3-digit ZIP regional index
Home appreciation in ZIP codes 383xxJackson, TN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 383 changed +3.9% over the year to Q2 2026, compared with +2.6% for Tennessee and +3.0% for the United States.
The region covers ZIP codes 38301–38392. Most of its 2010 population lived in Madison County (34%), Gibson County (17%), Henderson County (10%). Communities in the region include Humboldt, Milan, Lexington, Savannah, Henderson. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.9%
- 5-year change
- +57.9%
- Since Q1 1995
- +217%
- National rank (1 year)
- 392nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 383 vs Tennessee and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 383: 316.5
- Tennessee: 413.2
- Jackson, TN metro: 307.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 383 | TN | U.S. | Gap vs TN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.6% | +3.0% | +1.3 pts | +0.9 pts |
| 3 years | +17.9% | +11.8% | +12.9% | +6.1 pts | +5.1 pts |
| 5 years | +57.9% | +50.0% | +41.3% | +7.9 pts | +16.6 pts |
| 10 years | +115% | +119% | +93.3% | −4.5 pts | +21.2 pts |
| Since Q1 1995 | +217% | +313% | +292% | −96.7 pts | −75.0 pts |
If you bought in ZIP3 383 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 | +207% | $921,395 |
| Q2 2000 | +164% | $791,919 |
| Q2 2005 | +127% | $681,394 |
| Q2 2010 | +119% | $656,202 |
| Q2 2015 | +119% | $657,065 |
| Q2 2020 | +79.6% | $538,836 |
| Q2 2021 | +57.8% | $473,540 |
| Q2 2023 | +18.0% | $353,862 |
| Q2 2025 | +3.9% | $311,801 |
How ZIP3 383 ranks
Over the past year ZIP3 383 ranks 392nd of 882 3-digit ZIP regions nationally and 5th of 15 in Tennessee. Its one-year change is +0.9 pts versus the nation and +1.3 pts versus Tennessee. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Tennessee |
|---|---|---|
| 1 year | 392nd of 882 | 5th of 15 |
| 3 years | 302nd of 882 | 1st of 15 |
| 5 years | 75th of 882 | 6th of 15 |
| 10 years | 139th of 882 | 12th of 15 |
| Since Q1 1995 | 696th of 879 | 13th of 15 |
Boom, bust, and recovery in ZIP3 383
ZIP3 383's index peaked in Q1 2008, fell 8.0% to its low in Q2 2011, and regained its peak in Q4 2016, about 8.8 years after the top. Today it sits +108% 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 383 | Q1 2008 | Q2 2011 | -8.0% | Q4 2016 (8.8 yrs) | +108% |
| TN | Q1 2008 | Q2 2011 | -8.9% | Q2 2015 (7.2 yrs) | +134% |
| Metro | Q2 2007 | Q2 2011 | -10.7% | Q1 2017 (9.8 yrs) | +108% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 383's index has changed +43.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 383 after inflation | TN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.1% | -1.2% | +2.1% | -0.8% |
| 3 years | +9.8% | +7.4% | +1.9% | +7.5% | +2.8% |
| 5 years | +24.0% | +27.3% | +20.9% | +26.1% | +13.9% |
| 10 years | +39.1% | +54.3% | +57.5% | +55.6% | +39.0% |
| Since Q1 1995 | +121% | +43.0% | +86.6% | +38.8% | +76.8% |
Estimate appreciation for a home in ZIP3 383
Regional estimate
$643,659
- Estimated gain
- $343,659
- Index change
- +115%
- Start index
- 147.53
- End index
- 316.53
ZIP3 383 (Jackson, 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 |
|---|---|---|---|---|
| 382 · Martin, TN area | TN | +3.6% | +58.3% | +309% |
| 380 · Memphis, TN area | TN | +4.2% | +40.9% | +180% |
| 384 · Columbia, TN area | TN | +5.0% | +55.3% | +348% |
| 381 · Memphis, TN area | TN | +0.4% | +26.1% | +186% |
| 388 · Tupelo, MS area | MS | +2.1% | +35.1% | +183% |
| 420 · Paducah, KY area | KY | +5.3% | +48.2% | +213% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 316.53 |
| Q1 2026 | 309.03 |
| Q4 2025 | 312.66 |
| Q3 2025 | 305.91 |
| Q2 2025 | 304.55 |
| Q1 2025 | 302.98 |
| Q4 2024 | 298.63 |
| Q3 2024 | 291.55 |
| Q2 2024 | 295.34 |
| Q1 2024 | 280.78 |
| Q4 2023 | 285.45 |
| Q3 2023 | 285.95 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 383?
- Based on FHFA HPI® data for 3-digit ZIP region 383, the regional index changed +3.9% over the year to Q2 2026, +57.9% over five years, +115% over ten years, and +217% since Q1 1995.
- Is ZIP3 383 appreciating faster than Tennessee and the U.S.?
- Over the past year the region's index +3.9% compares with +2.6% for Tennessee 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 +16.6 pts.
- Which ZIP codes are in 3-digit ZIP region 383?
- All ZIP codes that begin with 383. Census 2010 ZIP Code Tabulation Areas in this region run from 38301 to 38392 (59 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.