3-digit ZIP regional index
Home appreciation in ZIP codes 481xxAnn Arbor, MI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 481 changed +3.7% over the year to Q2 2026, compared with +4.6% for Michigan and +3.0% for the United States.
The region covers ZIP codes 48101–48198. Most of its 2010 population lived in Wayne County (61%), Washtenaw County (22%), Monroe County (9%). Communities in the region include Dearborn, Livonia, Westland, Taylor, Dearborn Heights. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.7%
- 5-year change
- +41.8%
- Since Q1 1995
- +204%
- National rank (1 year)
- 436th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 481 vs Michigan and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 481: 304.2
- Michigan: 328.0
- Detroit-Dearborn-Livonia, MI metro: 303.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 481 | MI | U.S. | Gap vs MI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.7% | +4.6% | +3.0% | −0.9 pts | +0.7 pts |
| 3 years | +17.3% | +18.0% | +12.9% | −0.7 pts | +4.4 pts |
| 5 years | +41.8% | +45.6% | +41.3% | −3.8 pts | +0.6 pts |
| 10 years | +95.8% | +104% | +93.3% | −7.7 pts | +2.5 pts |
| Since Q1 1995 | +204% | +228% | +292% | −23.8 pts | −87.4 pts |
If you bought in ZIP3 481 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 | +198% | $895,261 |
| Q2 2000 | +107% | $620,944 |
| Q2 2005 | +67.5% | $502,417 |
| Q2 2010 | +149% | $747,432 |
| Q2 2015 | +105% | $614,133 |
| Q2 2020 | +58.3% | $475,009 |
| Q2 2021 | +41.8% | $425,526 |
| Q2 2023 | +17.3% | $351,802 |
| Q2 2025 | +3.7% | $311,097 |
How ZIP3 481 ranks
Over the past year ZIP3 481 ranks 436th of 882 3-digit ZIP regions nationally and 16th of 20 in Michigan. Its one-year change is +0.7 pts versus the nation and −0.9 pts versus Michigan. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Michigan |
|---|---|---|
| 1 year | 436th of 882 | 16th of 20 |
| 3 years | 325th of 882 | 13th of 20 |
| 5 years | 534th of 882 | 15th of 20 |
| 10 years | 375th of 882 | 17th of 20 |
| Since Q1 1995 | 765th of 879 | 15th of 20 |
Boom, bust, and recovery in ZIP3 481
ZIP3 481's index peaked in Q3 2005, fell 35.3% to its low in Q1 2012, and regained its peak in Q2 2019, about 13.8 years after the top. Today it sits +67.2% 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 481 | Q3 2005 | Q1 2012 | -35.3% | Q2 2019 (13.8 yrs) | +67.2% |
| MI | Q3 2005 | Q2 2011 | -29.4% | Q2 2018 (12.8 yrs) | +83.3% |
| Metro | Q3 2005 | Q2 2011 | -41.2% | Q2 2020 (14.8 yrs) | +61.6% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 481's index has changed +37.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 481 after inflation | MI after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.2% | +0.7% | +1.3% | -0.8% |
| 3 years | +9.8% | +6.8% | +7.4% | +8.7% | +2.8% |
| 5 years | +24.0% | +14.4% | +17.4% | +16.0% | +13.9% |
| 10 years | +39.1% | +40.8% | +46.3% | +46.0% | +39.0% |
| Since Q1 1995 | +121% | +37.4% | +48.1% | +36.8% | +76.8% |
Estimate appreciation for a home in ZIP3 481
Regional estimate
$587,409
- Estimated gain
- $287,409
- Index change
- +95.80%
- Start index
- 155.35
- End index
- 304.18
ZIP3 481 (Ann Arbor, 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% |
| 480 · Warren, MI area | MI | +4.5% | +39.3% | +210% |
| 436 · Toledo, OH area | OH | +3.1% | +45.5% | +156% |
| 492 · Jackson, MI area | MI | +7.3% | +47.4% | +224% |
| 485 · Flint, MI area | MI | +3.1% | +40.9% | +143% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 304.18 |
| Q1 2026 | 300.10 |
| Q4 2025 | 296.04 |
| Q3 2025 | 295.24 |
| Q2 2025 | 293.33 |
| Q1 2025 | 284.72 |
| Q4 2024 | 281.82 |
| Q3 2024 | 280.66 |
| Q2 2024 | 277.68 |
| Q1 2024 | 267.20 |
| Q4 2023 | 263.75 |
| Q3 2023 | 262.66 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 481?
- Based on FHFA HPI® data for 3-digit ZIP region 481, the regional index changed +3.7% over the year to Q2 2026, +41.8% over five years, +95.8% over ten years, and +204% since Q1 1995.
- Is ZIP3 481 appreciating faster than Michigan and the U.S.?
- Over the past year the region's index +3.7% compares with +4.6% for Michigan and +3.0% for the U.S., a gap of +0.7 pts versus the nation. Over five years the gap versus the nation is +0.6 pts.
- Which ZIP codes are in 3-digit ZIP region 481?
- All ZIP codes that begin with 481. Census 2010 ZIP Code Tabulation Areas in this region run from 48101 to 48198 (70 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.