3-digit ZIP regional index
Home appreciation in ZIP codes 895xxReno, NV area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 895 changed +3.4% over the year to Q2 2026, compared with +2.5% for Nevada and +3.0% for the United States.
The region covers ZIP codes 89501–89523. Most of its 2010 population lived in Washoe County (100%). Communities in the region include Cold Springs, Lemmon Valley, Golden Valley, Mogul, Sutcliffe. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.4%
- 5-year change
- +31.3%
- Since Q1 1995
- +322%
- National rank (1 year)
- 467th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 895 vs Nevada and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 895: 422.0
- Nevada: 384.9
- Reno, NV metro: 413.5
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 895 | NV | U.S. | Gap vs NV | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +2.5% | +3.0% | +1.0 pts | +0.4 pts |
| 3 years | +11.7% | +12.3% | +12.9% | −0.6 pts | −1.1 pts |
| 5 years | +31.3% | +35.4% | +41.3% | −4.1 pts | −10.0 pts |
| 10 years | +107% | +114% | +93.3% | −7.1 pts | +13.3 pts |
| Since Q1 1995 | +322% | +285% | +292% | +37.1 pts | +30.5 pts |
If you bought in ZIP3 895 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 | +311% | $1,233,044 |
| Q2 2000 | +263% | $1,090,141 |
| Q2 2005 | +81.4% | $544,110 |
| Q2 2010 | +213% | $939,306 |
| Q2 2015 | +132% | $695,730 |
| Q2 2020 | +54.5% | $463,548 |
| Q2 2021 | +31.3% | $393,807 |
| Q2 2023 | +11.7% | $335,219 |
| Q2 2025 | +3.4% | $310,316 |
How ZIP3 895 ranks
Over the past year ZIP3 895 ranks 467th of 882 3-digit ZIP regions nationally and 5th of 7 in Nevada. Its one-year change is +0.4 pts versus the nation and +1.0 pts versus Nevada. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Nevada |
|---|---|---|
| 1 year | 467th of 882 | 5th of 7 |
| 3 years | 646th of 882 | 5th of 7 |
| 5 years | 775th of 882 | 5th of 7 |
| 10 years | 232nd of 882 | 5th of 7 |
| Since Q1 1995 | 243rd of 879 | 1st of 7 |
Boom, bust, and recovery in ZIP3 895
ZIP3 895's index peaked in Q1 2006, fell 54.1% to its low in Q2 2012, and regained its peak in Q3 2018, about 12.5 years after the top. Today it sits +66.4% 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 895 | Q1 2006 | Q2 2012 | -54.1% | Q3 2018 (12.5 yrs) | +66.4% |
| NV | Q3 2006 | Q2 2012 | -55.7% | Q2 2020 (13.8 yrs) | +55.4% |
| Metro | Q1 2006 | Q2 2012 | -55.1% | Q4 2018 (12.8 yrs) | +63.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 895's index has changed +90.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 895 after inflation | NV after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.4% | -1.4% | -0.1% | -0.8% |
| 3 years | +9.8% | +1.8% | +2.3% | +2.1% | +2.8% |
| 5 years | +24.0% | +5.8% | +9.1% | +5.1% | +13.9% |
| 10 years | +39.1% | +48.6% | +53.7% | +49.3% | +39.0% |
| Since Q1 1995 | +121% | +90.6% | +73.8% | +86.8% | +76.8% |
Estimate appreciation for a home in ZIP3 895
Regional estimate
$619,933
- Estimated gain
- $319,933
- Index change
- +107%
- Start index
- 204.23
- End index
- 422.03
ZIP3 895 (Reno, NV 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 |
|---|---|---|---|---|
| 894 · Sparks, NV area | NV | +4.8% | +31.0% | +296% |
| 897 · Carson City, NV area | NV | +3.6% | +30.4% | +301% |
| 961 · South Lake Tahoe, CA area | CA | +0.7% | +21.7% | +367% |
| 959 · Chico, CA area | CA | +0.3% | +16.7% | +263% |
| 957 · Elk Grove, CA area | CA | -0.8% | +19.1% | +273% |
| 956 · Vacaville, CA area | CA | -0.2% | +18.6% | +289% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 422.03 |
| Q1 2026 | 412.10 |
| Q4 2025 | 408.04 |
| Q3 2025 | 409.16 |
| Q2 2025 | 408.00 |
| Q1 2025 | 406.14 |
| Q4 2024 | 402.39 |
| Q3 2024 | 397.68 |
| Q2 2024 | 397.89 |
| Q1 2024 | 390.63 |
| Q4 2023 | 384.54 |
| Q3 2023 | 380.27 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 895?
- Based on FHFA HPI® data for 3-digit ZIP region 895, the regional index changed +3.4% over the year to Q2 2026, +31.3% over five years, +107% over ten years, and +322% since Q1 1995.
- Is ZIP3 895 appreciating faster than Nevada and the U.S.?
- Over the past year the region's index +3.4% compares with +2.5% for Nevada 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 −10.0 pts.
- Which ZIP codes are in 3-digit ZIP region 895?
- All ZIP codes that begin with 895. Census 2010 ZIP Code Tabulation Areas in this region run from 89501 to 89523 (12 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.