3-digit ZIP regional index
Home appreciation in ZIP codes 975xxMedford, OR area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 975 changed +1.5% over the year to Q2 2026, compared with +1.6% for Oregon and +3.0% for the United States.
The region covers ZIP codes 97501–97544. Most of its 2010 population lived in Jackson County (71%), Josephine County (29%). Communities in the region include Grants Pass, Ashland, Central Point, Eagle Point, White City. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.5%
- 5-year change
- +20.4%
- Since Q1 1995
- +302%
- National rank (1 year)
- 708th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 975 vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 975: 401.6
- Oregon: 447.6
- Medford, OR metro: 407.5
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 975 | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.5% | +1.6% | +3.0% | −0.1 pts | −1.5 pts |
| 3 years | +7.0% | +6.0% | +12.9% | +1.0 pts | −5.8 pts |
| 5 years | +20.4% | +23.8% | +41.3% | −3.4 pts | −20.9 pts |
| 10 years | +78.7% | +80.0% | +93.3% | −1.3 pts | −14.6 pts |
| Since Q1 1995 | +302% | +348% | +292% | −46.0 pts | +10.1 pts |
If you bought in ZIP3 975 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 | +292% | $1,174,642 |
| Q2 2000 | +213% | $938,049 |
| Q2 2005 | +66.7% | $499,950 |
| Q2 2010 | +115% | $643,606 |
| Q2 2015 | +92.5% | $577,496 |
| Q2 2020 | +39.9% | $419,758 |
| Q2 2021 | +20.4% | $361,279 |
| Q2 2023 | +7.0% | $321,023 |
| Q2 2025 | +1.5% | $304,527 |
How ZIP3 975 ranks
Over the past year ZIP3 975 ranks 708th of 882 3-digit ZIP regions nationally and 6th of 10 in Oregon. Its one-year change is −1.5 pts versus the nation and −0.1 pts versus Oregon. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Oregon |
|---|---|---|
| 1 year | 708th of 882 | 6th of 10 |
| 3 years | 789th of 882 | 7th of 10 |
| 5 years | 862nd of 882 | 9th of 10 |
| 10 years | 617th of 882 | 8th of 10 |
| Since Q1 1995 | 305th of 879 | 10th of 10 |
Boom, bust, and recovery in ZIP3 975
ZIP3 975's index peaked in Q2 2006, fell 40.1% to its low in Q2 2012, and regained its peak in Q3 2019, about 13.2 years after the top. Today it sits +46.6% 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 975 | Q2 2006 | Q2 2012 | -40.1% | Q3 2019 (13.2 yrs) | +46.6% |
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| Metro | Q2 2006 | Q2 2012 | -41.1% | Q3 2019 (13.2 yrs) | +47.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 975's index has changed +81.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 975 after inflation | OR after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -2.3% | -2.1% | +0.0% | -0.8% |
| 3 years | +9.8% | -2.5% | -3.5% | -0.9% | +2.8% |
| 5 years | +24.0% | -2.9% | -0.1% | -1.6% | +13.9% |
| 10 years | +39.1% | +28.5% | +29.4% | +30.2% | +39.0% |
| Since Q1 1995 | +121% | +81.4% | +102% | +84.1% | +76.8% |
Estimate appreciation for a home in ZIP3 975
Regional estimate
$536,219
- Estimated gain
- $236,219
- Index change
- +78.74%
- Start index
- 224.69
- End index
- 401.61
ZIP3 975 (Medford, 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 |
|---|---|---|---|---|
| 976 · Klamath Falls, OR area | OR | +3.0% | +35.6% | +328% |
| 974 · Eugene, OR area | OR | +3.6% | +28.9% | +316% |
| 955 · Eureka, CA area | CA | -0.6% | +23.1% | +281% |
| 960 · Redding, CA area | CA | +1.7% | +21.0% | +239% |
| 977 · Bend, OR area | OR | +0.7% | +29.7% | +457% |
| 973 · Salem, OR area | OR | +0.5% | +29.7% | +322% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 401.61 |
| Q1 2026 | 395.36 |
| Q4 2025 | 396.98 |
| Q3 2025 | 391.28 |
| Q2 2025 | 395.64 |
| Q1 2025 | 385.74 |
| Q4 2024 | 386.64 |
| Q3 2024 | 379.72 |
| Q2 2024 | 379.37 |
| Q1 2024 | 371.01 |
| Q4 2023 | 372.43 |
| Q3 2023 | 374.81 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 975?
- Based on FHFA HPI® data for 3-digit ZIP region 975, the regional index changed +1.5% over the year to Q2 2026, +20.4% over five years, +78.7% over ten years, and +302% since Q1 1995.
- Is ZIP3 975 appreciating faster than Oregon and the U.S.?
- Over the past year the region's index +1.5% compares with +1.6% for Oregon and +3.0% for the U.S., a gap of −1.5 pts versus the nation. Over five years the gap versus the nation is −20.9 pts.
- Which ZIP codes are in 3-digit ZIP region 975?
- All ZIP codes that begin with 975. Census 2010 ZIP Code Tabulation Areas in this region run from 97501 to 97544 (24 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.