3-digit ZIP regional index
Home appreciation in ZIP codes 498xxMarquette, MI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 498 changed +6.8% over the year to Q2 2026, compared with +4.6% for Michigan and +3.0% for the United States.
The region covers ZIP codes 49801–49896. Most of its 2010 population lived in Marquette County (37%), Delta County (20%), Dickinson County (14%). Communities in the region include Escanaba, Menominee, Iron Mountain, Ishpeming, Kingsford. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.8%
- 5-year change
- +66.2%
- Since Q1 1995
- +305%
- National rank (1 year)
- 82nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 498 vs Michigan and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 498: 405.1
- Michigan: 328.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 498 | MI | U.S. | Gap vs MI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.8% | +4.6% | +3.0% | +2.2 pts | +3.8 pts |
| 3 years | +26.4% | +18.0% | +12.9% | +8.4 pts | +13.5 pts |
| 5 years | +66.2% | +45.6% | +41.3% | +20.6 pts | +24.9 pts |
| 10 years | +109% | +104% | +93.3% | +5.8 pts | +15.9 pts |
| Since Q1 1995 | +305% | +228% | +292% | +77.1 pts | +13.6 pts |
If you bought in ZIP3 498 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 | +300% | $1,199,882 |
| Q2 2000 | +205% | $916,492 |
| Q2 2005 | +137% | $711,361 |
| Q2 2010 | +127% | $680,531 |
| Q2 2015 | +115% | $643,524 |
| Q2 2020 | +85.5% | $556,407 |
| Q2 2021 | +66.2% | $498,712 |
| Q2 2023 | +26.4% | $379,125 |
| Q2 2025 | +6.8% | $320,464 |
How ZIP3 498 ranks
Over the past year ZIP3 498 ranks 82nd of 882 3-digit ZIP regions nationally and 3rd of 20 in Michigan. Its one-year change is +3.8 pts versus the nation and +2.2 pts versus Michigan. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Michigan |
|---|---|---|
| 1 year | 82nd of 882 | 3rd of 20 |
| 3 years | 19th of 882 | 2nd of 20 |
| 5 years | 9th of 882 | 2nd of 20 |
| 10 years | 195th of 882 | 10th of 20 |
| Since Q1 1995 | 293rd of 879 | 3rd of 20 |
Boom, bust, and recovery in ZIP3 498
ZIP3 498's index peaked in Q1 2008, fell 3.5% to its low in Q2 2010, and regained its peak in Q3 2012, about 4.5 years after the top. Today it sits +119% 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 498 | Q1 2008 | Q2 2010 | -3.5% | Q3 2012 (4.5 yrs) | +119% |
| MI | Q3 2005 | Q2 2011 | -29.4% | Q2 2018 (12.8 yrs) | +83.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 498's index has changed +83.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 498 after inflation | MI after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.9% | +0.7% | -0.8% |
| 3 years | +9.8% | +15.1% | +7.4% | +2.8% |
| 5 years | +24.0% | +34.0% | +17.4% | +13.9% |
| 10 years | +39.1% | +50.5% | +46.3% | +39.0% |
| Since Q1 1995 | +121% | +83.0% | +48.1% | +76.8% |
Estimate appreciation for a home in ZIP3 498
Regional estimate
$627,801
- Estimated gain
- $327,801
- Index change
- +109%
- Start index
- 193.59
- End index
- 405.12
ZIP3 498 (Marquette, 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 |
|---|---|---|---|---|
| 499 · Houghton, MI area | MI | +5.6% | +57.9% | +272% |
| 541 · De Pere, WI area | WI | +3.8% | +59.8% | +270% |
| 543 · Green Bay, WI area | WI | +6.3% | +59.1% | +237% |
| 545 · Rhinelander, WI area | WI | +5.5% | +70.4% | +327% |
| 542 · Manitowoc, WI area | WI | +5.4% | +68.4% | +273% |
| 496 · Traverse City, MI area | MI | +5.0% | +61.7% | +364% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 405.12 |
| Q1 2026 | 380.51 |
| Q4 2025 | 383.85 |
| Q3 2025 | 380.01 |
| Q2 2025 | 379.25 |
| Q1 2025 | 357.44 |
| Q4 2024 | 356.85 |
| Q3 2024 | 362.45 |
| Q2 2024 | 350.07 |
| Q1 2024 | 333.08 |
| Q4 2023 | 341.02 |
| Q3 2023 | 331.02 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 498?
- Based on FHFA HPI® data for 3-digit ZIP region 498, the regional index changed +6.8% over the year to Q2 2026, +66.2% over five years, +109% over ten years, and +305% since Q1 1995.
- Is ZIP3 498 appreciating faster than Michigan and the U.S.?
- Over the past year the region's index +6.8% compares with +4.6% for Michigan and +3.0% for the U.S., a gap of +3.8 pts versus the nation. Over five years the gap versus the nation is +24.9 pts.
- Which ZIP codes are in 3-digit ZIP region 498?
- All ZIP codes that begin with 498. Census 2010 ZIP Code Tabulation Areas in this region run from 49801 to 49896 (66 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.