3-digit ZIP regional index
Home appreciation in ZIP codes 385xxCookeville, TN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 385 changed +4.4% over the year to Q2 2026, compared with +2.6% for Tennessee and +3.0% for the United States.
The region covers ZIP codes 38501–38589. Most of its 2010 population lived in Putnam County (31%), Cumberland County (23%), White County (11%). Communities in the region include Crossville, Fairfield Glade, Sparta, Livingston, Lake Tansi. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.4%
- 5-year change
- +55.4%
- Since Q1 1995
- +314%
- National rank (1 year)
- 337th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 385 vs Tennessee and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 385: 414.1
- Tennessee: 413.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 385 | TN | U.S. | Gap vs TN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.4% | +2.6% | +3.0% | +1.8 pts | +1.4 pts |
| 3 years | +13.8% | +11.8% | +12.9% | +2.0 pts | +1.0 pts |
| 5 years | +55.4% | +50.0% | +41.3% | +5.4 pts | +14.1 pts |
| 10 years | +131% | +119% | +93.3% | +11.5 pts | +37.2 pts |
| Since Q1 1995 | +314% | +313% | +292% | +0.8 pts | +22.5 pts |
If you bought in ZIP3 385 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 | +306% | $1,218,509 |
| Q2 2000 | +229% | $986,555 |
| Q2 2005 | +174% | $821,227 |
| Q2 2010 | +143% | $729,845 |
| Q2 2015 | +141% | $723,259 |
| Q2 2020 | +83.6% | $550,676 |
| Q2 2021 | +55.4% | $466,178 |
| Q2 2023 | +13.8% | $341,452 |
| Q2 2025 | +4.4% | $313,167 |
How ZIP3 385 ranks
Over the past year ZIP3 385 ranks 337th of 882 3-digit ZIP regions nationally and 2nd of 15 in Tennessee. Its one-year change is +1.4 pts versus the nation and +1.8 pts versus Tennessee. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Tennessee |
|---|---|---|
| 1 year | 337th of 882 | 2nd of 15 |
| 3 years | 538th of 882 | 8th of 15 |
| 5 years | 114th of 882 | 8th of 15 |
| 10 years | 37th of 882 | 6th of 15 |
| Since Q1 1995 | 264th of 879 | 9th of 15 |
Boom, bust, and recovery in ZIP3 385
ZIP3 385's index peaked in Q4 2007, fell 6.9% to its low in Q2 2012, and regained its peak in Q1 2016, about 8.2 years after the top. Today it sits +133% 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 385 | Q4 2007 | Q2 2012 | -6.9% | Q1 2016 (8.2 yrs) | +133% |
| TN | Q1 2008 | Q2 2011 | -8.9% | Q2 2015 (7.2 yrs) | +134% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 385's index has changed +87.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 385 after inflation | TN after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.5% | -1.2% | -0.8% |
| 3 years | +9.8% | +3.6% | +1.9% | +2.8% |
| 5 years | +24.0% | +25.3% | +20.9% | +13.9% |
| 10 years | +39.1% | +65.8% | +57.5% | +39.0% |
| Since Q1 1995 | +121% | +87.0% | +86.6% | +76.8% |
Estimate appreciation for a home in ZIP3 385
Regional estimate
$691,687
- Estimated gain
- $391,687
- Index change
- +131%
- Start index
- 179.60
- End index
- 414.09
ZIP3 385 (Cookeville, 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 |
|---|---|---|---|---|
| 426 · Monticello, KY area | KY | +5.6% | +50.5% | +243% |
| 373 · Cleveland, TN area | TN | +2.6% | +55.5% | +306% |
| 371 · Murfreesboro, TN area | TN | +1.7% | +47.6% | +343% |
| 421 · Bowling Green, KY area | KY | +4.2% | +46.2% | +224% |
| 374 · Chattanooga, TN area | TN | +0.9% | +49.1% | +352% |
| 379 · Knoxville, TN area | TN | +3.0% | +61.5% | +349% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 414.09 |
| Q1 2026 | 406.45 |
| Q4 2025 | 410.32 |
| Q3 2025 | 411.70 |
| Q2 2025 | 396.68 |
| Q1 2025 | 393.40 |
| Q4 2024 | 389.89 |
| Q3 2024 | 389.20 |
| Q2 2024 | 378.03 |
| Q1 2024 | 388.60 |
| Q4 2023 | 370.96 |
| Q3 2023 | 366.62 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 385?
- Based on FHFA HPI® data for 3-digit ZIP region 385, the regional index changed +4.4% over the year to Q2 2026, +55.4% over five years, +131% over ten years, and +314% since Q1 1995.
- Is ZIP3 385 appreciating faster than Tennessee and the U.S.?
- Over the past year the region's index +4.4% compares with +2.6% for Tennessee and +3.0% for the U.S., a gap of +1.4 pts versus the nation. Over five years the gap versus the nation is +14.1 pts.
- Which ZIP codes are in 3-digit ZIP region 385?
- All ZIP codes that begin with 385. Census 2010 ZIP Code Tabulation Areas in this region run from 38501 to 38589 (45 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.