3-digit ZIP regional index
Home appreciation in ZIP codes 961xxSouth Lake Tahoe, CA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 961 changed +0.7% over the year to Q2 2026, compared with +0.9% for California and +3.0% for the United States.
The region covers ZIP codes 96101–96161. Most of its 2010 population lived in Lassen County (28%), El Dorado County (26%), Nevada County (14%). Communities in the region include Susanville, Truckee, Kings Beach, Alturas, Portola. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +0.7%
- 5-year change
- +21.7%
- Since Q1 1995
- +367%
- National rank (1 year)
- 783rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 961 vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 961: 467.4
- California: 488.5
- Sacramento-Roseville-Folsom, CA metro: 409.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 961 | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.7% | +0.9% | +3.0% | −0.2 pts | −2.3 pts |
| 3 years | +6.1% | +7.7% | +12.9% | −1.6 pts | −6.8 pts |
| 5 years | +21.7% | +28.1% | +41.3% | −6.4 pts | −19.6 pts |
| 10 years | +77.6% | +76.2% | +93.3% | +1.4 pts | −15.7 pts |
| Since Q1 1995 | +367% | +388% | +292% | −21.1 pts | +75.9 pts |
If you bought in ZIP3 961 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 | +361% | $1,381,780 |
| Q2 2000 | +227% | $980,923 |
| Q2 2005 | +60.4% | $481,304 |
| Q2 2010 | +114% | $643,195 |
| Q2 2015 | +90.1% | $570,221 |
| Q2 2020 | +44.3% | $432,907 |
| Q2 2021 | +21.7% | $365,145 |
| Q2 2023 | +6.1% | $318,312 |
| Q2 2025 | +0.7% | $302,068 |
How ZIP3 961 ranks
Over the past year ZIP3 961 ranks 783rd of 882 3-digit ZIP regions nationally and 37th of 57 in California. Its one-year change is −2.3 pts versus the nation and −0.2 pts versus California. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in California |
|---|---|---|
| 1 year | 783rd of 882 | 37th of 57 |
| 3 years | 808th of 882 | 39th of 57 |
| 5 years | 852nd of 882 | 42nd of 57 |
| 10 years | 626th of 882 | 33rd of 57 |
| Since Q1 1995 | 133rd of 879 | 39th of 57 |
Boom, bust, and recovery in ZIP3 961
ZIP3 961's index peaked in Q2 2006, fell 42.7% to its low in Q2 2012, and regained its peak in Q4 2020, about 14.5 years after the top. Today it sits +41.2% 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 961 | Q2 2006 | Q2 2012 | -42.7% | Q4 2020 (14.5 yrs) | +41.2% |
| CA | Q3 2006 | Q1 2012 | -41.0% | Q2 2019 (12.8 yrs) | +50.9% |
| Metro | Q4 2005 | Q2 2012 | -48.1% | Q2 2020 (14.5 yrs) | +39.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 961's index has changed +111% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 961 after inflation | CA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -3.1% | -2.9% | -3.6% | -0.8% |
| 3 years | +9.8% | -3.4% | -1.9% | -4.9% | +2.8% |
| 5 years | +24.0% | -1.9% | +3.3% | -3.4% | +13.9% |
| 10 years | +39.1% | +27.7% | +26.7% | +25.5% | +39.0% |
| Since Q1 1995 | +121% | +111% | +121% | +84.7% | +76.8% |
Estimate appreciation for a home in ZIP3 961
Regional estimate
$532,823
- Estimated gain
- $232,823
- Index change
- +77.61%
- Start index
- 263.17
- End index
- 467.41
ZIP3 961 (South Lake Tahoe, 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 |
|---|---|---|---|---|
| 895 · Reno, NV area | NV | +3.4% | +31.3% | +322% |
| 897 · Carson City, NV area | NV | +3.6% | +30.4% | +301% |
| 894 · Sparks, NV area | NV | +4.8% | +31.0% | +296% |
| 959 · Chico, CA area | CA | +0.3% | +16.7% | +263% |
| 957 · Elk Grove, CA area | CA | -0.8% | +19.1% | +273% |
| 956 · Vacaville, CA area | CA | -0.2% | +18.6% | +289% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 467.41 |
| Q1 2026 | 468.33 |
| Q4 2025 | 462.13 |
| Q3 2025 | 460.56 |
| Q2 2025 | 464.21 |
| Q1 2025 | 455.50 |
| Q4 2024 | 455.44 |
| Q3 2024 | 451.18 |
| Q2 2024 | 446.46 |
| Q1 2024 | 457.63 |
| Q4 2023 | 447.47 |
| Q3 2023 | 452.87 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 961?
- Based on FHFA HPI® data for 3-digit ZIP region 961, the regional index changed +0.7% over the year to Q2 2026, +21.7% over five years, +77.6% over ten years, and +367% since Q1 1995.
- Is ZIP3 961 appreciating faster than California and the U.S.?
- Over the past year the region's index +0.7% compares with +0.9% for California and +3.0% for the U.S., a gap of −2.3 pts versus the nation. Over five years the gap versus the nation is −19.6 pts.
- Which ZIP codes are in 3-digit ZIP region 961?
- All ZIP codes that begin with 961. Census 2010 ZIP Code Tabulation Areas in this region run from 96101 to 96161 (44 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.