3-digit ZIP regional index
Home appreciation in ZIP codes 386xxSouthaven, MS area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 386 changed +3.5% over the year to Q2 2026, compared with +3.7% for Mississippi and +3.0% for the United States.
The region covers ZIP codes 38601–38685. Most of its 2010 population lived in DeSoto County (40%), Lafayette County (11%), Marshall County (9%). Communities in the region include Olive Branch, Horn Lake, Oxford, Clarksdale, Hernando. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.5%
- 5-year change
- +50.9%
- Since Q1 1995
- +221%
- National rank (1 year)
- 461st
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 386 vs Mississippi and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 386: 320.9
- Mississippi: 294.4
- 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 386 | MS | U.S. | Gap vs MS | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.5% | +3.7% | +3.0% | −0.2 pts | +0.5 pts |
| 3 years | +17.8% | +14.2% | +12.9% | +3.6 pts | +4.9 pts |
| 5 years | +50.9% | +39.7% | +41.3% | +11.2 pts | +9.6 pts |
| 10 years | +95.3% | +70.1% | +93.3% | +25.2 pts | +2.0 pts |
| Since Q1 1995 | +221% | +194% | +292% | +26.6 pts | −70.6 pts |
If you bought in ZIP3 386 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 | +215% | $945,302 |
| Q2 2000 | +152% | $755,129 |
| Q2 2005 | +112% | $634,709 |
| Q2 2010 | +110% | $630,016 |
| Q2 2015 | +99.7% | $599,160 |
| Q2 2020 | +66.9% | $500,801 |
| Q2 2021 | +50.9% | $452,737 |
| Q2 2023 | +17.8% | $353,421 |
| Q2 2025 | +3.5% | $310,477 |
How ZIP3 386 ranks
Over the past year ZIP3 386 ranks 461st of 882 3-digit ZIP regions nationally and 8th of 12 in Mississippi. Its one-year change is +0.5 pts versus the nation and −0.2 pts versus Mississippi. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Mississippi |
|---|---|---|
| 1 year | 461st of 882 | 8th of 12 |
| 3 years | 307th of 882 | 2nd of 12 |
| 5 years | 222nd of 882 | 1st of 12 |
| 10 years | 381st of 882 | 1st of 12 |
| Since Q1 1995 | 680th of 879 | 3rd of 12 |
Boom, bust, and recovery in ZIP3 386
ZIP3 386's index peaked in Q1 2008, fell 11.7% to its low in Q1 2013, and regained its peak in Q4 2016, about 8.8 years after the top. Today it sits +91.3% 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 386 | Q1 2008 | Q1 2013 | -11.7% | Q4 2016 (8.8 yrs) | +91.3% |
| MS | Q1 2008 | Q4 2013 | -8.9% | Q3 2017 (9.5 yrs) | +65.9% |
| 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 386's index has changed +45.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 386 after inflation | MS after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.4% | -0.1% | -2.0% | -0.8% |
| 3 years | +9.8% | +7.3% | +4.0% | -3.5% | +2.8% |
| 5 years | +24.0% | +21.7% | +12.6% | +7.3% | +13.9% |
| 10 years | +39.1% | +40.4% | +22.3% | +35.0% | +39.0% |
| Since Q1 1995 | +121% | +45.0% | +33.0% | +28.0% | +76.8% |
Estimate appreciation for a home in ZIP3 386
Regional estimate
$585,959
- Estimated gain
- $285,959
- Index change
- +95.32%
- Start index
- 164.31
- End index
- 320.93
ZIP3 386 (Southaven, MS 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% |
| 380 · Memphis, TN area | TN | +4.2% | +40.9% | +180% |
| 389 · Greenwood, MS area | MS | +4.2% | +40.4% | +203% |
| 388 · Tupelo, MS area | MS | +2.1% | +35.1% | +183% |
| 383 · Jackson, TN area | TN | +3.9% | +57.9% | +217% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 320.93 |
| Q1 2026 | 304.64 |
| Q4 2025 | 309.16 |
| Q3 2025 | 303.17 |
| Q2 2025 | 310.10 |
| Q1 2025 | 304.36 |
| Q4 2024 | 296.20 |
| Q3 2024 | 299.31 |
| Q2 2024 | 298.43 |
| Q1 2024 | 272.44 |
| Q4 2023 | 291.48 |
| Q3 2023 | 277.92 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 386?
- Based on FHFA HPI® data for 3-digit ZIP region 386, the regional index changed +3.5% over the year to Q2 2026, +50.9% over five years, +95.3% over ten years, and +221% since Q1 1995.
- Is ZIP3 386 appreciating faster than Mississippi and the U.S.?
- Over the past year the region's index +3.5% compares with +3.7% for Mississippi and +3.0% for the U.S., a gap of +0.5 pts versus the nation. Over five years the gap versus the nation is +9.6 pts.
- Which ZIP codes are in 3-digit ZIP region 386?
- All ZIP codes that begin with 386. Census 2010 ZIP Code Tabulation Areas in this region run from 38601 to 38685 (54 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.