3-digit ZIP regional index
Home appreciation in ZIP codes 346xxDunedin, FL area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 346 changed +0.5% over the year to Q2 2026, compared with +1.4% for Florida and +3.0% for the United States.
The region covers ZIP codes 34601–34698. Most of its 2010 population lived in Pasco County (46%), Pinellas County (28%), Hernando County (26%). Communities in the region include Spring Hill, Palm Harbor, East Lake, Tarpon Springs, Bayonet Point. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +0.5%
- 5-year change
- +45.6%
- Since Q1 1995
- +391%
- National rank (1 year)
- 795th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 346 vs Florida and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 346: 491.5
- Florida: 500.7
- Tampa, FL metro: 516.6
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 346 | FL | U.S. | Gap vs FL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.5% | +1.4% | +3.0% | −0.9 pts | −2.5 pts |
| 3 years | +4.0% | +6.6% | +12.9% | −2.6 pts | −8.9 pts |
| 5 years | +45.6% | +46.0% | +41.3% | −0.4 pts | +4.3 pts |
| 10 years | +144% | +120% | +93.3% | +24.4 pts | +51.1 pts |
| Since Q1 1995 | +391% | +401% | +292% | −9.2 pts | +99.9 pts |
If you bought in ZIP3 346 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 | +382% | $1,446,463 |
| Q2 2000 | +299% | $1,197,515 |
| Q2 2005 | +114% | $642,180 |
| Q2 2010 | +200% | $901,100 |
| Q2 2015 | +168% | $805,100 |
| Q2 2020 | +73.8% | $521,351 |
| Q2 2021 | +45.6% | $436,711 |
| Q2 2023 | +4.0% | $311,979 |
| Q2 2025 | +0.5% | $301,571 |
How ZIP3 346 ranks
Over the past year ZIP3 346 ranks 795th of 882 3-digit ZIP regions nationally and 16th of 25 in Florida. Its one-year change is −2.5 pts versus the nation and −0.9 pts versus Florida. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Florida |
|---|---|---|
| 1 year | 795th of 882 | 16th of 25 |
| 3 years | 842nd of 882 | 19th of 25 |
| 5 years | 406th of 882 | 14th of 25 |
| 10 years | 9th of 882 | 1st of 25 |
| Since Q1 1995 | 92nd of 879 | 8th of 25 |
Boom, bust, and recovery in ZIP3 346
ZIP3 346's index peaked in Q4 2006, fell 47.9% to its low in Q2 2012, and regained its peak in Q1 2020, about 13.2 years after the top. Today it sits +77.1% 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 346 | Q4 2006 | Q2 2012 | -47.9% | Q1 2020 (13.2 yrs) | +77.1% |
| FL | Q4 2006 | Q2 2012 | -44.7% | Q1 2020 (13.2 yrs) | +72.0% |
| Metro | Q4 2006 | Q2 2012 | -44.5% | Q3 2019 (12.8 yrs) | +82.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 346's index has changed +122% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 346 after inflation | FL after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -3.2% | -2.4% | -2.7% | -0.8% |
| 3 years | +9.8% | -5.3% | -2.9% | -3.5% | +2.8% |
| 5 years | +24.0% | +17.4% | +17.7% | +19.2% | +13.9% |
| 10 years | +39.1% | +75.7% | +58.2% | +70.7% | +39.0% |
| Since Q1 1995 | +121% | +122% | +126% | +133% | +76.8% |
Estimate appreciation for a home in ZIP3 346
Regional estimate
$733,194
- Estimated gain
- $433,194
- Index change
- +144%
- Start index
- 201.09
- End index
- 491.46
ZIP3 346 (Dunedin, 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 |
|---|---|---|---|---|
| 336 · Tampa, FL area | FL | +0.6% | +47.9% | +508% |
| 335 · Plant City, FL area | FL | -0.5% | +45.6% | +344% |
| 337 · St. Petersburg, FL area | FL | +0.3% | +44.3% | +517% |
| 344 · Ocala, FL area | FL | +3.8% | +51.8% | +313% |
| 338 · Lakeland, FL area | FL | +3.9% | +46.3% | +330% |
| 347 · Kissimmee, FL area | FL | +0.4% | +47.8% | +334% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 491.46 |
| Q1 2026 | 489.76 |
| Q4 2025 | 488.95 |
| Q3 2025 | 487.68 |
| Q2 2025 | 488.90 |
| Q1 2025 | 481.19 |
| Q4 2024 | 489.45 |
| Q3 2024 | 492.54 |
| Q2 2024 | 485.08 |
| Q1 2024 | 480.54 |
| Q4 2023 | 480.70 |
| Q3 2023 | 483.12 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 346?
- Based on FHFA HPI® data for 3-digit ZIP region 346, the regional index changed +0.5% over the year to Q2 2026, +45.6% over five years, +144% over ten years, and +391% since Q1 1995.
- Is ZIP3 346 appreciating faster than Florida and the U.S.?
- Over the past year the region's index +0.5% compares with +1.4% for Florida and +3.0% for the U.S., a gap of −2.5 pts versus the nation. Over five years the gap versus the nation is +4.3 pts.
- Which ZIP codes are in 3-digit ZIP region 346?
- All ZIP codes that begin with 346. Census 2010 ZIP Code Tabulation Areas in this region run from 34601 to 34698 (33 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.