3-digit ZIP regional index
Home appreciation in ZIP codes 904xxSanta Monica, CA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 904 changed +1.2% over the year to Q2 2026, compared with +0.9% for California and +3.0% for the United States.
The region covers ZIP codes 90401–90405. Most of its 2010 population lived in Los Angeles County (100%). Communities in the region include Los Angeles. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.2%
- 5-year change
- +31.9%
- Since Q1 1995
- +457%
- National rank (1 year)
- 752nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 904 vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 904: 557.4
- California: 488.5
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 904 | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.2% | +0.9% | +3.0% | +0.3 pts | −1.8 pts |
| 3 years | +10.5% | +7.7% | +12.9% | +2.8 pts | −2.4 pts |
| 5 years | +31.9% | +28.1% | +41.3% | +3.8 pts | −9.4 pts |
| 10 years | +81.4% | +76.2% | +93.3% | +5.2 pts | −11.9 pts |
| Since Q1 1995 | +457% | +388% | +292% | +68.9 pts | +165.8 pts |
If you bought in ZIP3 904 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 | +452% | $1,656,404 |
| Q2 2000 | +336% | $1,308,199 |
| Q2 2005 | +98.9% | $596,788 |
| Q2 2010 | +142% | $726,323 |
| Q2 2015 | +93.7% | $581,210 |
| Q2 2020 | +46.6% | $439,736 |
| Q2 2021 | +31.9% | $395,773 |
| Q2 2023 | +10.5% | $331,379 |
| Q2 2025 | +1.2% | $303,600 |
How ZIP3 904 ranks
Over the past year ZIP3 904 ranks 752nd of 882 3-digit ZIP regions nationally and 28th of 57 in California. Its one-year change is −1.8 pts versus the nation and +0.3 pts versus California. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in California |
|---|---|---|
| 1 year | 752nd of 882 | 28th of 57 |
| 3 years | 692nd of 882 | 19th of 57 |
| 5 years | 771st of 882 | 27th of 57 |
| 10 years | 594th of 882 | 27th of 57 |
| Since Q1 1995 | 35th of 879 | 15th of 57 |
Boom, bust, and recovery in ZIP3 904
ZIP3 904's index peaked in Q4 2006, fell 35.8% to its low in Q2 2012, and regained its peak in Q4 2017, about 11 years after the top. Today it sits +63.8% 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 904 | Q4 2006 | Q2 2012 | -35.8% | Q4 2017 (11 yrs) | +63.8% |
| CA | Q3 2006 | Q1 2012 | -41.0% | Q2 2019 (12.8 yrs) | +50.9% |
| Metro | Q4 2006 | Q2 2012 | -35.8% | Q4 2017 (11 yrs) | +63.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 904's index has changed +152% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 904 after inflation | CA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -2.6% | -2.9% | -2.6% | -0.8% |
| 3 years | +9.8% | +0.6% | -1.9% | +0.6% | +2.8% |
| 5 years | +24.0% | +6.4% | +3.3% | +6.4% | +13.9% |
| 10 years | +39.1% | +30.4% | +26.7% | +30.4% | +39.0% |
| Since Q1 1995 | +121% | +152% | +121% | +152% | +76.8% |
Estimate appreciation for a home in ZIP3 904
Regional estimate
$544,157
- Estimated gain
- $244,157
- Index change
- +81.39%
- Start index
- 307.29
- End index
- 557.38
ZIP3 904 (Santa Monica, CA area), Q2 2016 to Q2 2026. Index type: MSA/MSAD Index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 903 · Inglewood, CA area | CA | -1.1% | +23.9% | +457% |
| 900 · Los Angeles, CA area | CA | -2.3% | +25.0% | +546% |
| 914 · Los Angeles, CA area | CA | +3.2% | +31.9% | +556% |
| 916 · Los Angeles, CA area | CA | +9.1% | +36.5% | +609% |
| 902 · Los Angeles, CA area | CA | +1.6% | +35.6% | +440% |
| 915 · Burbank, CA area | CA | +5.4% | +39.6% | +569% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 557.38 |
| Q1 2026 | 558.88 |
| Q4 2025 | 554.76 |
| Q3 2025 | 551.82 |
| Q2 2025 | 550.77 |
| Q1 2025 | 545.27 |
| Q4 2024 | 544.27 |
| Q3 2024 | 541.33 |
| Q2 2024 | 533.55 |
| Q1 2024 | 524.26 |
| Q4 2023 | 515.91 |
| Q3 2023 | 511.43 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 904?
- Based on FHFA HPI® data for 3-digit ZIP region 904, the regional index changed +1.2% over the year to Q2 2026, +31.9% over five years, +81.4% over ten years, and +457% since Q1 1995.
- Is ZIP3 904 appreciating faster than California and the U.S.?
- Over the past year the region's index +1.2% compares with +0.9% for California and +3.0% for the U.S., a gap of −1.8 pts versus the nation. Over five years the gap versus the nation is −9.4 pts.
- Which ZIP codes are in 3-digit ZIP region 904?
- All ZIP codes that begin with 904. Census 2010 ZIP Code Tabulation Areas in this region run from 90401 to 90405 (5 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.