3-digit ZIP regional index
Home appreciation in ZIP codes 687xxNorfolk, NE area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 687 changed +3.9% over the year to Q2 2026, compared with +3.2% for Nebraska and +3.0% for the United States.
The region covers ZIP codes 68701–68792. Most of its 2010 population lived in Madison County (27%), Dakota County (16%), Holt County (8%). Communities in the region include South Sioux City, Wayne, O'Neill, West Point, Madison. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.9%
- 5-year change
- +40.4%
- Since Q1 1995
- +262%
- National rank (1 year)
- 394th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 687 vs Nebraska and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 687: 362.2
- Nebraska: 349.5
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 687 | NE | U.S. | Gap vs NE | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.9% | +3.2% | +3.0% | +0.7 pts | +0.9 pts |
| 3 years | +14.1% | +12.7% | +12.9% | +1.4 pts | +1.2 pts |
| 5 years | +40.4% | +41.1% | +41.3% | −0.7 pts | −0.9 pts |
| 10 years | +81.5% | +91.4% | +93.3% | −10.0 pts | −11.8 pts |
| Since Q1 1995 | +262% | +249% | +292% | +12.7 pts | −29.4 pts |
If you bought in ZIP3 687 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 | +251% | $1,053,710 |
| Q2 2000 | +193% | $880,026 |
| Q2 2005 | +154% | $763,353 |
| Q2 2010 | +132% | $695,971 |
| Q2 2015 | +92.4% | $577,270 |
| Q2 2020 | +55.8% | $467,424 |
| Q2 2021 | +40.4% | $421,263 |
| Q2 2023 | +14.1% | $342,155 |
| Q2 2025 | +3.9% | $311,804 |
How ZIP3 687 ranks
Over the past year ZIP3 687 ranks 394th of 882 3-digit ZIP regions nationally and 1st of 13 in Nebraska. Its one-year change is +0.9 pts versus the nation and +0.7 pts versus Nebraska. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Nebraska |
|---|---|---|
| 1 year | 394th of 882 | 1st of 13 |
| 3 years | 520th of 882 | 9th of 13 |
| 5 years | 567th of 882 | 10th of 13 |
| 10 years | 583rd of 882 | 13th of 13 |
| Since Q1 1995 | 437th of 879 | 9th of 13 |
Boom, bust, and recovery in ZIP3 687
ZIP3 687's index peaked in Q2 2009, fell 4.3% to its low in Q1 2010, and regained its peak in Q3 2010, about 1.2 years after the top. Today it sits +129% 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 687 | Q2 2009 | Q1 2010 | -4.3% | Q3 2010 (1.2 yrs) | +129% |
| NE | Q1 2008 | Q2 2011 | -2.9% | Q1 2013 (5 yrs) | +117% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 687's index has changed +63.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 687 after inflation | NE after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.1% | -0.6% | -0.8% |
| 3 years | +9.8% | +3.9% | +2.6% | +2.8% |
| 5 years | +24.0% | +13.2% | +13.8% | +13.9% |
| 10 years | +39.1% | +30.5% | +37.6% | +39.0% |
| Since Q1 1995 | +121% | +63.6% | +57.8% | +76.8% |
Estimate appreciation for a home in ZIP3 687
Regional estimate
$544,438
- Estimated gain
- $244,438
- Index change
- +81.48%
- Start index
- 199.56
- End index
- 362.16
ZIP3 687 (Norfolk, 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 |
|---|---|---|---|---|
| 686 · Columbus, NE area | NE | +3.4% | +45.6% | +266% |
| 511 · Sioux City, IA area | IA | -0.0% | +40.3% | +225% |
| 510 · Le Mars, IA area | IA | +3.2% | +38.3% | +253% |
| 570 · Brookings, SD area | SD | +2.3% | +40.4% | +300% |
| 680 · Fremont, NE area | NE | +3.6% | +41.9% | +249% |
| 571 · Sioux Falls, SD area | SD | +2.5% | +35.2% | +248% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 362.16 |
| Q1 2026 | 366.88 |
| Q4 2025 | 367.74 |
| Q3 2025 | 362.62 |
| Q2 2025 | 348.45 |
| Q1 2025 | 351.48 |
| Q4 2024 | 358.17 |
| Q3 2024 | 336.03 |
| Q2 2024 | 342.27 |
| Q1 2024 | 330.76 |
| Q4 2023 | 326.01 |
| Q3 2023 | 327.76 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 687?
- Based on FHFA HPI® data for 3-digit ZIP region 687, the regional index changed +3.9% over the year to Q2 2026, +40.4% over five years, +81.5% over ten years, and +262% since Q1 1995.
- Is ZIP3 687 appreciating faster than Nebraska and the U.S.?
- Over the past year the region's index +3.9% compares with +3.2% for Nebraska and +3.0% for the U.S., a gap of +0.9 pts versus the nation. Over five years the gap versus the nation is −0.9 pts.
- Which ZIP codes are in 3-digit ZIP region 687?
- All ZIP codes that begin with 687. Census 2010 ZIP Code Tabulation Areas in this region run from 68701 to 68792 (73 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.