3-digit ZIP regional index
Home appreciation in ZIP codes 945xxFremont, CA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 945 changed +0.8% over the year to Q2 2026, compared with +0.9% for California and +3.0% for the United States.
The region covers ZIP codes 94501–94599. Most of its 2010 population lived in Alameda County (43%), Contra Costa County (39%), Solano County (13%). Communities in the region include Hayward, Concord, Vallejo, Fairfield, Antioch. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +0.8%
- 5-year change
- +17.0%
- Since Q1 1995
- +362%
- National rank (1 year)
- 776th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 945 vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 945: 461.9
- California: 488.5
- Oakland-Fremont-Berkeley, CA metro: 456.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 945 | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.8% | +0.9% | +3.0% | −0.1 pts | −2.2 pts |
| 3 years | +2.5% | +7.7% | +12.9% | −5.2 pts | −10.3 pts |
| 5 years | +17.0% | +28.1% | +41.3% | −11.1 pts | −24.3 pts |
| 10 years | +57.9% | +76.2% | +93.3% | −18.3 pts | −35.4 pts |
| Since Q1 1995 | +362% | +388% | +292% | −26.6 pts | +70.3 pts |
If you bought in ZIP3 945 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 | +356% | $1,369,286 |
| Q2 2000 | +210% | $930,357 |
| Q2 2005 | +58.5% | $475,409 |
| Q2 2010 | +135% | $703,554 |
| Q2 2015 | +72.5% | $517,394 |
| Q2 2020 | +31.0% | $392,916 |
| Q2 2021 | +17.0% | $350,895 |
| Q2 2023 | +2.5% | $307,524 |
| Q2 2025 | +0.8% | $302,377 |
How ZIP3 945 ranks
Over the past year ZIP3 945 ranks 776th of 882 3-digit ZIP regions nationally and 36th of 57 in California. Its one-year change is −2.2 pts versus the nation and −0.1 pts versus California. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in California |
|---|---|---|
| 1 year | 776th of 882 | 36th of 57 |
| 3 years | 858th of 882 | 51st of 57 |
| 5 years | 870th of 882 | 52nd of 57 |
| 10 years | 826th of 882 | 47th of 57 |
| Since Q1 1995 | 136th of 879 | 40th of 57 |
Boom, bust, and recovery in ZIP3 945
ZIP3 945's index peaked in Q1 2006, fell 42.9% to its low in Q1 2012, and regained its peak in Q3 2017, about 11.5 years after the top. Today it sits +44.5% 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 945 | Q1 2006 | Q1 2012 | -42.9% | Q3 2017 (11.5 yrs) | +44.5% |
| CA | Q3 2006 | Q1 2012 | -41.0% | Q2 2019 (12.8 yrs) | +50.9% |
| Metro | Q2 2006 | Q1 2012 | -39.7% | Q4 2016 (10.5 yrs) | +41.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 945's index has changed +109% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 945 after inflation | CA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -3.0% | -2.9% | -8.3% | -0.8% |
| 3 years | +9.8% | -6.7% | -1.9% | -11.5% | +2.8% |
| 5 years | +24.0% | -5.7% | +3.3% | -12.7% | +13.9% |
| 10 years | +39.1% | +13.5% | +26.7% | +4.7% | +39.0% |
| Since Q1 1995 | +121% | +109% | +121% | +106% | +76.8% |
Estimate appreciation for a home in ZIP3 945
Regional estimate
$473,703
- Estimated gain
- $173,703
- Index change
- +57.90%
- Start index
- 292.50
- End index
- 461.86
ZIP3 945 (Fremont, 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 |
|---|---|---|---|---|
| 946 · Oakland, CA area | CA | +2.6% | +1.4% | +420% |
| 947 · Berkeley, CA area | CA | +4.7% | +22.2% | +457% |
| 948 · Richmond, CA area | CA | +1.6% | +11.3% | +394% |
| 941 · San Francisco, CA area | CA | +0.9% | +13.3% | +418% |
| 944 · San Mateo, CA area | CA | +4.2% | +29.6% | +395% |
| 940 · Sunnyvale, CA area | CA | +0.6% | +20.8% | +392% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 461.86 |
| Q1 2026 | 461.18 |
| Q4 2025 | 461.20 |
| Q3 2025 | 461.94 |
| Q2 2025 | 458.23 |
| Q1 2025 | 462.40 |
| Q4 2024 | 465.10 |
| Q3 2024 | 461.77 |
| Q2 2024 | 465.98 |
| Q1 2024 | 458.25 |
| Q4 2023 | 450.27 |
| Q3 2023 | 454.91 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 945?
- Based on FHFA HPI® data for 3-digit ZIP region 945, the regional index changed +0.8% over the year to Q2 2026, +17.0% over five years, +57.9% over ten years, and +362% since Q1 1995.
- Is ZIP3 945 appreciating faster than California and the U.S.?
- Over the past year the region's index +0.8% compares with +0.9% for California and +3.0% for the U.S., a gap of −2.2 pts versus the nation. Over five years the gap versus the nation is −24.3 pts.
- Which ZIP codes are in 3-digit ZIP region 945?
- All ZIP codes that begin with 945. Census 2010 ZIP Code Tabulation Areas in this region run from 94501 to 94599 (82 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.