3-digit ZIP regional index
Home appreciation in ZIP codes 480xxWarren, MI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 480 changed +4.5% over the year to Q2 2026, compared with +4.6% for Michigan and +3.0% for the United States.
The region covers ZIP codes 48001–48098. Most of its 2010 population lived in Macomb County (56%), Oakland County (29%), St. Clair County (14%). Communities in the region include Troy, Southfield, St. Clair Shores, Royal Oak, Roseville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.5%
- 5-year change
- +39.3%
- Since Q1 1995
- +210%
- National rank (1 year)
- 325th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 480 vs Michigan and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 480: 310.1
- Michigan: 328.0
- Warren-Troy-Farmington Hills, MI metro: 303.6
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 480 | MI | U.S. | Gap vs MI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.5% | +4.6% | +3.0% | −0.1 pts | +1.5 pts |
| 3 years | +16.1% | +18.0% | +12.9% | −1.9 pts | +3.2 pts |
| 5 years | +39.3% | +45.6% | +41.3% | −6.3 pts | −1.9 pts |
| 10 years | +93.4% | +104% | +93.3% | −10.1 pts | +0.1 pts |
| Since Q1 1995 | +210% | +228% | +292% | −17.9 pts | −81.4 pts |
If you bought in ZIP3 480 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 | +204% | $911,640 |
| Q2 2000 | +109% | $626,335 |
| Q2 2005 | +69.8% | $509,317 |
| Q2 2010 | +164% | $791,039 |
| Q2 2015 | +104% | $611,837 |
| Q2 2020 | +55.5% | $466,610 |
| Q2 2021 | +39.3% | $418,016 |
| Q2 2023 | +16.0% | $348,146 |
| Q2 2025 | +4.5% | $313,452 |
How ZIP3 480 ranks
Over the past year ZIP3 480 ranks 325th of 882 3-digit ZIP regions nationally and 12th of 20 in Michigan. Its one-year change is +1.5 pts versus the nation and −0.1 pts versus Michigan. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Michigan |
|---|---|---|
| 1 year | 325th of 882 | 12th of 20 |
| 3 years | 408th of 882 | 18th of 20 |
| 5 years | 605th of 882 | 18th of 20 |
| 10 years | 401st of 882 | 18th of 20 |
| Since Q1 1995 | 736th of 879 | 14th of 20 |
Boom, bust, and recovery in ZIP3 480
ZIP3 480's index peaked in Q3 2005, fell 38.0% to its low in Q2 2011, and regained its peak in Q3 2018, about 13 years after the top. Today it sits +68.8% 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 480 | Q3 2005 | Q2 2011 | -38.0% | Q3 2018 (13 yrs) | +68.8% |
| MI | Q3 2005 | Q2 2011 | -29.4% | Q2 2018 (12.8 yrs) | +83.3% |
| Metro | Q3 2005 | Q2 2011 | -37.4% | Q2 2018 (12.8 yrs) | +69.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 480's index has changed +40.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 480 after inflation | MI after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.6% | +0.7% | +0.5% | -0.8% |
| 3 years | +9.8% | +5.7% | +7.4% | +6.0% | +2.8% |
| 5 years | +24.0% | +12.3% | +17.4% | +12.6% | +13.9% |
| 10 years | +39.1% | +39.1% | +46.3% | +37.7% | +39.0% |
| Since Q1 1995 | +121% | +40.1% | +48.1% | +37.1% | +76.8% |
Estimate appreciation for a home in ZIP3 480
Regional estimate
$580,243
- Estimated gain
- $280,243
- Index change
- +93.41%
- Start index
- 160.35
- End index
- 310.14
ZIP3 480 (Warren, MI 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 |
|---|---|---|---|---|
| 482 · Detroit, MI area | MI | +5.0% | +38.7% | +231% |
| 483 · Sterling Heights, MI area | MI | +4.6% | +40.0% | +190% |
| 481 · Ann Arbor, MI area | MI | +3.7% | +41.8% | +204% |
| 484 · Fenton, MI area | MI | +4.2% | +42.0% | +199% |
| 485 · Flint, MI area | MI | +3.1% | +40.9% | +143% |
| 436 · Toledo, OH area | OH | +3.1% | +45.5% | +156% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 310.14 |
| Q1 2026 | 305.41 |
| Q4 2025 | 302.16 |
| Q3 2025 | 302.48 |
| Q2 2025 | 296.83 |
| Q1 2025 | 292.25 |
| Q4 2024 | 288.80 |
| Q3 2024 | 289.29 |
| Q2 2024 | 284.67 |
| Q1 2024 | 275.60 |
| Q4 2023 | 272.56 |
| Q3 2023 | 271.50 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 480?
- Based on FHFA HPI® data for 3-digit ZIP region 480, the regional index changed +4.5% over the year to Q2 2026, +39.3% over five years, +93.4% over ten years, and +210% since Q1 1995.
- Is ZIP3 480 appreciating faster than Michigan and the U.S.?
- Over the past year the region's index +4.5% compares with +4.6% for Michigan and +3.0% for the U.S., a gap of +1.5 pts versus the nation. Over five years the gap versus the nation is −1.9 pts.
- Which ZIP codes are in 3-digit ZIP region 480?
- All ZIP codes that begin with 480. Census 2010 ZIP Code Tabulation Areas in this region run from 48001 to 48098 (69 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.