3-digit ZIP regional index
Home appreciation in ZIP codes 974xxEugene, OR area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 974 changed +3.6% over the year to Q2 2026, compared with +1.6% for Oregon and +3.0% for the United States.
The region covers ZIP codes 97401–97499. Most of its 2010 population lived in Lane County (63%), Douglas County (19%), Coos County (11%). Communities in the region include Springfield, Roseburg, Coos Bay, North Bend, Cottage Grove. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.6%
- 5-year change
- +28.9%
- Since Q1 1995
- +316%
- National rank (1 year)
- 454th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 974 vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 974: 415.6
- Oregon: 447.6
- Eugene-Springfield, OR metro: 421.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 974 | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.6% | +1.6% | +3.0% | +1.9 pts | +0.5 pts |
| 3 years | +7.9% | +6.0% | +12.9% | +2.0 pts | −4.9 pts |
| 5 years | +28.9% | +23.8% | +41.3% | +5.1 pts | −12.4 pts |
| 10 years | +98.5% | +80.0% | +93.3% | +18.5 pts | +5.2 pts |
| Since Q1 1995 | +316% | +348% | +292% | −32.0 pts | +24.0 pts |
If you bought in ZIP3 974 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 | +308% | $1,225,056 |
| Q2 2000 | +237% | $1,010,734 |
| Q2 2005 | +130% | $690,868 |
| Q2 2010 | +119% | $658,292 |
| Q2 2015 | +113% | $639,551 |
| Q2 2020 | +50.2% | $450,721 |
| Q2 2021 | +28.9% | $386,730 |
| Q2 2023 | +7.9% | $323,820 |
| Q2 2025 | +3.6% | $310,699 |
How ZIP3 974 ranks
Over the past year ZIP3 974 ranks 454th of 882 3-digit ZIP regions nationally and 1st of 10 in Oregon. Its one-year change is +0.5 pts versus the nation and +1.9 pts versus Oregon. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Oregon |
|---|---|---|
| 1 year | 454th of 882 | 1st of 10 |
| 3 years | 770th of 882 | 4th of 10 |
| 5 years | 804th of 882 | 6th of 10 |
| 10 years | 338th of 882 | 6th of 10 |
| Since Q1 1995 | 261st of 879 | 9th of 10 |
Boom, bust, and recovery in ZIP3 974
ZIP3 974's index peaked in Q2 2007, fell 25.4% to its low in Q2 2012, and regained its peak in Q3 2017, about 10.2 years after the top. Today it sits +83.2% 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 974 | Q2 2007 | Q2 2012 | -25.4% | Q3 2017 (10.2 yrs) | +83.2% |
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| Metro | Q2 2007 | Q2 2012 | -23.9% | Q2 2017 (10 yrs) | +90.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 974's index has changed +87.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 974 after inflation | OR after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.3% | -2.1% | +0.1% | -0.8% |
| 3 years | +9.8% | -1.7% | -3.5% | -1.7% | +2.8% |
| 5 years | +24.0% | +3.9% | -0.1% | +3.7% | +13.9% |
| 10 years | +39.1% | +42.7% | +29.4% | +43.6% | +39.0% |
| Since Q1 1995 | +121% | +87.7% | +102% | +90.2% | +76.8% |
Estimate appreciation for a home in ZIP3 974
Regional estimate
$595,529
- Estimated gain
- $295,529
- Index change
- +98.51%
- Start index
- 209.35
- End index
- 415.58
ZIP3 974 (Eugene, 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 |
|---|---|---|---|---|
| 973 · Salem, OR area | OR | +0.5% | +29.7% | +322% |
| 975 · Medford, OR area | OR | +1.5% | +20.4% | +302% |
| 977 · Bend, OR area | OR | +0.7% | +29.7% | +457% |
| 971 · Hillsboro, OR area | OR | +1.9% | +28.3% | +348% |
| 970 · Beaverton, OR area | OR | +1.2% | +23.5% | +325% |
| 972 · Portland, OR area | OR | +1.2% | +15.2% | +401% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 415.58 |
| Q1 2026 | 408.72 |
| Q4 2025 | 407.62 |
| Q3 2025 | 406.67 |
| Q2 2025 | 401.27 |
| Q1 2025 | 399.17 |
| Q4 2024 | 396.39 |
| Q3 2024 | 399.36 |
| Q2 2024 | 394.92 |
| Q1 2024 | 386.88 |
| Q4 2023 | 382.23 |
| Q3 2023 | 389.17 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 974?
- Based on FHFA HPI® data for 3-digit ZIP region 974, the regional index changed +3.6% over the year to Q2 2026, +28.9% over five years, +98.5% over ten years, and +316% since Q1 1995.
- Is ZIP3 974 appreciating faster than Oregon and the U.S.?
- Over the past year the region's index +3.6% compares with +1.6% for Oregon and +3.0% for the U.S., a gap of +0.5 pts versus the nation. Over five years the gap versus the nation is −12.4 pts.
- Which ZIP codes are in 3-digit ZIP region 974?
- All ZIP codes that begin with 974. Census 2010 ZIP Code Tabulation Areas in this region run from 97401 to 97499 (77 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.