3-digit ZIP regional index
Home appreciation in ZIP codes 391xxMadison, MS area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 391 changed +5.1% over the year to Q2 2026, compared with +3.7% for Mississippi and +3.0% for the United States.
The region covers ZIP codes 39108–39194. Most of its 2010 population lived in Madison County (21%), Warren County (17%), Adams County (11%). Communities in the region include Ridgeland, Vicksburg, Natchez, Yazoo City, Magee. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +5.1%
- 5-year change
- +33.3%
- Since Q1 1995
- +158%
- National rank (1 year)
- 258th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 391 vs Mississippi and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 391: 257.8
- Mississippi: 294.4
- Jackson, MS metro: 249.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 391 | MS | U.S. | Gap vs MS | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.1% | +3.7% | +3.0% | +1.4 pts | +2.1 pts |
| 3 years | +17.4% | +14.2% | +12.9% | +3.2 pts | +4.5 pts |
| 5 years | +33.3% | +39.7% | +41.3% | −6.4 pts | −8.0 pts |
| 10 years | +54.0% | +70.1% | +93.3% | −16.1 pts | −39.3 pts |
| Since Q1 1995 | +158% | +194% | +292% | −36.6 pts | −133.8 pts |
If you bought in ZIP3 391 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 | +154% | $761,823 |
| Q2 2000 | +121% | $663,051 |
| Q2 2005 | +79.0% | $537,016 |
| Q2 2010 | +66.4% | $499,225 |
| Q2 2015 | +61.0% | $483,040 |
| Q2 2020 | +42.0% | $425,892 |
| Q2 2021 | +33.3% | $399,819 |
| Q2 2023 | +17.4% | $352,101 |
| Q2 2025 | +5.1% | $315,239 |
How ZIP3 391 ranks
Over the past year ZIP3 391 ranks 258th of 882 3-digit ZIP regions nationally and 2nd of 12 in Mississippi. Its one-year change is +2.1 pts versus the nation and +1.4 pts versus Mississippi. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Mississippi |
|---|---|---|
| 1 year | 258th of 882 | 2nd of 12 |
| 3 years | 322nd of 882 | 3rd of 12 |
| 5 years | 755th of 882 | 10th of 12 |
| 10 years | 841st of 882 | 11th of 12 |
| Since Q1 1995 | 861st of 879 | 11th of 12 |
Boom, bust, and recovery in ZIP3 391
ZIP3 391's index peaked in Q1 2008, fell 5.2% to its low in Q2 2010, and regained its peak in Q4 2015, about 7.8 years after the top. Today it sits +57.8% 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 391 | Q1 2008 | Q2 2010 | -5.2% | Q4 2015 (7.8 yrs) | +57.8% |
| MS | Q1 2008 | Q4 2013 | -8.9% | Q3 2017 (9.5 yrs) | +65.9% |
| Metro | Q1 2008 | Q2 2012 | -6.9% | Q4 2016 (8.8 yrs) | +50.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 391's index has changed +16.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 391 after inflation | MS after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.2% | -0.1% | -2.0% | -0.8% |
| 3 years | +9.8% | +6.9% | +4.0% | +1.7% | +2.8% |
| 5 years | +24.0% | +7.5% | +12.6% | +4.2% | +13.9% |
| 10 years | +39.1% | +10.8% | +22.3% | +8.6% | +39.0% |
| Since Q1 1995 | +121% | +16.4% | +33.0% | +12.5% | +76.8% |
Estimate appreciation for a home in ZIP3 391
Regional estimate
$462,111
- Estimated gain
- $162,111
- Index change
- +54.04%
- Start index
- 167.33
- End index
- 257.75
ZIP3 391 (Madison, 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 |
|---|---|---|---|---|
| 392 · Jackson, MS area | MS | -1.7% | +20.6% | +127% |
| 390 · Clinton, MS area | MS | +3.0% | +32.8% | +165% |
| 396 · McComb, MS area | MS | +4.2% | +40.4% | +203% |
| 393 · Meridian, MS area | MS | +4.2% | +40.4% | +203% |
| 394 · Hattiesburg, MS area | MS | +7.4% | +44.9% | +232% |
| 387 · Greenville, MS area | MS | +4.2% | +40.4% | +203% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 257.75 |
| Q1 2026 | 251.61 |
| Q4 2025 | 254.39 |
| Q3 2025 | 252.79 |
| Q2 2025 | 245.29 |
| Q1 2025 | 244.34 |
| Q4 2024 | 247.02 |
| Q3 2024 | 235.96 |
| Q2 2024 | 235.09 |
| Q1 2024 | 233.66 |
| Q4 2023 | 239.46 |
| Q3 2023 | 237.35 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 391?
- Based on FHFA HPI® data for 3-digit ZIP region 391, the regional index changed +5.1% over the year to Q2 2026, +33.3% over five years, +54.0% over ten years, and +158% since Q1 1995.
- Is ZIP3 391 appreciating faster than Mississippi and the U.S.?
- Over the past year the region's index +5.1% compares with +3.7% for Mississippi and +3.0% for the U.S., a gap of +2.1 pts versus the nation. Over five years the gap versus the nation is −8.0 pts.
- Which ZIP codes are in 3-digit ZIP region 391?
- All ZIP codes that begin with 391. Census 2010 ZIP Code Tabulation Areas in this region run from 39108 to 39194 (41 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.