3-digit ZIP regional index
Home appreciation in ZIP codes 404xxRichmond, KY area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 404 changed +7.3% over the year to Q2 2026, compared with +4.7% for Kentucky and +3.0% for the United States.
The region covers ZIP codes 40402–40489. Most of its 2010 population lived in Madison County (43%), Boyle County (15%), Lincoln County (13%). Communities in the region include Danville, Berea, Stanford, Lancaster, Mount Vernon. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +7.3%
- 5-year change
- +50.0%
- Since Q1 1995
- +258%
- National rank (1 year)
- 70th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 404 vs Kentucky and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 404: 358.3
- Kentucky: 338.8
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 404 | KY | U.S. | Gap vs KY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +7.3% | +4.7% | +3.0% | +2.5 pts | +4.3 pts |
| 3 years | +18.0% | +16.2% | +12.9% | +1.8 pts | +5.1 pts |
| 5 years | +50.0% | +45.9% | +41.3% | +4.2 pts | +8.8 pts |
| 10 years | +98.8% | +91.2% | +93.3% | +7.6 pts | +5.5 pts |
| Since Q1 1995 | +258% | +239% | +292% | +19.5 pts | −33.3 pts |
If you bought in ZIP3 404 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 | +248% | $1,043,476 |
| Q2 2000 | +177% | $831,230 |
| Q2 2005 | +120% | $661,200 |
| Q2 2010 | +113% | $637,965 |
| Q2 2015 | +106% | $616,591 |
| Q2 2020 | +69.8% | $509,399 |
| Q2 2021 | +50.0% | $450,132 |
| Q2 2023 | +18.0% | $353,895 |
| Q2 2025 | +7.3% | $321,848 |
How ZIP3 404 ranks
Over the past year ZIP3 404 ranks 70th of 882 3-digit ZIP regions nationally and 3rd of 27 in Kentucky. Its one-year change is +4.3 pts versus the nation and +2.5 pts versus Kentucky. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Kentucky |
|---|---|---|
| 1 year | 70th of 882 | 3rd of 27 |
| 3 years | 301st of 882 | 19th of 27 |
| 5 years | 267th of 882 | 17th of 27 |
| 10 years | 335th of 882 | 4th of 27 |
| Since Q1 1995 | 447th of 879 | 4th of 27 |
Boom, bust, and recovery in ZIP3 404
ZIP3 404's index peaked in Q2 2008, fell 5.9% to its low in Q2 2011, and regained its peak in Q4 2015, about 7.5 years after the top. Today it sits +103% 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 404 | Q2 2008 | Q2 2011 | -5.9% | Q4 2015 (7.5 yrs) | +103% |
| KY | Q1 2008 | Q2 2011 | -4.4% | Q1 2015 (7 yrs) | +102% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 404's index has changed +61.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 404 after inflation | KY after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +3.3% | +0.8% | -0.8% |
| 3 years | +9.8% | +7.4% | +5.8% | +2.8% |
| 5 years | +24.0% | +21.0% | +17.6% | +13.9% |
| 10 years | +39.1% | +42.9% | +37.5% | +39.0% |
| Since Q1 1995 | +121% | +61.8% | +53.0% | +76.8% |
Estimate appreciation for a home in ZIP3 404
Regional estimate
$596,338
- Estimated gain
- $296,338
- Index change
- +98.78%
- Start index
- 180.23
- End index
- 358.26
ZIP3 404 (Richmond, KY 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 |
|---|---|---|---|---|
| 405 · Lexington-Fayette, KY area | KY | +6.6% | +53.4% | +287% |
| 403 · Georgetown, KY area | KY | +6.0% | +52.8% | +250% |
| 425 · Somerset, KY area | KY | +5.6% | +50.5% | +243% |
| 407 · London, KY area | KY | +5.6% | +50.5% | +243% |
| 406 · Frankfort, KY area | KY | +5.6% | +50.5% | +243% |
| 413 · Jackson, KY area | KY | +5.6% | +50.5% | +243% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 358.26 |
| Q1 2026 | 356.41 |
| Q4 2025 | 334.13 |
| Q3 2025 | 347.80 |
| Q2 2025 | 333.94 |
| Q1 2025 | 332.27 |
| Q4 2024 | 327.48 |
| Q3 2024 | 322.50 |
| Q2 2024 | 325.26 |
| Q1 2024 | 307.33 |
| Q4 2023 | 310.56 |
| Q3 2023 | 303.58 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 404?
- Based on FHFA HPI® data for 3-digit ZIP region 404, the regional index changed +7.3% over the year to Q2 2026, +50.0% over five years, +98.8% over ten years, and +258% since Q1 1995.
- Is ZIP3 404 appreciating faster than Kentucky and the U.S.?
- Over the past year the region's index +7.3% compares with +4.7% for Kentucky and +3.0% for the U.S., a gap of +4.3 pts versus the nation. Over five years the gap versus the nation is +8.8 pts.
- Which ZIP codes are in 3-digit ZIP region 404?
- All ZIP codes that begin with 404. Census 2010 ZIP Code Tabulation Areas in this region run from 40402 to 40489 (25 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.