3-digit ZIP regional index
Home appreciation in ZIP codes 923xxFontana, CA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 923 changed +1.7% over the year to Q2 2026, compared with +0.9% for California and +3.0% for the United States.
The region covers ZIP codes 92301–92399. Most of its 2010 population lived in San Bernardino County (99%). Communities in the region include Victorville, Rialto, Hesperia, Apple Valley, Redlands. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.7%
- 5-year change
- +35.1%
- Since Q1 1995
- +375%
- National rank (1 year)
- 697th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 923 vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 923: 474.9
- California: 488.5
- Riverside-San Bernardino-Ontario, CA metro: 501.1
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 923 | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.7% | +0.9% | +3.0% | +0.8 pts | −1.3 pts |
| 3 years | +8.9% | +7.7% | +12.9% | +1.3 pts | −3.9 pts |
| 5 years | +35.1% | +28.1% | +41.3% | +7.0 pts | −6.2 pts |
| 10 years | +101% | +76.2% | +93.3% | +25.2 pts | +8.1 pts |
| Since Q1 1995 | +375% | +388% | +292% | −13.6 pts | +83.4 pts |
If you bought in ZIP3 923 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 | +376% | $1,427,615 |
| Q2 2000 | +312% | $1,236,771 |
| Q2 2005 | +79.6% | $538,662 |
| Q2 2010 | +194% | $881,931 |
| Q2 2015 | +116% | $648,325 |
| Q2 2020 | +57.6% | $472,918 |
| Q2 2021 | +35.1% | $405,291 |
| Q2 2023 | +8.9% | $326,825 |
| Q2 2025 | +1.7% | $305,042 |
How ZIP3 923 ranks
Over the past year ZIP3 923 ranks 697th of 882 3-digit ZIP regions nationally and 22nd of 57 in California. Its one-year change is −1.3 pts versus the nation and +0.8 pts versus California. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in California |
|---|---|---|
| 1 year | 697th of 882 | 22nd of 57 |
| 3 years | 749th of 882 | 30th of 57 |
| 5 years | 721st of 882 | 19th of 57 |
| 10 years | 293rd of 882 | 3rd of 57 |
| Since Q1 1995 | 123rd of 879 | 38th of 57 |
Boom, bust, and recovery in ZIP3 923
ZIP3 923's index peaked in Q4 2006, fell 53.8% to its low in Q1 2012, and regained its peak in Q1 2021, about 14.2 years after the top. Today it sits +46.7% 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 923 | Q4 2006 | Q1 2012 | -53.8% | Q1 2021 (14.2 yrs) | +46.7% |
| CA | Q3 2006 | Q1 2012 | -41.0% | Q2 2019 (12.8 yrs) | +50.9% |
| Metro | Q4 2006 | Q2 2012 | -50.5% | Q4 2020 (14 yrs) | +50.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 923's index has changed +115% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 923 after inflation | CA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -2.1% | -2.9% | -2.9% | -0.8% |
| 3 years | +9.8% | -0.8% | -1.9% | -0.8% | +2.8% |
| 5 years | +24.0% | +8.9% | +3.3% | +9.6% | +13.9% |
| 10 years | +39.1% | +44.8% | +26.7% | +42.6% | +39.0% |
| Since Q1 1995 | +121% | +115% | +121% | +126% | +76.8% |
Estimate appreciation for a home in ZIP3 923
Regional estimate
$604,198
- Estimated gain
- $304,198
- Index change
- +101%
- Start index
- 235.81
- End index
- 474.92
ZIP3 923 (Fontana, CA 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 |
|---|---|---|---|---|
| 924 · San Bernardino, CA area | CA | +2.4% | +38.3% | +444% |
| 925 · Riverside, CA area | CA | +0.8% | +35.7% | +402% |
| 917 · Rancho Cucamonga, CA area | CA | +0.1% | +34.1% | +423% |
| 928 · Anaheim, CA area | CA | +3.0% | +42.8% | +458% |
| 910 · Arcadia, CA area | CA | -4.2% | +28.7% | +475% |
| 911 · Pasadena, CA area | CA | -0.7% | +34.5% | +542% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 474.92 |
| Q1 2026 | 474.40 |
| Q4 2025 | 468.30 |
| Q3 2025 | 466.60 |
| Q2 2025 | 467.07 |
| Q1 2025 | 458.29 |
| Q4 2024 | 462.10 |
| Q3 2024 | 459.85 |
| Q2 2024 | 453.11 |
| Q1 2024 | 446.46 |
| Q4 2023 | 441.37 |
| Q3 2023 | 438.43 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 923?
- Based on FHFA HPI® data for 3-digit ZIP region 923, the regional index changed +1.7% over the year to Q2 2026, +35.1% over five years, +101% over ten years, and +375% since Q1 1995.
- Is ZIP3 923 appreciating faster than California and the U.S.?
- Over the past year the region's index +1.7% compares with +0.9% for California and +3.0% for the U.S., a gap of −1.3 pts versus the nation. Over five years the gap versus the nation is −6.2 pts.
- Which ZIP codes are in 3-digit ZIP region 923?
- All ZIP codes that begin with 923. Census 2010 ZIP Code Tabulation Areas in this region run from 92301 to 92399 (60 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.