3-digit ZIP regional index
Home appreciation in ZIP codes 535xxJanesville, WI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 535 changed +5.2% over the year to Q2 2026, compared with +5.6% for Wisconsin and +3.0% for the United States.
The region covers ZIP codes 53501–53599. Most of its 2010 population lived in Dane County (40%), Rock County (29%), Jefferson County (8%). Communities in the region include Beloit, Sun Prairie, Middleton, Stoughton, Fort Atkinson. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +5.2%
- 5-year change
- +50.9%
- Since Q1 1995
- +256%
- National rank (1 year)
- 250th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 535 vs Wisconsin and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 535: 355.9
- Wisconsin: 363.5
- Madison, WI metro: 376.1
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 535 | WI | U.S. | Gap vs WI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.2% | +5.6% | +3.0% | −0.4 pts | +2.1 pts |
| 3 years | +19.8% | +20.9% | +12.9% | −1.1 pts | +6.9 pts |
| 5 years | +50.9% | +54.0% | +41.3% | −3.1 pts | +9.6 pts |
| 10 years | +99.5% | +106% | +93.3% | −6.3 pts | +6.2 pts |
| Since Q1 1995 | +256% | +264% | +292% | −7.7 pts | −35.7 pts |
If you bought in ZIP3 535 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 | +250% | $1,051,211 |
| Q2 2000 | +183% | $849,062 |
| Q2 2005 | +115% | $643,720 |
| Q2 2010 | +116% | $647,822 |
| Q2 2015 | +109% | $626,532 |
| Q2 2020 | +66.6% | $499,724 |
| Q2 2021 | +50.9% | $452,742 |
| Q2 2023 | +19.8% | $359,356 |
| Q2 2025 | +5.2% | $315,497 |
How ZIP3 535 ranks
Over the past year ZIP3 535 ranks 250th of 882 3-digit ZIP regions nationally and 13th of 18 in Wisconsin. Its one-year change is +2.1 pts versus the nation and −0.4 pts versus Wisconsin. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Wisconsin |
|---|---|---|
| 1 year | 250th of 882 | 13th of 18 |
| 3 years | 209th of 882 | 14th of 18 |
| 5 years | 223rd of 882 | 15th of 18 |
| 10 years | 329th of 882 | 16th of 18 |
| Since Q1 1995 | 457th of 879 | 12th of 18 |
Boom, bust, and recovery in ZIP3 535
ZIP3 535's index peaked in Q1 2008, fell 9.7% to its low in Q2 2012, and regained its peak in Q2 2016, about 8.2 years after the top. Today it sits +100% 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 535 | Q1 2008 | Q2 2012 | -9.7% | Q2 2016 (8.2 yrs) | +100% |
| WI | Q1 2008 | Q1 2014 | -11.9% | Q2 2017 (9.2 yrs) | +97.4% |
| Metro | Q1 2008 | Q2 2012 | -8.1% | Q4 2015 (7.8 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 535's index has changed +60.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 535 after inflation | WI after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.3% | +1.7% | +1.0% | -0.8% |
| 3 years | +9.8% | +9.1% | +10.1% | +7.1% | +2.8% |
| 5 years | +24.0% | +21.7% | +24.1% | +20.1% | +13.9% |
| 10 years | +39.1% | +43.4% | +47.9% | +41.4% | +39.0% |
| Since Q1 1995 | +121% | +60.7% | +64.2% | +69.9% | +76.8% |
Estimate appreciation for a home in ZIP3 535
Regional estimate
$598,470
- Estimated gain
- $298,470
- Index change
- +99.49%
- Start index
- 178.39
- End index
- 355.87
ZIP3 535 (Janesville, WI 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 |
|---|---|---|---|---|
| 537 · Madison, WI area | WI | +4.0% | +50.5% | +308% |
| 539 · Beaver Dam, WI area | WI | +7.7% | +62.5% | +300% |
| 611 · Rockford, IL area | IL | +10.0% | +70.1% | +159% |
| 610 · Freeport, IL area | IL | +6.0% | +52.9% | +156% |
| 531 · Kenosha, WI area | WI | +6.6% | +52.2% | +248% |
| 538 · Platteville, WI area | WI | +4.9% | +59.2% | +290% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 355.87 |
| Q1 2026 | 347.82 |
| Q4 2025 | 342.99 |
| Q3 2025 | 345.03 |
| Q2 2025 | 338.39 |
| Q1 2025 | 332.09 |
| Q4 2024 | 328.49 |
| Q3 2024 | 323.52 |
| Q2 2024 | 323.95 |
| Q1 2024 | 312.60 |
| Q4 2023 | 307.68 |
| Q3 2023 | 307.90 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 535?
- Based on FHFA HPI® data for 3-digit ZIP region 535, the regional index changed +5.2% over the year to Q2 2026, +50.9% over five years, +99.5% over ten years, and +256% since Q1 1995.
- Is ZIP3 535 appreciating faster than Wisconsin and the U.S.?
- Over the past year the region's index +5.2% compares with +5.6% for Wisconsin and +3.0% for the U.S., a gap of +2.1 pts versus the nation. Over five years the gap versus the nation is +9.6 pts.
- Which ZIP codes are in 3-digit ZIP region 535?
- All ZIP codes that begin with 535. Census 2010 ZIP Code Tabulation Areas in this region run from 53501 to 53599 (80 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.