3-digit ZIP regional index
Home appreciation in ZIP codes 814xxMontrose, CO area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 814 changed -0.7% over the year to Q2 2026, compared with +0.2% for Colorado and +3.0% for the United States.
The region covers ZIP codes 81401–81435. Most of its 2010 population lived in Montrose County (49%), Delta County (37%), San Miguel County (9%). Communities in the region include Delta, Orchard City, Telluride, Cedaredge, Olathe. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- -0.7%
- 5-year change
- +41.0%
- Since Q1 1995
- +323%
- National rank (1 year)
- 846th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 814 vs Colorado and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 814: 423.3
- Colorado: 467.1
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 814 | CO | U.S. | Gap vs CO | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -0.7% | +0.2% | +3.0% | −0.9 pts | −3.7 pts |
| 3 years | +13.8% | +3.4% | +12.9% | +10.4 pts | +0.9 pts |
| 5 years | +41.0% | +25.0% | +41.3% | +16.0 pts | −0.2 pts |
| 10 years | +119% | +85.2% | +93.3% | +34.0 pts | +25.8 pts |
| Since Q1 1995 | +323% | +367% | +292% | −43.8 pts | +31.7 pts |
If you bought in ZIP3 814 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 | +318% | $1,253,143 |
| Q2 2000 | +233% | $997,808 |
| Q2 2005 | +139% | $717,326 |
| Q2 2010 | +117% | $649,852 |
| Q2 2015 | +125% | $674,928 |
| Q2 2020 | +62.5% | $487,507 |
| Q2 2021 | +41.1% | $423,157 |
| Q2 2023 | +13.8% | $341,338 |
| Q2 2025 | -0.7% | $297,917 |
How ZIP3 814 ranks
Over the past year ZIP3 814 ranks 846th of 882 3-digit ZIP regions nationally and 14th of 17 in Colorado. Its one-year change is −3.7 pts versus the nation and −0.9 pts versus Colorado. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Colorado |
|---|---|---|
| 1 year | 846th of 882 | 14th of 17 |
| 3 years | 543rd of 882 | 3rd of 17 |
| 5 years | 548th of 882 | 6th of 17 |
| 10 years | 104th of 882 | 3rd of 17 |
| Since Q1 1995 | 224th of 879 | 14th of 17 |
Boom, bust, and recovery in ZIP3 814
ZIP3 814's index peaked in Q2 2008, fell 23.5% to its low in Q4 2013, and regained its peak in Q2 2018, about 10 years after the top. Today it sits +90.0% 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 814 | Q2 2008 | Q4 2013 | -23.5% | Q2 2018 (10 yrs) | +90.0% |
| CO | Q1 2008 | Q2 2011 | -10.1% | Q1 2014 (6 yrs) | +136% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 814's index has changed +91.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 814 after inflation | CO after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -4.4% | -3.5% | -0.8% |
| 3 years | +9.8% | +3.6% | -5.8% | +2.8% |
| 5 years | +24.0% | +13.7% | +0.8% | +13.9% |
| 10 years | +39.1% | +57.6% | +33.1% | +39.0% |
| Since Q1 1995 | +121% | +91.2% | +111% | +76.8% |
Estimate appreciation for a home in ZIP3 814
Regional estimate
$657,422
- Estimated gain
- $357,422
- Index change
- +119%
- Start index
- 193.15
- End index
- 423.27
ZIP3 814 (Montrose, CO 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 |
|---|---|---|---|---|
| 815 · Grand Junction, CO area | CO | +8.3% | +45.0% | +386% |
| 813 · Durango, CO area | CO | +6.7% | +53.2% | +374% |
| 816 · Glenwood Springs, CO area | CO | +1.7% | +51.8% | +378% |
| 811 · Alamosa, CO area | CO | +2.8% | +46.4% | +380% |
| 812 · Cañon City, CO area | CO | -0.5% | +40.8% | +386% |
| 874 · Farmington, NM area | NM | +7.8% | +52.0% | +241% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 423.27 |
| Q1 2026 | 438.77 |
| Q4 2025 | 435.98 |
| Q3 2025 | 423.81 |
| Q2 2025 | 426.23 |
| Q1 2025 | 415.41 |
| Q4 2024 | 415.14 |
| Q3 2024 | 422.86 |
| Q2 2024 | 416.34 |
| Q1 2024 | 403.64 |
| Q4 2023 | 392.80 |
| Q3 2023 | 393.69 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 814?
- Based on FHFA HPI® data for 3-digit ZIP region 814, the regional index changed -0.7% over the year to Q2 2026, +41.0% over five years, +119% over ten years, and +323% since Q1 1995.
- Is ZIP3 814 appreciating faster than Colorado and the U.S.?
- Over the past year the region's index -0.7% compares with +0.2% for Colorado and +3.0% for the U.S., a gap of −3.7 pts versus the nation. Over five years the gap versus the nation is −0.2 pts.
- Which ZIP codes are in 3-digit ZIP region 814?
- All ZIP codes that begin with 814. Census 2010 ZIP Code Tabulation Areas in this region run from 81401 to 81435 (23 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.