3-digit ZIP regional index
Home appreciation in ZIP codes 978xxHermiston, OR area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 978 changed +3.1% over the year to Q2 2026, compared with +1.6% for Oregon and +3.0% for the United States.
The region covers ZIP codes 97801–97886. Most of its 2010 population lived in Umatilla County (52%), Union County (18%), Baker County (11%). Communities in the region include Pendleton, La Grande, Baker City, Milton-Freewater, Umatilla. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.1%
- 5-year change
- +43.1%
- Since Q1 1995
- +321%
- National rank (1 year)
- 522nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 978 vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 978: 421.0
- 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 978 | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.1% | +1.6% | +3.0% | +1.5 pts | +0.1 pts |
| 3 years | +12.5% | +6.0% | +12.9% | +6.5 pts | −0.3 pts |
| 5 years | +43.1% | +23.8% | +41.3% | +19.3 pts | +1.8 pts |
| 10 years | +111% | +80.0% | +93.3% | +31.3 pts | +18.0 pts |
| Since Q1 1995 | +321% | +348% | +292% | −26.6 pts | +29.4 pts |
If you bought in ZIP3 978 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 | +313% | $1,238,721 |
| Q2 2000 | +235% | $1,006,134 |
| Q2 2005 | +176% | $829,121 |
| Q2 2010 | +129% | $688,021 |
| Q2 2015 | +120% | $659,564 |
| Q2 2020 | +63.8% | $491,516 |
| Q2 2021 | +43.1% | $429,373 |
| Q2 2023 | +12.5% | $337,547 |
| Q2 2025 | +3.1% | $309,415 |
How ZIP3 978 ranks
Over the past year ZIP3 978 ranks 522nd of 882 3-digit ZIP regions nationally and 2nd of 10 in Oregon. Its one-year change is +0.1 pts versus the nation and +1.5 pts versus Oregon. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Oregon |
|---|---|---|
| 1 year | 522nd of 882 | 2nd of 10 |
| 3 years | 616th of 882 | 1st of 10 |
| 5 years | 491st of 882 | 1st of 10 |
| 10 years | 171st of 882 | 2nd of 10 |
| Since Q1 1995 | 247th of 879 | 8th of 10 |
Boom, bust, and recovery in ZIP3 978
ZIP3 978's index peaked in Q1 2009, fell 9.9% to its low in Q2 2011, and regained its peak in Q1 2016, about 7 years after the top. Today it sits +116% 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 978 | Q1 2009 | Q2 2011 | -9.9% | Q1 2016 (7 yrs) | +116% |
| 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 978's index has changed +90.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 978 after inflation | OR after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.7% | -2.1% | -0.8% |
| 3 years | +9.8% | +2.5% | -3.5% | +2.8% |
| 5 years | +24.0% | +15.4% | -0.1% | +13.9% |
| 10 years | +39.1% | +51.9% | +29.4% | +39.0% |
| Since Q1 1995 | +121% | +90.2% | +102% | +76.8% |
Estimate appreciation for a home in ZIP3 978
Regional estimate
$633,909
- Estimated gain
- $333,909
- Index change
- +111%
- Start index
- 199.24
- End index
- 421.00
ZIP3 978 (Hermiston, 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 |
|---|---|---|---|---|
| 993 · Kennewick, WA area | WA | +2.0% | +33.4% | +293% |
| 994 · Clarkston, WA area | WA | +4.7% | +40.3% | +323% |
| 835 · Lewiston, ID area | ID | +4.7% | +40.3% | +323% |
| 989 · Yakima, WA area | WA | +1.5% | +32.7% | +267% |
| 979 · Ontario, OR area | OR | +3.0% | +35.6% | +328% |
| 977 · Bend, OR area | OR | +0.7% | +29.7% | +457% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 421.00 |
| Q1 2026 | 415.85 |
| Q4 2025 | 403.30 |
| Q3 2025 | 419.94 |
| Q2 2025 | 408.19 |
| Q1 2025 | 404.81 |
| Q4 2024 | 391.07 |
| Q3 2024 | 395.12 |
| Q2 2024 | 399.86 |
| Q1 2024 | 386.26 |
| Q4 2023 | 377.13 |
| Q3 2023 | 380.78 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 978?
- Based on FHFA HPI® data for 3-digit ZIP region 978, the regional index changed +3.1% over the year to Q2 2026, +43.1% over five years, +111% over ten years, and +321% since Q1 1995.
- Is ZIP3 978 appreciating faster than Oregon and the U.S.?
- Over the past year the region's index +3.1% compares with +1.6% for Oregon and +3.0% for the U.S., a gap of +0.1 pts versus the nation. Over five years the gap versus the nation is +1.8 pts.
- Which ZIP codes are in 3-digit ZIP region 978?
- All ZIP codes that begin with 978. Census 2010 ZIP Code Tabulation Areas in this region run from 97801 to 97886 (53 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.