3-digit ZIP regional index
Home appreciation in ZIP codes 934xxSanta Maria, CA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 934 changed +3.7% over the year to Q2 2026, compared with +0.9% for California and +3.0% for the United States.
The region covers ZIP codes 93401–93465. Most of its 2010 population lived in San Luis Obispo County (55%), Santa Barbara County (45%). Communities in the region include San Luis Obispo, Lompoc, El Paso de Robles (Paso Robles), Orcutt, Atascadero. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.7%
- 5-year change
- +38.5%
- Since Q1 1995
- +401%
- National rank (1 year)
- 435th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 934 vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 934: 501.5
- California: 488.5
- San Luis Obispo-Paso Robles, CA metro: 520.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 934 | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.7% | +0.9% | +3.0% | +2.8 pts | +0.7 pts |
| 3 years | +13.2% | +7.7% | +12.9% | +5.6 pts | +0.4 pts |
| 5 years | +38.5% | +28.1% | +41.3% | +10.4 pts | −2.8 pts |
| 10 years | +83.6% | +76.2% | +93.3% | +7.4 pts | −9.7 pts |
| Since Q1 1995 | +401% | +388% | +292% | +13.0 pts | +109.9 pts |
If you bought in ZIP3 934 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 | +397% | $1,489,750 |
| Q2 2000 | +267% | $1,101,604 |
| Q2 2005 | +63.9% | $491,762 |
| Q2 2010 | +137% | $710,101 |
| Q2 2015 | +96.8% | $590,288 |
| Q2 2020 | +54.8% | $464,449 |
| Q2 2021 | +38.5% | $415,624 |
| Q2 2023 | +13.2% | $339,690 |
| Q2 2025 | +3.7% | $311,138 |
How ZIP3 934 ranks
Over the past year ZIP3 934 ranks 435th of 882 3-digit ZIP regions nationally and 9th of 57 in California. Its one-year change is +0.7 pts versus the nation and +2.8 pts versus California. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in California |
|---|---|---|
| 1 year | 435th of 882 | 9th of 57 |
| 3 years | 571st of 882 | 8th of 57 |
| 5 years | 643rd of 882 | 8th of 57 |
| 10 years | 560th of 882 | 22nd of 57 |
| Since Q1 1995 | 78th of 879 | 31st of 57 |
Boom, bust, and recovery in ZIP3 934
ZIP3 934's index peaked in Q4 2005, fell 40.9% to its low in Q1 2012, and regained its peak in Q4 2020, about 15 years after the top. Today it sits +52.7% 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 934 | Q4 2005 | Q1 2012 | -40.9% | Q4 2020 (15 yrs) | +52.7% |
| CA | Q3 2006 | Q1 2012 | -41.0% | Q2 2019 (12.8 yrs) | +50.9% |
| Metro | Q2 2006 | Q1 2012 | -35.3% | Q2 2018 (12 yrs) | +61.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 934's index has changed +126% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 934 after inflation | CA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.1% | -2.9% | -0.5% | -0.8% |
| 3 years | +9.8% | +3.1% | -1.9% | +2.0% | +2.8% |
| 5 years | +24.0% | +11.7% | +3.3% | +10.1% | +13.9% |
| 10 years | +39.1% | +32.0% | +26.7% | +28.2% | +39.0% |
| Since Q1 1995 | +121% | +126% | +121% | +135% | +76.8% |
Estimate appreciation for a home in ZIP3 934
Regional estimate
$550,782
- Estimated gain
- $250,782
- Index change
- +83.59%
- Start index
- 273.13
- End index
- 501.45
ZIP3 934 (Santa Maria, 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 |
|---|---|---|---|---|
| 931 · Santa Barbara, CA area | CA | -17.7% | +18.8% | +346% |
| 933 · Bakersfield, CA area | CA | +0.7% | +37.3% | +264% |
| 932 · Visalia, CA area | CA | +1.3% | +38.0% | +255% |
| 930 · Oxnard, CA area | CA | +0.5% | +31.4% | +375% |
| 939 · Salinas, CA area | CA | +3.2% | +31.1% | +351% |
| 937 · Fresno, CA area | CA | +1.2% | +34.5% | +297% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 501.45 |
| Q1 2026 | 490.01 |
| Q4 2025 | 491.35 |
| Q3 2025 | 489.73 |
| Q2 2025 | 483.50 |
| Q1 2025 | 481.79 |
| Q4 2024 | 470.80 |
| Q3 2024 | 478.43 |
| Q2 2024 | 466.23 |
| Q1 2024 | 467.43 |
| Q4 2023 | 461.24 |
| Q3 2023 | 454.21 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 934?
- Based on FHFA HPI® data for 3-digit ZIP region 934, the regional index changed +3.7% over the year to Q2 2026, +38.5% over five years, +83.6% over ten years, and +401% since Q1 1995.
- Is ZIP3 934 appreciating faster than California and the U.S.?
- Over the past year the region's index +3.7% compares with +0.9% for California and +3.0% for the U.S., a gap of +0.7 pts versus the nation. Over five years the gap versus the nation is −2.8 pts.
- Which ZIP codes are in 3-digit ZIP region 934?
- All ZIP codes that begin with 934. Census 2010 ZIP Code Tabulation Areas in this region run from 93401 to 93465 (35 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.