3-digit ZIP regional index
Home appreciation in ZIP codes 380xxMemphis, TN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 380 changed +4.2% over the year to Q2 2026, compared with +2.6% for Tennessee and +3.0% for the United States.
The region covers ZIP codes 38001–38080. Most of its 2010 population lived in Shelby County (45%), Tipton County (15%), Fayette County (9%). Communities in the region include Collierville, Dyersburg, Lakeland, Arlington, Brownsville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.2%
- 5-year change
- +40.9%
- Since Q1 1995
- +180%
- National rank (1 year)
- 360th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 380 vs Tennessee and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 380: 279.9
- Tennessee: 413.2
- Memphis, TN-MS-AR metro: 283.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 380 | TN | U.S. | Gap vs TN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.2% | +2.6% | +3.0% | +1.6 pts | +1.1 pts |
| 3 years | +9.8% | +11.8% | +12.9% | −2.1 pts | −3.1 pts |
| 5 years | +40.9% | +50.0% | +41.3% | −9.1 pts | −0.4 pts |
| 10 years | +93.4% | +119% | +93.3% | −25.7 pts | +0.1 pts |
| Since Q1 1995 | +180% | +313% | +292% | −133.4 pts | −111.7 pts |
If you bought in ZIP3 380 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 | +175% | $825,524 |
| Q2 2000 | +130% | $688,964 |
| Q2 2005 | +99.4% | $598,162 |
| Q2 2010 | +105% | $615,166 |
| Q2 2015 | +102% | $606,589 |
| Q2 2020 | +58.5% | $475,636 |
| Q2 2021 | +40.9% | $422,758 |
| Q2 2023 | +9.8% | $329,374 |
| Q2 2025 | +4.2% | $312,506 |
How ZIP3 380 ranks
Over the past year ZIP3 380 ranks 360th of 882 3-digit ZIP regions nationally and 4th of 15 in Tennessee. Its one-year change is +1.1 pts versus the nation and +1.6 pts versus Tennessee. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Tennessee |
|---|---|---|
| 1 year | 360th of 882 | 4th of 15 |
| 3 years | 723rd of 882 | 12th of 15 |
| 5 years | 551st of 882 | 13th of 15 |
| 10 years | 400th of 882 | 14th of 15 |
| Since Q1 1995 | 834th of 879 | 15th of 15 |
Boom, bust, and recovery in ZIP3 380
ZIP3 380's index peaked in Q2 2007, fell 14.2% to its low in Q2 2012, and regained its peak in Q2 2017, about 10 years after the top. Today it sits +86.0% 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 380 | Q2 2007 | Q2 2012 | -14.2% | Q2 2017 (10 yrs) | +86.0% |
| TN | Q1 2008 | Q2 2011 | -8.9% | Q2 2015 (7.2 yrs) | +134% |
| Metro | Q2 2007 | Q2 2012 | -14.7% | Q2 2017 (10 yrs) | +80.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 380's index has changed +26.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 380 after inflation | TN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.3% | -1.2% | -2.0% | -0.8% |
| 3 years | +9.8% | -0.0% | +1.9% | -3.5% | +2.8% |
| 5 years | +24.0% | +13.6% | +20.9% | +7.3% | +13.9% |
| 10 years | +39.1% | +39.1% | +57.5% | +35.0% | +39.0% |
| Since Q1 1995 | +121% | +26.4% | +86.6% | +28.0% | +76.8% |
Estimate appreciation for a home in ZIP3 380
Regional estimate
$580,263
- Estimated gain
- $280,263
- Index change
- +93.42%
- Start index
- 144.70
- End index
- 279.88
ZIP3 380 (Memphis, TN 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 |
|---|---|---|---|---|
| 381 · Memphis, TN area | TN | +0.4% | +26.1% | +186% |
| 723 · West Memphis, AR area | AR | +4.0% | +45.2% | +203% |
| 386 · Southaven, MS area | MS | +3.5% | +50.9% | +221% |
| 383 · Jackson, TN area | TN | +3.9% | +57.9% | +217% |
| 724 · Jonesboro, AR area | AR | -0.9% | +31.1% | +169% |
| 382 · Martin, TN area | TN | +3.6% | +58.3% | +309% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 279.88 |
| Q1 2026 | 278.87 |
| Q4 2025 | 274.13 |
| Q3 2025 | 273.46 |
| Q2 2025 | 268.68 |
| Q1 2025 | 270.17 |
| Q4 2024 | 265.53 |
| Q3 2024 | 266.09 |
| Q2 2024 | 265.10 |
| Q1 2024 | 258.68 |
| Q4 2023 | 256.55 |
| Q3 2023 | 258.95 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 380?
- Based on FHFA HPI® data for 3-digit ZIP region 380, the regional index changed +4.2% over the year to Q2 2026, +40.9% over five years, +93.4% over ten years, and +180% since Q1 1995.
- Is ZIP3 380 appreciating faster than Tennessee and the U.S.?
- Over the past year the region's index +4.2% compares with +2.6% for Tennessee and +3.0% for the U.S., a gap of +1.1 pts versus the nation. Over five years the gap versus the nation is −0.4 pts.
- Which ZIP codes are in 3-digit ZIP region 380?
- All ZIP codes that begin with 380. Census 2010 ZIP Code Tabulation Areas in this region run from 38001 to 38080 (50 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.