3-digit ZIP regional index
Home appreciation in ZIP codes 850xxPhoenix, AZ area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 850 changed +0.5% over the year to Q2 2026, compared with +0.9% for Arizona and +3.0% for the United States.
The region covers ZIP codes 85003–85087. Most of its 2010 population lived in Maricopa County (100%). Communities in the region include Anthem, New River, Glendale, Cave Creek. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +0.5%
- 5-year change
- +35.6%
- Since Q1 1995
- +469%
- National rank (1 year)
- 799th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 850 vs Arizona and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 850: 569.0
- Arizona: 471.5
- Phoenix-Mesa-Chandler, AZ metro: 517.1
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 850 | AZ | U.S. | Gap vs AZ | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.5% | +0.9% | +3.0% | −0.5 pts | −2.6 pts |
| 3 years | +8.1% | +8.2% | +12.9% | −0.2 pts | −4.8 pts |
| 5 years | +35.6% | +36.3% | +41.3% | −0.7 pts | −5.7 pts |
| 10 years | +122% | +116% | +93.3% | +6.3 pts | +29.1 pts |
| Since Q1 1995 | +469% | +372% | +292% | +97.4 pts | +177.4 pts |
If you bought in ZIP3 850 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 | +456% | $1,668,400 |
| Q2 2000 | +303% | $1,209,909 |
| Q2 2005 | +135% | $704,474 |
| Q2 2010 | +228% | $984,565 |
| Q2 2015 | +141% | $721,812 |
| Q2 2020 | +63.4% | $490,289 |
| Q2 2021 | +35.6% | $406,782 |
| Q2 2023 | +8.1% | $324,174 |
| Q2 2025 | +0.5% | $301,361 |
How ZIP3 850 ranks
Over the past year ZIP3 850 ranks 799th of 882 3-digit ZIP regions nationally and 8th of 11 in Arizona. Its one-year change is −2.6 pts versus the nation and −0.5 pts versus Arizona. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Arizona |
|---|---|---|
| 1 year | 799th of 882 | 8th of 11 |
| 3 years | 767th of 882 | 7th of 11 |
| 5 years | 710th of 882 | 9th of 11 |
| 10 years | 84th of 882 | 4th of 11 |
| Since Q1 1995 | 30th of 879 | 1st of 11 |
Boom, bust, and recovery in ZIP3 850
ZIP3 850's index peaked in Q4 2006, fell 52.5% to its low in Q2 2011, and regained its peak in Q1 2019, about 12.2 years after the top. Today it sits +80.7% 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 850 | Q4 2006 | Q2 2011 | -52.5% | Q1 2019 (12.2 yrs) | +80.7% |
| AZ | Q4 2006 | Q2 2011 | -46.0% | Q3 2019 (12.8 yrs) | +72.5% |
| Metro | Q4 2006 | Q2 2011 | -51.1% | Q2 2019 (12.5 yrs) | +76.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 850's index has changed +157% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 850 after inflation | AZ after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -3.3% | -2.8% | -2.9% | -0.8% |
| 3 years | +9.8% | -1.6% | -1.4% | -1.7% | +2.8% |
| 5 years | +24.0% | +9.3% | +9.9% | +9.5% | +13.9% |
| 10 years | +39.1% | +59.9% | +55.4% | +57.9% | +39.0% |
| Since Q1 1995 | +121% | +157% | +113% | +134% | +76.8% |
Estimate appreciation for a home in ZIP3 850
Regional estimate
$667,269
- Estimated gain
- $367,269
- Index change
- +122%
- Start index
- 255.81
- End index
- 568.98
ZIP3 850 (Phoenix, AZ 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 |
|---|---|---|---|---|
| 852 · Mesa, AZ area | AZ | +0.8% | +36.1% | +418% |
| 853 · Glendale, AZ area | AZ | +1.7% | +35.8% | +331% |
| 851 · Casa Grande, AZ area | AZ | +0.6% | +37.3% | +369% |
| 863 · Prescott, AZ area | AZ | -1.3% | +34.9% | +340% |
| 855 · Payson, AZ area | AZ | +2.0% | +46.0% | +331% |
| 857 · Tucson, AZ area | AZ | +1.6% | +39.0% | +279% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 568.98 |
| Q1 2026 | 572.02 |
| Q4 2025 | 565.78 |
| Q3 2025 | 562.06 |
| Q2 2025 | 566.41 |
| Q1 2025 | 558.67 |
| Q4 2024 | 560.63 |
| Q3 2024 | 561.95 |
| Q2 2024 | 553.65 |
| Q1 2024 | 547.96 |
| Q4 2023 | 546.30 |
| Q3 2023 | 539.90 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 850?
- Based on FHFA HPI® data for 3-digit ZIP region 850, the regional index changed +0.5% over the year to Q2 2026, +35.6% over five years, +122% over ten years, and +469% since Q1 1995.
- Is ZIP3 850 appreciating faster than Arizona and the U.S.?
- Over the past year the region's index +0.5% compares with +0.9% for Arizona and +3.0% for the U.S., a gap of −2.6 pts versus the nation. Over five years the gap versus the nation is −5.7 pts.
- Which ZIP codes are in 3-digit ZIP region 850?
- All ZIP codes that begin with 850. Census 2010 ZIP Code Tabulation Areas in this region run from 85003 to 85087 (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.