3-digit ZIP regional index
Home appreciation in ZIP codes 846xxProvo, UT area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 846 changed +3.4% over the year to Q2 2026, compared with +2.6% for Utah and +3.0% for the United States.
The region covers ZIP codes 84601–84667. Most of its 2010 population lived in Utah County (81%), Sanpete County (10%). Communities in the region include Spanish Fork, Springville, Payson, Santaquin, Mapleton. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.4%
- 5-year change
- +36.6%
- Since Q1 1995
- +358%
- National rank (1 year)
- 471st
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 846 vs Utah and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 846: 458.0
- Utah: 469.5
- Provo-Orem-Lehi, UT metro: 450.7
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 846 | UT | U.S. | Gap vs UT | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +2.6% | +3.0% | +0.8 pts | +0.4 pts |
| 3 years | +9.6% | +9.6% | +12.9% | −0.0 pts | −3.3 pts |
| 5 years | +36.6% | +34.3% | +41.3% | +2.3 pts | −4.7 pts |
| 10 years | +125% | +121% | +93.3% | +3.7 pts | +31.3 pts |
| Since Q1 1995 | +358% | +370% | +292% | −11.5 pts | +66.5 pts |
If you bought in ZIP3 846 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 | +342% | $1,325,162 |
| Q2 2000 | +251% | $1,051,791 |
| Q2 2005 | +209% | $927,166 |
| Q2 2010 | +177% | $831,101 |
| Q2 2015 | +141% | $722,429 |
| Q2 2020 | +65.6% | $496,876 |
| Q2 2021 | +36.6% | $409,898 |
| Q2 2023 | +9.6% | $328,660 |
| Q2 2025 | +3.4% | $310,256 |
How ZIP3 846 ranks
Over the past year ZIP3 846 ranks 471st of 882 3-digit ZIP regions nationally and 1st of 7 in Utah. Its one-year change is +0.4 pts versus the nation and +0.8 pts versus Utah. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Utah |
|---|---|---|
| 1 year | 471st of 882 | 1st of 7 |
| 3 years | 732nd of 882 | 4th of 7 |
| 5 years | 689th of 882 | 3rd of 7 |
| 10 years | 66th of 882 | 4th of 7 |
| Since Q1 1995 | 143rd of 879 | 5th of 7 |
Boom, bust, and recovery in ZIP3 846
ZIP3 846's index peaked in Q1 2008, fell 24.1% to its low in Q2 2011, and regained its peak in Q2 2016, about 8.2 years after the top. Today it sits +125% 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 846 | Q1 2008 | Q2 2011 | -24.1% | Q2 2016 (8.2 yrs) | +125% |
| UT | Q4 2007 | Q2 2011 | -21.9% | Q2 2016 (8.5 yrs) | +126% |
| Metro | Q4 2007 | Q2 2011 | -26.2% | Q2 2016 (8.5 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 846's index has changed +107% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 846 after inflation | UT after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.4% | -1.2% | -0.3% | -0.8% |
| 3 years | +9.8% | -0.2% | -0.2% | +0.4% | +2.8% |
| 5 years | +24.0% | +10.2% | +8.3% | +8.2% | +13.9% |
| 10 years | +39.1% | +61.5% | +58.9% | +57.5% | +39.0% |
| Since Q1 1995 | +121% | +107% | +112% | +104% | +76.8% |
Estimate appreciation for a home in ZIP3 846
Regional estimate
$673,823
- Estimated gain
- $373,823
- Index change
- +125%
- Start index
- 203.92
- End index
- 458.02
ZIP3 846 (Provo, UT 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 |
|---|---|---|---|---|
| 840 · West Jordan, UT area | UT | +3.0% | +33.8% | +359% |
| 841 · Salt Lake City, UT area | UT | +3.2% | +33.8% | +432% |
| 844 · Ogden, UT area | UT | +1.4% | +33.3% | +369% |
| 845 · Price, UT area | UT | +1.2% | +43.5% | +374% |
| 843 · Logan, UT area | UT | +2.1% | +37.8% | +347% |
| 829 · Rock Springs, WY area | WY | +1.2% | +39.9% | +249% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 458.02 |
| Q1 2026 | 456.44 |
| Q4 2025 | 454.99 |
| Q3 2025 | 449.28 |
| Q2 2025 | 442.88 |
| Q1 2025 | 441.65 |
| Q4 2024 | 430.35 |
| Q3 2024 | 437.38 |
| Q2 2024 | 433.97 |
| Q1 2024 | 418.95 |
| Q4 2023 | 416.50 |
| Q3 2023 | 420.70 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 846?
- Based on FHFA HPI® data for 3-digit ZIP region 846, the regional index changed +3.4% over the year to Q2 2026, +36.6% over five years, +125% over ten years, and +358% since Q1 1995.
- Is ZIP3 846 appreciating faster than Utah and the U.S.?
- Over the past year the region's index +3.4% compares with +2.6% for Utah 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 −4.7 pts.
- Which ZIP codes are in 3-digit ZIP region 846?
- All ZIP codes that begin with 846. Census 2010 ZIP Code Tabulation Areas in this region run from 84601 to 84667 (43 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.