3-digit ZIP regional index
Home appreciation in ZIP codes 935xxLancaster, CA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 935 changed +3.0% over the year to Q2 2026, compared with +0.9% for California and +3.0% for the United States.
The region covers ZIP codes 93501–93592. Most of its 2010 population lived in Los Angeles County (72%), Kern County (22%). Communities in the region include Palmdale, Ridgecrest, Rosamond, Tehachapi, California City. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.0%
- 5-year change
- +28.3%
- Since Q1 1995
- +348%
- National rank (1 year)
- 560th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 935 vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 935: 448.2
- California: 488.5
- Los Angeles-Long Beach-Glendale, CA metro: 557.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 935 | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.0% | +0.9% | +3.0% | +2.1 pts | −0.1 pts |
| 3 years | +8.1% | +7.7% | +12.9% | +0.4 pts | −4.8 pts |
| 5 years | +28.3% | +28.1% | +41.3% | +0.2 pts | −13.0 pts |
| 10 years | +101% | +76.2% | +93.3% | +24.8 pts | +7.7 pts |
| Since Q1 1995 | +348% | +388% | +292% | −40.3 pts | +56.7 pts |
If you bought in ZIP3 935 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 | +343% | $1,330,323 |
| Q2 2000 | +287% | $1,159,715 |
| Q2 2005 | +68.3% | $504,801 |
| Q2 2010 | +180% | $838,806 |
| Q2 2015 | +119% | $656,972 |
| Q2 2020 | +50.8% | $452,392 |
| Q2 2021 | +28.3% | $385,000 |
| Q2 2023 | +8.1% | $324,272 |
| Q2 2025 | +2.9% | $308,840 |
How ZIP3 935 ranks
Over the past year ZIP3 935 ranks 560th of 882 3-digit ZIP regions nationally and 14th of 57 in California. Its one-year change is −0.1 pts versus the nation and +2.1 pts versus California. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in California |
|---|---|---|
| 1 year | 560th of 882 | 14th of 57 |
| 3 years | 765th of 882 | 33rd of 57 |
| 5 years | 811th of 882 | 36th of 57 |
| 10 years | 306th of 882 | 4th of 57 |
| Since Q1 1995 | 173rd of 879 | 42nd of 57 |
Boom, bust, and recovery in ZIP3 935
ZIP3 935's index peaked in Q3 2006, fell 55.1% to its low in Q1 2012, and regained its peak in Q1 2021, about 14.5 years after the top. Today it sits +39.3% 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 935 | Q3 2006 | Q1 2012 | -55.1% | Q1 2021 (14.5 yrs) | +39.3% |
| 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 935's index has changed +102% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 935 after inflation | CA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.9% | -2.9% | -2.6% | -0.8% |
| 3 years | +9.8% | -1.6% | -1.9% | +0.6% | +2.8% |
| 5 years | +24.0% | +3.5% | +3.3% | +6.4% | +13.9% |
| 10 years | +39.1% | +44.5% | +26.7% | +30.4% | +39.0% |
| Since Q1 1995 | +121% | +102% | +121% | +152% | +76.8% |
Estimate appreciation for a home in ZIP3 935
Regional estimate
$603,027
- Estimated gain
- $303,027
- Index change
- +101%
- Start index
- 222.99
- End index
- 448.23
ZIP3 935 (Lancaster, 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 |
|---|---|---|---|---|
| 913 · Los Angeles, CA area | CA | +0.3% | +30.6% | +437% |
| 910 · Arcadia, CA area | CA | -4.2% | +28.7% | +475% |
| 915 · Burbank, CA area | CA | +5.4% | +39.6% | +569% |
| 912 · Glendale, CA area | CA | +0.8% | +37.4% | +503% |
| 911 · Pasadena, CA area | CA | -0.7% | +34.5% | +542% |
| 916 · Los Angeles, CA area | CA | +9.1% | +36.5% | +609% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 448.23 |
| Q1 2026 | 446.90 |
| Q4 2025 | 442.37 |
| Q3 2025 | 448.37 |
| Q2 2025 | 435.40 |
| Q1 2025 | 436.72 |
| Q4 2024 | 440.65 |
| Q3 2024 | 441.44 |
| Q2 2024 | 433.52 |
| Q1 2024 | 421.20 |
| Q4 2023 | 420.42 |
| Q3 2023 | 421.31 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 935?
- Based on FHFA HPI® data for 3-digit ZIP region 935, the regional index changed +3.0% over the year to Q2 2026, +28.3% over five years, +101% over ten years, and +348% since Q1 1995.
- Is ZIP3 935 appreciating faster than California and the U.S.?
- Over the past year the region's index +3.0% compares with +0.9% for California and +3.0% for the U.S., a gap of −0.1 pts versus the nation. Over five years the gap versus the nation is −13.0 pts.
- Which ZIP codes are in 3-digit ZIP region 935?
- All ZIP codes that begin with 935. Census 2010 ZIP Code Tabulation Areas in this region run from 93501 to 93592 (42 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.