3-digit ZIP regional index
Home appreciation in ZIP codes 397xxStarkville, MS area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 397 changed +4.2% over the year to Q2 2026, compared with +3.7% for Mississippi and +3.0% for the United States.
The region covers ZIP codes 39701–39776. Most of its 2010 population lived in Lowndes County (35%), Oktibbeha County (28%), Clay County (12%). Communities in the region include Columbus, West Point, Aberdeen, Mississippi State, New Hope. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.2%
- 5-year change
- +40.4%
- Since Q1 1995
- +203%
- National rank (1 year)
- 365th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 397 vs Mississippi and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 397: 302.8
- Mississippi: 294.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 397 | MS | U.S. | Gap vs MS | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.2% | +3.7% | +3.0% | +0.5 pts | +1.1 pts |
| 3 years | +16.1% | +14.2% | +12.9% | +2.0 pts | +3.3 pts |
| 5 years | +40.4% | +39.7% | +41.3% | +0.7 pts | −0.9 pts |
| 10 years | +66.8% | +70.1% | +93.3% | −3.3 pts | −26.5 pts |
| Since Q1 1995 | +203% | +194% | +292% | +8.4 pts | −88.8 pts |
If you bought in ZIP3 397 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 | +197% | $891,812 |
| Q2 2000 | +143% | $728,761 |
| Q2 2005 | +101% | $602,587 |
| Q2 2010 | +79.7% | $539,014 |
| Q2 2015 | +70.7% | $512,236 |
| Q2 2020 | +50.8% | $452,526 |
| Q2 2021 | +40.4% | $421,199 |
| Q2 2023 | +16.1% | $348,380 |
| Q2 2025 | +4.2% | $312,498 |
How ZIP3 397 ranks
Over the past year ZIP3 397 ranks 365th of 882 3-digit ZIP regions nationally and 7th of 12 in Mississippi. Its one-year change is +1.1 pts versus the nation and +0.5 pts versus Mississippi. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Mississippi |
|---|---|---|
| 1 year | 365th of 882 | 7th of 12 |
| 3 years | 407th of 882 | 8th of 12 |
| 5 years | 572nd of 882 | 8th of 12 |
| 10 years | 774th of 882 | 9th of 12 |
| Since Q1 1995 | 777th of 879 | 8th of 12 |
Boom, bust, and recovery in ZIP3 397
ZIP3 397's index peaked in Q4 2008, fell 5.0% to its low in Q1 2011, and regained its peak in Q4 2014, about 6 years after the top. Today it sits +72.3% 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 397 | Q4 2008 | Q1 2011 | -5.0% | Q4 2014 (6 yrs) | +72.3% |
| MS | Q1 2008 | Q4 2013 | -8.9% | Q3 2017 (9.5 yrs) | +65.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 397's index has changed +36.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 397 after inflation | MS after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.3% | -0.1% | -0.8% |
| 3 years | +9.8% | +5.8% | +4.0% | +2.8% |
| 5 years | +24.0% | +13.2% | +12.6% | +13.9% |
| 10 years | +39.1% | +19.9% | +22.3% | +39.0% |
| Since Q1 1995 | +121% | +36.8% | +33.0% | +76.8% |
Estimate appreciation for a home in ZIP3 397
Regional estimate
$500,330
- Estimated gain
- $200,330
- Index change
- +66.78%
- Start index
- 181.56
- End index
- 302.80
ZIP3 397 (Starkville, MS area), Q2 2016 to Q2 2026. Index type: Balance of State.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 388 · Tupelo, MS area | MS | +2.1% | +35.1% | +183% |
| 354 · Tuscaloosa, AL area | AL | -0.9% | +33.7% | +202% |
| 355 · Jasper, AL area | AL | +3.4% | +38.9% | +219% |
| 389 · Greenwood, MS area | MS | +4.2% | +40.4% | +203% |
| 393 · Meridian, MS area | MS | +4.2% | +40.4% | +203% |
| 369 · York, AL area | AL | +5.2% | +49.8% | +237% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 302.80 |
| Q1 2026 | 300.96 |
| Q4 2025 | 294.10 |
| Q3 2025 | 292.90 |
| Q2 2025 | 290.69 |
| Q1 2025 | 283.25 |
| Q4 2024 | 281.52 |
| Q3 2024 | 281.88 |
| Q2 2024 | 276.67 |
| Q1 2024 | 267.98 |
| Q4 2023 | 268.45 |
| Q3 2023 | 262.67 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 397?
- Based on FHFA HPI® data for 3-digit ZIP region 397, the regional index changed +4.2% over the year to Q2 2026, +40.4% over five years, +66.8% over ten years, and +203% since Q1 1995.
- Is ZIP3 397 appreciating faster than Mississippi and the U.S.?
- Over the past year the region's index +4.2% compares with +3.7% for Mississippi 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 −0.9 pts.
- Which ZIP codes are in 3-digit ZIP region 397?
- All ZIP codes that begin with 397. Census 2010 ZIP Code Tabulation Areas in this region run from 39701 to 39776 (30 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.