3-digit ZIP regional index
Home appreciation in ZIP codes 976xxKlamath Falls, OR area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 976 changed +3.0% over the year to Q2 2026, compared with +1.6% for Oregon and +3.0% for the United States.
The region covers ZIP codes 97601–97641. Most of its 2010 population lived in Klamath County (89%), Lake County (11%). Communities in the region include Altamont, Lakeview, Merrill, Malin, Chiloquin. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.0%
- 5-year change
- +35.6%
- Since Q1 1995
- +328%
- National rank (1 year)
- 548th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 976 vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 976: 427.7
- Oregon: 447.6
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 976 | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.0% | +1.6% | +3.0% | +1.4 pts | −0.0 pts |
| 3 years | +10.6% | +6.0% | +12.9% | +4.6 pts | −2.3 pts |
| 5 years | +35.6% | +23.8% | +41.3% | +11.8 pts | −5.7 pts |
| 10 years | +105% | +80.0% | +93.3% | +25.3 pts | +11.9 pts |
| Since Q1 1995 | +328% | +348% | +292% | −19.9 pts | +36.1 pts |
If you bought in ZIP3 976 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 | +316% | $1,247,637 |
| Q2 2000 | +248% | $1,043,740 |
| Q2 2005 | +135% | $705,061 |
| Q2 2010 | +119% | $656,000 |
| Q2 2015 | +119% | $656,671 |
| Q2 2020 | +57.8% | $473,423 |
| Q2 2021 | +35.6% | $406,807 |
| Q2 2023 | +10.6% | $331,740 |
| Q2 2025 | +3.0% | $309,054 |
How ZIP3 976 ranks
Over the past year ZIP3 976 ranks 548th of 882 3-digit ZIP regions nationally and 3rd of 10 in Oregon. Its one-year change is −0.0 pts versus the nation and +1.4 pts versus Oregon. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Oregon |
|---|---|---|
| 1 year | 548th of 882 | 3rd of 10 |
| 3 years | 688th of 882 | 2nd of 10 |
| 5 years | 708th of 882 | 2nd of 10 |
| 10 years | 252nd of 882 | 4th of 10 |
| Since Q1 1995 | 209th of 879 | 4th of 10 |
Boom, bust, and recovery in ZIP3 976
ZIP3 976's index peaked in Q1 2008, fell 23.7% to its low in Q3 2012, and regained its peak in Q1 2018, about 10 years after the top. Today it sits +83.8% 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 976 | Q1 2008 | Q3 2012 | -23.7% | Q1 2018 (10 yrs) | +83.8% |
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 976's index has changed +93.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 976 after inflation | OR after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.8% | -2.1% | -0.8% |
| 3 years | +9.8% | +0.7% | -3.5% | +2.8% |
| 5 years | +24.0% | +9.3% | -0.1% | +13.9% |
| 10 years | +39.1% | +47.6% | +29.4% | +39.0% |
| Since Q1 1995 | +121% | +93.2% | +102% | +76.8% |
Estimate appreciation for a home in ZIP3 976
Regional estimate
$615,706
- Estimated gain
- $315,706
- Index change
- +105%
- Start index
- 208.39
- End index
- 427.69
ZIP3 976 (Klamath Falls, OR area), Q2 2016 to Q2 2026. Index type: Balance of State.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 975 · Medford, OR area | OR | +1.5% | +20.4% | +302% |
| 960 · Redding, CA area | CA | +1.7% | +21.0% | +239% |
| 977 · Bend, OR area | OR | +0.7% | +29.7% | +457% |
| 974 · Eugene, OR area | OR | +3.6% | +28.9% | +316% |
| 955 · Eureka, CA area | CA | -0.6% | +23.1% | +281% |
| 973 · Salem, OR area | OR | +0.5% | +29.7% | +322% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 427.69 |
| Q1 2026 | 425.49 |
| Q4 2025 | 422.37 |
| Q3 2025 | 421.45 |
| Q2 2025 | 415.16 |
| Q1 2025 | 418.19 |
| Q4 2024 | 410.31 |
| Q3 2024 | 412.01 |
| Q2 2024 | 416.51 |
| Q1 2024 | 396.72 |
| Q4 2023 | 395.38 |
| Q3 2023 | 399.52 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 976?
- Based on FHFA HPI® data for 3-digit ZIP region 976, the regional index changed +3.0% over the year to Q2 2026, +35.6% over five years, +105% over ten years, and +328% since Q1 1995.
- Is ZIP3 976 appreciating faster than Oregon and the U.S.?
- Over the past year the region's index +3.0% compares with +1.6% for Oregon and +3.0% for the U.S., a gap of −0.0 pts versus the nation. Over five years the gap versus the nation is −5.7 pts.
- Which ZIP codes are in 3-digit ZIP region 976?
- All ZIP codes that begin with 976. Census 2010 ZIP Code Tabulation Areas in this region run from 97601 to 97641 (22 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.