3-digit ZIP regional index
Home appreciation in ZIP codes 685xxLincoln, NE area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 685 changed +2.0% over the year to Q2 2026, compared with +3.2% for Nebraska and +3.0% for the United States.
The region covers ZIP codes 68502–68532. Most of its 2010 population lived in Lancaster County (100%). Communities in the region include Yankee Hill, Walton. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.0%
- 5-year change
- +38.9%
- Since Q1 1995
- +237%
- National rank (1 year)
- 657th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 685 vs Nebraska and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 685: 336.5
- Nebraska: 349.5
- Lincoln, NE metro: 339.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 685 | NE | U.S. | Gap vs NE | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.0% | +3.2% | +3.0% | −1.2 pts | −1.0 pts |
| 3 years | +9.9% | +12.7% | +12.9% | −2.8 pts | −3.0 pts |
| 5 years | +38.9% | +41.1% | +41.3% | −2.2 pts | −2.4 pts |
| 10 years | +90.3% | +91.4% | +93.3% | −1.2 pts | −3.1 pts |
| Since Q1 1995 | +237% | +249% | +292% | −13.0 pts | −55.0 pts |
If you bought in ZIP3 685 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 | +233% | $999,436 |
| Q2 2000 | +164% | $792,534 |
| Q2 2005 | +120% | $659,005 |
| Q2 2010 | +121% | $662,378 |
| Q2 2015 | +100% | $600,196 |
| Q2 2020 | +55.6% | $466,878 |
| Q2 2021 | +38.9% | $416,834 |
| Q2 2023 | +9.9% | $329,653 |
| Q2 2025 | +2.0% | $305,965 |
How ZIP3 685 ranks
Over the past year ZIP3 685 ranks 657th of 882 3-digit ZIP regions nationally and 13th of 13 in Nebraska. Its one-year change is −1.0 pts versus the nation and −1.2 pts versus Nebraska. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Nebraska |
|---|---|---|
| 1 year | 657th of 882 | 13th of 13 |
| 3 years | 719th of 882 | 13th of 13 |
| 5 years | 616th of 882 | 12th of 13 |
| 10 years | 451st of 882 | 3rd of 13 |
| Since Q1 1995 | 595th of 879 | 13th of 13 |
Boom, bust, and recovery in ZIP3 685
ZIP3 685's index peaked in Q1 2007, fell 5.3% to its low in Q1 2010, and regained its peak in Q2 2013, about 6.2 years after the top. Today it sits +114% 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 685 | Q1 2007 | Q1 2010 | -5.3% | Q2 2013 (6.2 yrs) | +114% |
| NE | Q1 2008 | Q2 2011 | -2.9% | Q1 2013 (5 yrs) | +117% |
| Metro | Q1 2007 | Q1 2010 | -4.9% | Q1 2013 (6 yrs) | +115% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 685's index has changed +52.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 685 after inflation | NE after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.8% | -0.6% | -1.7% | -0.8% |
| 3 years | +9.8% | +0.1% | +2.6% | +0.5% | +2.8% |
| 5 years | +24.0% | +12.0% | +13.8% | +12.3% | +13.9% |
| 10 years | +39.1% | +36.8% | +37.6% | +36.6% | +39.0% |
| Since Q1 1995 | +121% | +52.0% | +57.8% | +53.3% | +76.8% |
Estimate appreciation for a home in ZIP3 685
Regional estimate
$570,775
- Estimated gain
- $270,775
- Index change
- +90.26%
- Start index
- 176.87
- End index
- 336.51
ZIP3 685 (Lincoln, NE 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 |
|---|---|---|---|---|
| 684 · York, NE area | NE | +2.1% | +39.3% | +239% |
| 683 · Beatrice, NE area | NE | +3.4% | +45.6% | +266% |
| 680 · Fremont, NE area | NE | +3.6% | +41.9% | +249% |
| 681 · Omaha, NE area | NE | +3.8% | +38.2% | +243% |
| 686 · Columbus, NE area | NE | +3.4% | +45.6% | +266% |
| 515 · Council Bluffs, IA area | IA | +3.8% | +47.3% | +288% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 336.51 |
| Q1 2026 | 331.64 |
| Q4 2025 | 333.03 |
| Q3 2025 | 331.27 |
| Q2 2025 | 329.95 |
| Q1 2025 | 322.37 |
| Q4 2024 | 322.96 |
| Q3 2024 | 318.32 |
| Q2 2024 | 315.61 |
| Q1 2024 | 309.41 |
| Q4 2023 | 298.96 |
| Q3 2023 | 305.45 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 685?
- Based on FHFA HPI® data for 3-digit ZIP region 685, the regional index changed +2.0% over the year to Q2 2026, +38.9% over five years, +90.3% over ten years, and +237% since Q1 1995.
- Is ZIP3 685 appreciating faster than Nebraska and the U.S.?
- Over the past year the region's index +2.0% compares with +3.2% for Nebraska and +3.0% for the U.S., a gap of −1.0 pts versus the nation. Over five years the gap versus the nation is −2.4 pts.
- Which ZIP codes are in 3-digit ZIP region 685?
- All ZIP codes that begin with 685. Census 2010 ZIP Code Tabulation Areas in this region run from 68502 to 68532 (22 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.