3-digit ZIP regional index
Home appreciation in ZIP codes 450xxHamilton, OH area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 450 changed +4.2% over the year to Q2 2026, compared with +4.3% for Ohio and +3.0% for the United States.
The region covers ZIP codes 45001–45070. Most of its 2010 population lived in Butler County (62%), Warren County (32%), Hamilton County (6%). Communities in the region include Middletown, Fairfield, Mason, Oxford, Lebanon. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.2%
- 5-year change
- +52.5%
- Since Q1 1995
- +206%
- National rank (1 year)
- 367th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 450 vs Ohio and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 450: 305.6
- Ohio: 301.1
- Cincinnati, OH-KY-IN metro: 318.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 450 | OH | U.S. | Gap vs OH | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.2% | +4.3% | +3.0% | −0.1 pts | +1.1 pts |
| 3 years | +19.0% | +18.3% | +12.9% | +0.8 pts | +6.2 pts |
| 5 years | +52.5% | +48.1% | +41.3% | +4.4 pts | +11.2 pts |
| 10 years | +109% | +103% | +93.3% | +6.2 pts | +15.5 pts |
| Since Q1 1995 | +206% | +201% | +292% | +4.5 pts | −85.9 pts |
If you bought in ZIP3 450 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 | +199% | $898,237 |
| Q2 2000 | +146% | $738,486 |
| Q2 2005 | +104% | $611,016 |
| Q2 2010 | +120% | $658,595 |
| Q2 2015 | +116% | $646,566 |
| Q2 2020 | +71.0% | $512,912 |
| Q2 2021 | +52.5% | $457,568 |
| Q2 2023 | +19.0% | $357,091 |
| Q2 2025 | +4.1% | $312,442 |
How ZIP3 450 ranks
Over the past year ZIP3 450 ranks 367th of 882 3-digit ZIP regions nationally and 17th of 29 in Ohio. Its one-year change is +1.1 pts versus the nation and −0.1 pts versus Ohio. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Ohio |
|---|---|---|
| 1 year | 367th of 882 | 17th of 29 |
| 3 years | 239th of 882 | 20th of 29 |
| 5 years | 186th of 882 | 7th of 29 |
| 10 years | 198th of 882 | 10th of 29 |
| Since Q1 1995 | 756th of 879 | 15th of 29 |
Boom, bust, and recovery in ZIP3 450
ZIP3 450's index peaked in Q2 2007, fell 13.2% to its low in Q1 2013, and regained its peak in Q2 2017, about 10 years after the top. Today it sits +99.1% 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 450 | Q2 2007 | Q1 2013 | -13.2% | Q2 2017 (10 yrs) | +99.1% |
| OH | Q4 2005 | Q2 2012 | -12.9% | Q2 2017 (11.5 yrs) | +95.6% |
| Metro | Q1 2007 | Q4 2013 | -11.0% | Q1 2017 (10 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 450's index has changed +38.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 450 after inflation | OH after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.3% | +0.4% | -0.1% | -0.8% |
| 3 years | +9.8% | +8.4% | +7.7% | +6.6% | +2.8% |
| 5 years | +24.0% | +23.0% | +19.4% | +20.9% | +13.9% |
| 10 years | +39.1% | +50.1% | +45.7% | +48.0% | +39.0% |
| Since Q1 1995 | +121% | +38.0% | +36.0% | +43.8% | +76.8% |
Estimate appreciation for a home in ZIP3 450
Regional estimate
$626,421
- Estimated gain
- $326,421
- Index change
- +109%
- Start index
- 146.36
- End index
- 305.61
ZIP3 450 (Hamilton, OH 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 |
|---|---|---|---|---|
| 452 · Cincinnati, OH area | OH | +3.3% | +48.0% | +220% |
| 454 · Dayton, OH area | OH | +4.8% | +47.8% | +165% |
| 451 · Wilmington, OH area | OH | +4.1% | +52.6% | +225% |
| 410 · Covington, KY area | KY | +4.5% | +49.0% | +229% |
| 470 · Batesville, IN area | IN | +3.6% | +51.1% | +242% |
| 453 · Fairborn, OH area | OH | +5.5% | +51.9% | +185% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 305.61 |
| Q1 2026 | 300.73 |
| Q4 2025 | 294.57 |
| Q3 2025 | 296.60 |
| Q2 2025 | 293.44 |
| Q1 2025 | 286.13 |
| Q4 2024 | 282.63 |
| Q3 2024 | 281.16 |
| Q2 2024 | 278.64 |
| Q1 2024 | 271.00 |
| Q4 2023 | 266.89 |
| Q3 2023 | 263.83 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 450?
- Based on FHFA HPI® data for 3-digit ZIP region 450, the regional index changed +4.2% over the year to Q2 2026, +52.5% over five years, +109% over ten years, and +206% since Q1 1995.
- Is ZIP3 450 appreciating faster than Ohio and the U.S.?
- Over the past year the region's index +4.2% compares with +4.3% for Ohio 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 +11.2 pts.
- Which ZIP codes are in 3-digit ZIP region 450?
- All ZIP codes that begin with 450. Census 2010 ZIP Code Tabulation Areas in this region run from 45001 to 45070 (32 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.