3-digit ZIP regional index
Home appreciation in ZIP codes 897xxCarson City, NV area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 897 changed +3.6% over the year to Q2 2026, compared with +2.5% for Nevada and +3.0% for the United States.
The region covers ZIP codes 89701–89706. Most of its 2010 population lived in Carson City (84%), Douglas County (7%), Washoe County (7%). Communities in the region include Indian Hills, Washoe Valley. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.6%
- 5-year change
- +30.4%
- Since Q1 1995
- +301%
- National rank (1 year)
- 447th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 897 vs Nevada and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 897: 401.4
- Nevada: 384.9
- Carson City, NV metro: 387.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 897 | NV | U.S. | Gap vs NV | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.6% | +2.5% | +3.0% | +1.2 pts | +0.6 pts |
| 3 years | +11.4% | +12.3% | +12.9% | −0.9 pts | −1.4 pts |
| 5 years | +30.4% | +35.4% | +41.3% | −5.0 pts | −10.9 pts |
| 10 years | +111% | +114% | +93.3% | −2.8 pts | +17.5 pts |
| Since Q1 1995 | +301% | +285% | +292% | +16.5 pts | +9.9 pts |
If you bought in ZIP3 897 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 | +290% | $1,171,088 |
| Q2 2000 | +252% | $1,055,139 |
| Q2 2005 | +75.9% | $527,824 |
| Q2 2010 | +168% | $804,321 |
| Q2 2015 | +134% | $702,544 |
| Q2 2020 | +49.8% | $449,423 |
| Q2 2021 | +30.4% | $391,149 |
| Q2 2023 | +11.4% | $334,258 |
| Q2 2025 | +3.6% | $310,825 |
How ZIP3 897 ranks
Over the past year ZIP3 897 ranks 447th of 882 3-digit ZIP regions nationally and 4th of 7 in Nevada. Its one-year change is +0.6 pts versus the nation and +1.2 pts versus Nevada. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Nevada |
|---|---|---|
| 1 year | 447th of 882 | 4th of 7 |
| 3 years | 661st of 882 | 6th of 7 |
| 5 years | 790th of 882 | 7th of 7 |
| 10 years | 173rd of 882 | 3rd of 7 |
| Since Q1 1995 | 307th of 879 | 2nd of 7 |
Boom, bust, and recovery in ZIP3 897
ZIP3 897's index peaked in Q1 2006, fell 51.7% to its low in Q1 2012, and regained its peak in Q2 2019, about 13.2 years after the top. Today it sits +61.0% 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 897 | Q1 2006 | Q1 2012 | -51.7% | Q2 2019 (13.2 yrs) | +61.0% |
| NV | Q3 2006 | Q2 2012 | -55.7% | Q2 2020 (13.8 yrs) | +55.4% |
| Metro | Q1 2006 | Q3 2012 | -52.4% | Q2 2019 (13.2 yrs) | +56.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 897's index has changed +81.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 897 after inflation | NV after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.3% | -1.4% | -1.6% | -0.8% |
| 3 years | +9.8% | +1.5% | +2.3% | +2.4% | +2.8% |
| 5 years | +24.0% | +5.1% | +9.1% | +3.0% | +13.9% |
| 10 years | +39.1% | +51.6% | +53.7% | +48.4% | +39.0% |
| Since Q1 1995 | +121% | +81.3% | +73.8% | +75.2% | +76.8% |
Estimate appreciation for a home in ZIP3 897
Regional estimate
$632,607
- Estimated gain
- $332,607
- Index change
- +111%
- Start index
- 190.36
- End index
- 401.41
ZIP3 897 (Carson City, 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 |
|---|---|---|---|---|
| 895 · Reno, NV area | NV | +3.4% | +31.3% | +322% |
| 894 · Sparks, NV area | NV | +4.8% | +31.0% | +296% |
| 961 · South Lake Tahoe, CA area | CA | +0.7% | +21.7% | +367% |
| 957 · Elk Grove, CA area | CA | -0.8% | +19.1% | +273% |
| 956 · Vacaville, CA area | CA | -0.2% | +18.6% | +289% |
| 958 · Sacramento, CA area | CA | +1.4% | +20.9% | +341% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 401.41 |
| Q1 2026 | 405.27 |
| Q4 2025 | 392.61 |
| Q3 2025 | 385.77 |
| Q2 2025 | 387.43 |
| Q1 2025 | 375.90 |
| Q4 2024 | 382.48 |
| Q3 2024 | 373.23 |
| Q2 2024 | 370.07 |
| Q1 2024 | 376.13 |
| Q4 2023 | 361.64 |
| Q3 2023 | 379.78 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 897?
- Based on FHFA HPI® data for 3-digit ZIP region 897, the regional index changed +3.6% over the year to Q2 2026, +30.4% over five years, +111% over ten years, and +301% since Q1 1995.
- Is ZIP3 897 appreciating faster than Nevada and the U.S.?
- Over the past year the region's index +3.6% compares with +2.5% for Nevada and +3.0% for the U.S., a gap of +0.6 pts versus the nation. Over five years the gap versus the nation is −10.9 pts.
- Which ZIP codes are in 3-digit ZIP region 897?
- All ZIP codes that begin with 897. Census 2010 ZIP Code Tabulation Areas in this region run from 89701 to 89706 (6 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.