3-digit ZIP regional index
Home appreciation in ZIP codes 968xxUrban Honolulu, HI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 968 changed +2.4% over the year to Q2 2026, compared with +8.7% for Hawaii and +3.0% for the United States.
The region covers ZIP codes 96813–96863. Most of its 2010 population lived in Honolulu County (100%). Communities in the region include East Honolulu, Hickam Housing, Halawa, Schofield Barracks, Kaneohe Station. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.4%
- 5-year change
- +35.2%
- Since Q1 1995
- +233%
- National rank (1 year)
- 619th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 968 vs Hawaii and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 968: 333.0
- Hawaii: 382.8
- Urban Honolulu, HI metro: 365.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 968 | HI | U.S. | Gap vs HI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.4% | +8.7% | +3.0% | −6.3 pts | −0.6 pts |
| 3 years | +12.0% | +10.6% | +12.9% | +1.4 pts | −0.9 pts |
| 5 years | +35.2% | +41.4% | +41.3% | −6.2 pts | −6.1 pts |
| 10 years | +48.0% | +74.8% | +93.3% | −26.8 pts | −45.3 pts |
| Since Q1 1995 | +233% | +283% | +292% | −49.7 pts | −58.5 pts |
If you bought in ZIP3 968 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 | +229% | $986,171 |
| Q2 2000 | +282% | $1,147,193 |
| Q2 2005 | +117% | $650,280 |
| Q2 2010 | +93.6% | $580,866 |
| Q2 2015 | +57.4% | $472,160 |
| Q2 2020 | +38.0% | $414,028 |
| Q2 2021 | +35.2% | $405,623 |
| Q2 2023 | +12.0% | $336,009 |
| Q2 2025 | +2.4% | $307,157 |
How ZIP3 968 ranks
Over the past year ZIP3 968 ranks 619th of 882 3-digit ZIP regions nationally and 2nd of 2 in Hawaii. Its one-year change is −0.6 pts versus the nation and −6.3 pts versus Hawaii. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Hawaii |
|---|---|---|
| 1 year | 619th of 882 | 2nd of 2 |
| 3 years | 637th of 882 | 1st of 2 |
| 5 years | 719th of 882 | 2nd of 2 |
| 10 years | 857th of 882 | 2nd of 2 |
| Since Q1 1995 | 616th of 879 | 2nd of 2 |
Boom, bust, and recovery in ZIP3 968
ZIP3 968's index peaked in Q3 2007, fell 8.9% to its low in Q4 2009, and regained its peak in Q2 2013, about 5.8 years after the top. Today it sits +78.2% 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 968 | Q3 2007 | Q4 2009 | -8.9% | Q2 2013 (5.8 yrs) | +78.2% |
| HI | Q2 2007 | Q1 2011 | -18.5% | Q4 2015 (8.5 yrs) | +81.7% |
| Metro | Q4 2007 | Q4 2009 | -10.9% | Q4 2013 (6 yrs) | +87.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 968's index has changed +50.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 968 after inflation | HI after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.4% | +4.7% | +6.9% | -0.8% |
| 3 years | +9.8% | +2.0% | +0.7% | +3.1% | +2.8% |
| 5 years | +24.0% | +9.0% | +14.0% | +11.8% | +13.9% |
| 10 years | +39.1% | +6.4% | +25.7% | +16.4% | +39.0% |
| Since Q1 1995 | +121% | +50.4% | +72.9% | +65.0% | +76.8% |
Estimate appreciation for a home in ZIP3 968
Regional estimate
$444,020
- Estimated gain
- $144,020
- Index change
- +48.01%
- Start index
- 225.01
- End index
- 333.03
ZIP3 968 (Urban Honolulu, HI 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 |
|---|---|---|---|---|
| 967 · Pearl City, HI area | HI | +6.7% | +44.0% | +299% |
| 955 · Eureka, CA area | CA | -0.6% | +23.1% | +281% |
| 949 · Petaluma, CA area | CA | +2.7% | +19.9% | +319% |
| 954 · Santa Rosa, CA area | CA | +0.9% | +16.4% | +307% |
| 941 · San Francisco, CA area | CA | +0.9% | +13.3% | +418% |
| 944 · San Mateo, CA area | CA | +4.2% | +29.6% | +395% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 333.03 |
| Q1 2026 | 325.99 |
| Q4 2025 | 322.85 |
| Q3 2025 | 333.17 |
| Q2 2025 | 325.27 |
| Q1 2025 | 309.30 |
| Q4 2024 | 329.09 |
| Q3 2024 | 328.28 |
| Q2 2024 | 314.93 |
| Q1 2024 | 303.14 |
| Q4 2023 | 309.16 |
| Q3 2023 | 293.52 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 968?
- Based on FHFA HPI® data for 3-digit ZIP region 968, the regional index changed +2.4% over the year to Q2 2026, +35.2% over five years, +48.0% over ten years, and +233% since Q1 1995.
- Is ZIP3 968 appreciating faster than Hawaii and the U.S.?
- Over the past year the region's index +2.4% compares with +8.7% for Hawaii and +3.0% for the U.S., a gap of −0.6 pts versus the nation. Over five years the gap versus the nation is −6.1 pts.
- Which ZIP codes are in 3-digit ZIP region 968?
- All ZIP codes that begin with 968. Census 2010 ZIP Code Tabulation Areas in this region run from 96813 to 96863 (17 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.