3-digit ZIP regional index
Home appreciation in ZIP codes 971xxHillsboro, OR area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 971 changed +1.9% over the year to Q2 2026, compared with +1.6% for Oregon and +3.0% for the United States.
The region covers ZIP codes 97101–97149. Most of its 2010 population lived in Washington County (52%), Yamhill County (28%), Clatsop County (11%). Communities in the region include McMinnville, Newberg, Forest Grove, Sherwood, Cornelius. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.9%
- 5-year change
- +28.3%
- Since Q1 1995
- +348%
- National rank (1 year)
- 665th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 971 vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 971: 447.7
- Oregon: 447.6
- Portland-Vancouver-Hillsboro, OR-WA metro: 455.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 971 | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.9% | +1.6% | +3.0% | +0.3 pts | −1.1 pts |
| 3 years | +7.6% | +6.0% | +12.9% | +1.6 pts | −5.2 pts |
| 5 years | +28.3% | +23.8% | +41.3% | +4.5 pts | −12.9 pts |
| 10 years | +90.3% | +80.0% | +93.3% | +10.3 pts | −3.1 pts |
| Since Q1 1995 | +348% | +348% | +292% | +0.1 pts | +56.1 pts |
If you bought in ZIP3 971 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 | +338% | $1,313,556 |
| Q2 2000 | +242% | $1,025,645 |
| Q2 2005 | +155% | $763,664 |
| Q2 2010 | +134% | $700,966 |
| Q2 2015 | +111% | $632,526 |
| Q2 2020 | +46.9% | $440,654 |
| Q2 2021 | +28.3% | $385,007 |
| Q2 2023 | +7.6% | $322,933 |
| Q2 2025 | +1.9% | $305,807 |
How ZIP3 971 ranks
Over the past year ZIP3 971 ranks 665th of 882 3-digit ZIP regions nationally and 5th of 10 in Oregon. Its one-year change is −1.1 pts versus the nation and +0.3 pts versus Oregon. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Oregon |
|---|---|---|
| 1 year | 665th of 882 | 5th of 10 |
| 3 years | 777th of 882 | 6th of 10 |
| 5 years | 810th of 882 | 7th of 10 |
| 10 years | 450th of 882 | 7th of 10 |
| Since Q1 1995 | 177th of 879 | 3rd of 10 |
Boom, bust, and recovery in ZIP3 971
ZIP3 971's index peaked in Q1 2008, fell 26.5% to its low in Q2 2012, and regained its peak in Q3 2016, about 8.5 years after the top. Today it sits +90.1% 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 971 | Q1 2008 | Q2 2012 | -26.5% | Q3 2016 (8.5 yrs) | +90.1% |
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| Metro | Q4 2007 | Q2 2012 | -24.9% | Q3 2015 (7.8 yrs) | +88.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 971's index has changed +102% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 971 after inflation | OR after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.9% | -2.1% | -2.4% | -0.8% |
| 3 years | +9.8% | -2.0% | -3.5% | -4.8% | +2.8% |
| 5 years | +24.0% | +3.5% | -0.1% | -2.3% | +13.9% |
| 10 years | +39.1% | +36.8% | +29.4% | +22.8% | +39.0% |
| Since Q1 1995 | +121% | +102% | +102% | +106% | +76.8% |
Estimate appreciation for a home in ZIP3 971
Regional estimate
$570,801
- Estimated gain
- $270,801
- Index change
- +90.27%
- Start index
- 235.28
- End index
- 447.66
ZIP3 971 (Hillsboro, OR 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 |
|---|---|---|---|---|
| 972 · Portland, OR area | OR | +1.2% | +15.2% | +401% |
| 970 · Beaverton, OR area | OR | +1.2% | +23.5% | +325% |
| 986 · Vancouver, WA area | WA | +2.0% | +31.1% | +339% |
| 973 · Salem, OR area | OR | +0.5% | +29.7% | +322% |
| 985 · Olympia, WA area | WA | +2.3% | +32.9% | +323% |
| 974 · Eugene, OR area | OR | +3.6% | +28.9% | +316% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 447.66 |
| Q1 2026 | 444.66 |
| Q4 2025 | 441.19 |
| Q3 2025 | 438.40 |
| Q2 2025 | 439.16 |
| Q1 2025 | 431.65 |
| Q4 2024 | 432.20 |
| Q3 2024 | 433.30 |
| Q2 2024 | 431.47 |
| Q1 2024 | 421.79 |
| Q4 2023 | 422.83 |
| Q3 2023 | 419.84 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 971?
- Based on FHFA HPI® data for 3-digit ZIP region 971, the regional index changed +1.9% over the year to Q2 2026, +28.3% over five years, +90.3% over ten years, and +348% since Q1 1995.
- Is ZIP3 971 appreciating faster than Oregon and the U.S.?
- Over the past year the region's index +1.9% compares with +1.6% for Oregon and +3.0% for the U.S., a gap of −1.1 pts versus the nation. Over five years the gap versus the nation is −12.9 pts.
- Which ZIP codes are in 3-digit ZIP region 971?
- All ZIP codes that begin with 971. Census 2010 ZIP Code Tabulation Areas in this region run from 97101 to 97149 (41 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.