3-digit ZIP regional index
Home appreciation in ZIP codes 688xxGrand Island, NE area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 688 changed +2.6% over the year to Q2 2026, compared with +3.2% for Nebraska and +3.0% for the United States.
The region covers ZIP codes 68801–68883. Most of its 2010 population lived in Hall County (36%), Buffalo County (28%), Dawson County (9%). Communities in the region include Kearney, Lexington, Aurora, Broken Bow, Central City. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.6%
- 5-year change
- +45.1%
- Since Q1 1995
- +266%
- National rank (1 year)
- 607th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 688 vs Nebraska and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 688: 366.0
- Nebraska: 349.5
- Grand Island, NE metro: 358.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 688 | NE | U.S. | Gap vs NE | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.6% | +3.2% | +3.0% | −0.6 pts | −0.4 pts |
| 3 years | +15.1% | +12.7% | +12.9% | +2.4 pts | +2.2 pts |
| 5 years | +45.1% | +41.1% | +41.3% | +4.0 pts | +3.8 pts |
| 10 years | +86.2% | +91.4% | +93.3% | −5.2 pts | −7.1 pts |
| Since Q1 1995 | +266% | +249% | +292% | +16.6 pts | −25.5 pts |
If you bought in ZIP3 688 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 | +259% | $1,076,905 |
| Q2 2000 | +208% | $923,255 |
| Q2 2005 | +147% | $741,572 |
| Q2 2010 | +133% | $699,395 |
| Q2 2015 | +91.2% | $573,640 |
| Q2 2020 | +57.8% | $473,328 |
| Q2 2021 | +45.1% | $435,347 |
| Q2 2023 | +15.1% | $345,245 |
| Q2 2025 | +2.6% | $307,735 |
How ZIP3 688 ranks
Over the past year ZIP3 688 ranks 607th of 882 3-digit ZIP regions nationally and 11th of 13 in Nebraska. Its one-year change is −0.4 pts versus the nation and −0.6 pts versus Nebraska. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Nebraska |
|---|---|---|
| 1 year | 607th of 882 | 11th of 13 |
| 3 years | 454th of 882 | 8th of 13 |
| 5 years | 422nd of 882 | 8th of 13 |
| 10 years | 527th of 882 | 7th of 13 |
| Since Q1 1995 | 425th of 879 | 8th of 13 |
Boom, bust, and recovery in ZIP3 688
ZIP3 688's index peaked in Q4 2009, fell 1.2% to its low in Q2 2010, and regained its peak in Q3 2010, about 0.8 years after the top. Today it sits +130% 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 688 | Q4 2009 | Q2 2010 | -1.2% | Q3 2010 (0.8 yrs) | +130% |
| NE | Q1 2008 | Q2 2011 | -2.9% | Q1 2013 (5 yrs) | +117% |
| Metro | Q4 2009 | Q1 2010 | -2.0% | Q3 2010 (0.8 yrs) | +128% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 688's index has changed +65.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 688 after inflation | NE after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.2% | -0.6% | -4.1% | -0.8% |
| 3 years | +9.8% | +4.8% | +2.6% | +4.3% | +2.8% |
| 5 years | +24.0% | +17.0% | +13.8% | +16.7% | +13.9% |
| 10 years | +39.1% | +33.9% | +37.6% | +36.3% | +39.0% |
| Since Q1 1995 | +121% | +65.3% | +57.8% | +61.7% | +76.8% |
Estimate appreciation for a home in ZIP3 688
Regional estimate
$558,726
- Estimated gain
- $258,726
- Index change
- +86.24%
- Start index
- 196.54
- End index
- 366.04
ZIP3 688 (Grand Island, 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 |
|---|---|---|---|---|
| 689 · Hastings, NE area | NE | +3.4% | +45.6% | +266% |
| 686 · Columbus, NE area | NE | +3.4% | +45.6% | +266% |
| 669 · Concordia, KS area | KS | +3.4% | +42.4% | +223% |
| 685 · Lincoln, NE area | NE | +2.0% | +38.9% | +237% |
| 684 · York, NE area | NE | +2.1% | +39.3% | +239% |
| 683 · Beatrice, NE area | NE | +3.4% | +45.6% | +266% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 366.04 |
| Q1 2026 | 356.57 |
| Q4 2025 | 357.49 |
| Q3 2025 | 356.65 |
| Q2 2025 | 356.84 |
| Q1 2025 | 347.37 |
| Q4 2024 | 343.01 |
| Q3 2024 | 336.86 |
| Q2 2024 | 333.91 |
| Q1 2024 | 331.59 |
| Q4 2023 | 321.49 |
| Q3 2023 | 316.98 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 688?
- Based on FHFA HPI® data for 3-digit ZIP region 688, the regional index changed +2.6% over the year to Q2 2026, +45.1% over five years, +86.2% over ten years, and +266% since Q1 1995.
- Is ZIP3 688 appreciating faster than Nebraska and the U.S.?
- Over the past year the region's index +2.6% compares with +3.2% for Nebraska and +3.0% for the U.S., a gap of −0.4 pts versus the nation. Over five years the gap versus the nation is +3.8 pts.
- Which ZIP codes are in 3-digit ZIP region 688?
- All ZIP codes that begin with 688. Census 2010 ZIP Code Tabulation Areas in this region run from 68801 to 68883 (64 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.