3-digit ZIP regional index
Home appreciation in ZIP codes 980xxBellevue, WA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 980 changed +0.1% over the year to Q2 2026, compared with +1.1% for Washington and +3.0% for the United States.
The region covers ZIP codes 98001–98092. Most of its 2010 population lived in King County (81%), Snohomish County (18%). Communities in the region include Kent, Renton, Federal Way, Auburn, Redmond. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +0.1%
- 5-year change
- +31.0%
- Since Q1 1995
- +439%
- National rank (1 year)
- 818th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 980 vs Washington and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 980: 538.5
- Washington: 486.5
- Seattle-Bellevue-Kent, WA metro: 554.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 980 | WA | U.S. | Gap vs WA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.1% | +1.1% | +3.0% | −1.0 pts | −3.0 pts |
| 3 years | +9.2% | +8.2% | +12.9% | +1.0 pts | −3.6 pts |
| 5 years | +31.0% | +29.7% | +41.3% | +1.3 pts | −10.3 pts |
| 10 years | +104% | +105% | +93.3% | −1.0 pts | +10.6 pts |
| Since Q1 1995 | +439% | +387% | +292% | +52.0 pts | +147.0 pts |
If you bought in ZIP3 980 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 | +434% | $1,603,056 |
| Q2 2000 | +291% | $1,172,480 |
| Q2 2005 | +172% | $816,847 |
| Q2 2010 | +168% | $803,282 |
| Q2 2015 | +128% | $683,690 |
| Q2 2020 | +52.0% | $456,141 |
| Q2 2021 | +31.0% | $393,071 |
| Q2 2023 | +9.2% | $327,640 |
| Q2 2025 | +0.1% | $300,162 |
How ZIP3 980 ranks
Over the past year ZIP3 980 ranks 818th of 882 3-digit ZIP regions nationally and 13th of 14 in Washington. Its one-year change is −3.0 pts versus the nation and −1.0 pts versus Washington. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Washington |
|---|---|---|
| 1 year | 818th of 882 | 13th of 14 |
| 3 years | 740th of 882 | 5th of 14 |
| 5 years | 784th of 882 | 9th of 14 |
| 10 years | 267th of 882 | 11th of 14 |
| Since Q1 1995 | 49th of 879 | 2nd of 14 |
Boom, bust, and recovery in ZIP3 980
ZIP3 980's index peaked in Q4 2007, fell 28.5% to its low in Q2 2012, and regained its peak in Q2 2016, about 8.5 years after the top. Today it sits +111% 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 980 | Q4 2007 | Q2 2012 | -28.5% | Q2 2016 (8.5 yrs) | +111% |
| WA | Q4 2007 | Q2 2012 | -25.2% | Q2 2016 (8.5 yrs) | +106% |
| Metro | Q4 2007 | Q2 2012 | -25.2% | Q3 2015 (7.8 yrs) | +104% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 980's index has changed +143% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 980 after inflation | WA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -3.7% | -2.7% | -3.4% | -0.8% |
| 3 years | +9.8% | -0.5% | -1.4% | -2.4% | +2.8% |
| 5 years | +24.0% | +5.6% | +4.6% | +0.5% | +13.9% |
| 10 years | +39.1% | +46.6% | +47.3% | +34.0% | +39.0% |
| Since Q1 1995 | +121% | +143% | +120% | +151% | +76.8% |
Estimate appreciation for a home in ZIP3 980
Regional estimate
$611,700
- Estimated gain
- $311,700
- Index change
- +104%
- Start index
- 264.11
- End index
- 538.52
ZIP3 980 (Bellevue, WA 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 |
|---|---|---|---|---|
| 981 · Seattle, WA area | WA | +0.3% | +20.2% | +493% |
| 983 · Bremerton, WA area | WA | +0.3% | +29.4% | +347% |
| 984 · Tacoma, WA area | WA | +3.1% | +27.9% | +422% |
| 982 · Everett, WA area | WA | +0.8% | +33.6% | +377% |
| 985 · Olympia, WA area | WA | +2.3% | +32.9% | +323% |
| 989 · Yakima, WA area | WA | +1.5% | +32.7% | +267% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 538.52 |
| Q1 2026 | 541.08 |
| Q4 2025 | 538.46 |
| Q3 2025 | 535.87 |
| Q2 2025 | 538.23 |
| Q1 2025 | 536.33 |
| Q4 2024 | 530.12 |
| Q3 2024 | 530.72 |
| Q2 2024 | 529.03 |
| Q1 2024 | 519.44 |
| Q4 2023 | 497.97 |
| Q3 2023 | 498.11 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 980?
- Based on FHFA HPI® data for 3-digit ZIP region 980, the regional index changed +0.1% over the year to Q2 2026, +31.0% over five years, +104% over ten years, and +439% since Q1 1995.
- Is ZIP3 980 appreciating faster than Washington and the U.S.?
- Over the past year the region's index +0.1% compares with +1.1% for Washington and +3.0% for the U.S., a gap of −3.0 pts versus the nation. Over five years the gap versus the nation is −10.3 pts.
- Which ZIP codes are in 3-digit ZIP region 980?
- All ZIP codes that begin with 980. Census 2010 ZIP Code Tabulation Areas in this region run from 98001 to 98092 (54 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.