3-digit ZIP regional index
Home appreciation in ZIP codes 797xxMidland, TX area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 797 changed +3.4% over the year to Q2 2026, compared with +1.6% for Texas and +3.0% for the United States.
The region covers ZIP codes 79701–79789. Most of its 2010 population lived in Ector County (36%), Midland County (35%), Howard County (9%). Communities in the region include Odessa, Big Spring, West Odessa, Andrews, Pecos. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.4%
- 5-year change
- +27.0%
- Since Q1 1995
- +361%
- National rank (1 year)
- 470th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 797 vs Texas and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 797: 460.5
- Texas: 409.6
- Midland, TX metro: 488.8
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 797 | TX | U.S. | Gap vs TX | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +1.6% | +3.0% | +1.8 pts | +0.4 pts |
| 3 years | +15.0% | +6.2% | +12.9% | +8.8 pts | +2.1 pts |
| 5 years | +27.0% | +34.4% | +41.3% | −7.4 pts | −14.3 pts |
| 10 years | +64.6% | +87.1% | +93.3% | −22.5 pts | −28.8 pts |
| Since Q1 1995 | +361% | +310% | +292% | +50.9 pts | +69.0 pts |
If you bought in ZIP3 797 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 | +354% | $1,360,532 |
| Q2 2000 | +312% | $1,236,681 |
| Q2 2005 | +232% | $996,552 |
| Q2 2010 | +120% | $659,422 |
| Q2 2015 | +63.5% | $490,597 |
| Q2 2020 | +30.0% | $390,090 |
| Q2 2021 | +27.0% | $380,895 |
| Q2 2023 | +15.0% | $344,888 |
| Q2 2025 | +3.4% | $310,246 |
How ZIP3 797 ranks
Over the past year ZIP3 797 ranks 470th of 882 3-digit ZIP regions nationally and 10th of 47 in Texas. Its one-year change is +0.4 pts versus the nation and +1.8 pts versus Texas. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Texas |
|---|---|---|
| 1 year | 470th of 882 | 10th of 47 |
| 3 years | 461st of 882 | 4th of 47 |
| 5 years | 818th of 882 | 41st of 47 |
| 10 years | 792nd of 882 | 41st of 47 |
| Since Q1 1995 | 139th of 879 | 3rd of 47 |
Boom, bust, and recovery in ZIP3 797
ZIP3 797's index peaked in Q2 2009, fell 3.2% to its low in Q1 2010, and regained its peak in Q3 2011, about 2.2 years after the top. Today it sits +115% 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 797 | Q2 2009 | Q1 2010 | -3.2% | Q3 2011 (2.2 yrs) | +115% |
| TX | Q1 2009 | Q2 2011 | -4.2% | Q2 2013 (4.2 yrs) | +134% |
| Metro | Q4 2008 | Q1 2010 | -4.1% | Q3 2011 (2.8 yrs) | +120% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 797's index has changed +108% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 797 after inflation | TX after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.4% | -2.2% | +0.2% | -0.8% |
| 3 years | +9.8% | +4.7% | -3.3% | +4.4% | +2.8% |
| 5 years | +24.0% | +2.4% | +8.3% | +2.8% | +13.9% |
| 10 years | +39.1% | +18.3% | +34.5% | +19.9% | +39.0% |
| Since Q1 1995 | +121% | +108% | +85.0% | +121% | +76.8% |
Estimate appreciation for a home in ZIP3 797
Regional estimate
$493,735
- Estimated gain
- $193,735
- Index change
- +64.58%
- Start index
- 279.83
- End index
- 460.54
ZIP3 797 (Midland, TX 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 |
|---|---|---|---|---|
| 793 · Levelland, TX area | TX | +2.3% | +28.2% | +196% |
| 769 · San Angelo, TX area | TX | +1.8% | +33.4% | +288% |
| 794 · Lubbock, TX area | TX | +1.4% | +26.9% | +191% |
| 882 · Roswell, NM area | NM | +3.0% | +28.5% | +265% |
| 795 · Snyder, TX area | TX | +8.9% | +46.3% | +282% |
| 796 · Abilene, TX area | TX | +8.9% | +46.3% | +282% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 460.54 |
| Q1 2026 | 459.14 |
| Q4 2025 | 448.75 |
| Q3 2025 | 443.30 |
| Q2 2025 | 445.33 |
| Q1 2025 | 438.67 |
| Q4 2024 | 431.79 |
| Q3 2024 | 425.79 |
| Q2 2024 | 424.50 |
| Q1 2024 | 412.07 |
| Q4 2023 | 408.99 |
| Q3 2023 | 407.74 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 797?
- Based on FHFA HPI® data for 3-digit ZIP region 797, the regional index changed +3.4% over the year to Q2 2026, +27.0% over five years, +64.6% over ten years, and +361% since Q1 1995.
- Is ZIP3 797 appreciating faster than Texas and the U.S.?
- Over the past year the region's index +3.4% compares with +1.6% for Texas 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 −14.3 pts.
- Which ZIP codes are in 3-digit ZIP region 797?
- All ZIP codes that begin with 797. Census 2010 ZIP Code Tabulation Areas in this region run from 79701 to 79789 (47 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.