3-digit ZIP regional index
Home appreciation in ZIP codes 473xxMuncie, IN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 473 changed +9.0% over the year to Q2 2026, compared with +4.6% for Indiana and +3.0% for the United States.
The region covers ZIP codes 47302–47396. Most of its 2010 population lived in Delaware County (36%), Wayne County (21%), Henry County (14%). Communities in the region include Richmond, New Castle, Connersville, Yorktown, Portland. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +9.0%
- 5-year change
- +54.4%
- Since Q1 1995
- +205%
- National rank (1 year)
- 14th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 473 vs Indiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 473: 305.2
- Indiana: 319.8
- Muncie, IN metro: 310.1
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 473 | IN | U.S. | Gap vs IN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +9.0% | +4.6% | +3.0% | +4.4 pts | +6.0 pts |
| 3 years | +23.6% | +16.2% | +12.9% | +7.4 pts | +10.8 pts |
| 5 years | +54.4% | +46.7% | +41.3% | +7.7 pts | +13.1 pts |
| 10 years | +105% | +104% | +93.3% | +1.0 pts | +11.3 pts |
| Since Q1 1995 | +205% | +220% | +292% | −14.7 pts | −86.4 pts |
If you bought in ZIP3 473 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% | $896,504 |
| Q2 2000 | +132% | $696,047 |
| Q2 2005 | +97.3% | $591,950 |
| Q2 2010 | +114% | $641,473 |
| Q2 2015 | +109% | $628,008 |
| Q2 2020 | +74.4% | $523,328 |
| Q2 2021 | +54.4% | $463,198 |
| Q2 2023 | +23.6% | $370,937 |
| Q2 2025 | +9.0% | $326,980 |
How ZIP3 473 ranks
Over the past year ZIP3 473 ranks 14th of 882 3-digit ZIP regions nationally and 1st of 20 in Indiana. Its one-year change is +6.0 pts versus the nation and +4.4 pts versus Indiana. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Indiana |
|---|---|---|
| 1 year | 14th of 882 | 1st of 20 |
| 3 years | 63rd of 882 | 1st of 20 |
| 5 years | 133rd of 882 | 5th of 20 |
| 10 years | 259th of 882 | 9th of 20 |
| Since Q1 1995 | 758th of 879 | 17th of 20 |
Boom, bust, and recovery in ZIP3 473
ZIP3 473's index peaked in Q3 2005, fell 13.0% to its low in Q3 2012, and regained its peak in Q1 2018, about 12.5 years after the top. Today it sits +94.9% 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 473 | Q3 2005 | Q3 2012 | -13.0% | Q1 2018 (12.5 yrs) | +94.9% |
| IN | Q1 2008 | Q2 2011 | -7.3% | Q3 2015 (7.5 yrs) | +110% |
| Metro | Q3 2005 | Q1 2014 | -13.7% | Q2 2018 (12.8 yrs) | +104% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 473's index has changed +37.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 473 after inflation | IN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +4.9% | +0.7% | +9.7% | -0.8% |
| 3 years | +9.8% | +12.6% | +5.8% | +17.8% | +2.8% |
| 5 years | +24.0% | +24.5% | +18.3% | +29.4% | +13.9% |
| 10 years | +39.1% | +47.1% | +46.4% | +49.6% | +39.0% |
| Since Q1 1995 | +121% | +37.8% | +44.5% | +40.0% | +76.8% |
Estimate appreciation for a home in ZIP3 473
Regional estimate
$613,983
- Estimated gain
- $313,983
- Index change
- +105%
- Start index
- 149.11
- End index
- 305.17
ZIP3 473 (Muncie, IN 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 |
|---|---|---|---|---|
| 460 · Carmel, IN area | IN | +6.5% | +55.0% | +236% |
| 462 · Indianapolis, IN area | IN | +1.7% | +37.2% | +216% |
| 453 · Fairborn, OH area | OH | +5.5% | +51.9% | +185% |
| 461 · Greenwood, IN area | IN | +3.2% | +45.8% | +213% |
| 454 · Dayton, OH area | OH | +4.8% | +47.8% | +165% |
| 469 · Kokomo, IN area | IN | +5.2% | +52.4% | +206% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 305.17 |
| Q1 2026 | 289.96 |
| Q4 2025 | 292.98 |
| Q3 2025 | 282.18 |
| Q2 2025 | 279.99 |
| Q1 2025 | 278.70 |
| Q4 2024 | 270.91 |
| Q3 2024 | 270.10 |
| Q2 2024 | 264.01 |
| Q1 2024 | 258.26 |
| Q4 2023 | 254.58 |
| Q3 2023 | 252.13 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 473?
- Based on FHFA HPI® data for 3-digit ZIP region 473, the regional index changed +9.0% over the year to Q2 2026, +54.4% over five years, +105% over ten years, and +205% since Q1 1995.
- Is ZIP3 473 appreciating faster than Indiana and the U.S.?
- Over the past year the region's index +9.0% compares with +4.6% for Indiana and +3.0% for the U.S., a gap of +6.0 pts versus the nation. Over five years the gap versus the nation is +13.1 pts.
- Which ZIP codes are in 3-digit ZIP region 473?
- All ZIP codes that begin with 473. Census 2010 ZIP Code Tabulation Areas in this region run from 47302 to 47396 (56 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.