67 |
| Q4 2023 | 418.52 |
| Q3 2023 | 413.71 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 338?
- Based on FHFA HPI® data for 3-digit ZIP region 338, the regional index changed +3.9% over the year to Q2 2026, +46.3% over five years, +132% over ten years, and +330% since Q1 1995.
- Is ZIP3 338 appreciating faster than Florida and the U.S.?
- Over the past year the region's index +3.9% compares with +1.4% for Florida 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 +5.0 pts.
- Which ZIP codes are in 3-digit ZIP region 338?
- All ZIP codes that begin with 338. Census 2010 ZIP Code Tabulation Areas in this region run from 33801 to 33898 (49 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.