3-digit ZIP regional index
Home appreciation in ZIP codes 992xxSpokane, WA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 992 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 99201–99224. Most of its 2010 population lived in Spokane County (100%). Communities in the region include Spokane Valley, Fairwood, Country Homes, Town and Country, Millwood. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- -0.1%
- 5-year change
- +28.5%
- Since Q1 1995
- +327%
- National rank (1 year)
- 822nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 992 vs Washington and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 992: 426.5
- Washington: 486.5
- Spokane-Spokane Valley, WA 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 992 | WA | U.S. | Gap vs WA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -0.1% | +1.1% | +3.0% | −1.2 pts | −3.2 pts |
| 3 years | +5.1% | +8.2% | +12.9% | −3.1 pts | −7.8 pts |
| 5 years | +28.5% | +29.7% | +41.3% | −1.3 pts | −12.8 pts |
| 10 years | +131% | +105% | +93.3% | +25.9 pts | +37.4 pts |
| Since Q1 1995 | +327% | +387% | +292% | −60.0 pts | +35.0 pts |
If you bought in ZIP3 992 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 | +317% | $1,250,088 |
| Q2 2000 | +294% | $1,182,725 |
| Q2 2005 | +185% | $855,455 |
| Q2 2010 | +148% | $742,566 |
| Q2 2015 | +148% | $742,695 |
| Q2 2020 | +57.1% | $471,287 |
| Q2 2021 | +28.5% | $385,465 |
| Q2 2023 | +5.1% | $315,302 |
| Q2 2025 | -0.1% | $299,572 |
How ZIP3 992 ranks
Over the past year ZIP3 992 ranks 822nd of 882 3-digit ZIP regions nationally and 14th of 14 in Washington. Its one-year change is −3.2 pts versus the nation and −1.2 pts versus Washington. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Washington |
|---|---|---|
| 1 year | 822nd of 882 | 14th of 14 |
| 3 years | 822nd of 882 | 14th of 14 |
| 5 years | 808th of 882 | 12th of 14 |
| 10 years | 36th of 882 | 1st of 14 |
| Since Q1 1995 | 213th of 879 | 7th of 14 |
Boom, bust, and recovery in ZIP3 992
ZIP3 992's index peaked in Q4 2007, fell 19.9% to its low in Q2 2012, and regained its peak in Q2 2017, about 9.5 years after the top. Today it sits +118% 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 992 | Q4 2007 | Q2 2012 | -19.9% | Q2 2017 (9.5 yrs) | +118% |
| WA | Q4 2007 | Q2 2012 | -25.2% | Q2 2016 (8.5 yrs) | +106% |
| Metro | Q4 2007 | Q2 2012 | -19.6% | Q2 2017 (9.5 yrs) | +114% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 992's index has changed +92.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 992 after inflation | WA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -3.9% | -2.7% | -3.8% | -0.8% |
| 3 years | +9.8% | -4.3% | -1.4% | -3.6% | +2.8% |
| 5 years | +24.0% | +3.6% | +4.6% | +4.1% | +13.9% |
| 10 years | +39.1% | +65.9% | +47.3% | +63.1% | +39.0% |
| Since Q1 1995 | +121% | +92.6% | +120% | +90.2% | +76.8% |
Estimate appreciation for a home in ZIP3 992
Regional estimate
$692,119
- Estimated gain
- $392,119
- Index change
- +131%
- Start index
- 184.88
- End index
- 426.53
ZIP3 992 (Spokane, 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 |
|---|---|---|---|---|
| 990 · Spokane Valley, WA area | WA | +1.0% | +28.8% | +310% |
| 991 · Pullman, WA area | WA | +0.7% | +37.3% | +290% |
| 838 · Coeur d'Alene, ID area | ID | +3.4% | +37.2% | +409% |
| 994 · Clarkston, WA area | WA | +4.7% | +40.3% | +323% |
| 835 · Lewiston, ID area | ID | +4.7% | +40.3% | +323% |
| 988 · Wenatchee, WA area | WA | +0.7% | +36.0% | +322% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 426.53 |
| Q1 2026 | 421.33 |
| Q4 2025 | 424.92 |
| Q3 2025 | 425.90 |
| Q2 2025 | 427.14 |
| Q1 2025 | 421.70 |
| Q4 2024 | 415.17 |
| Q3 2024 | 418.02 |
| Q2 2024 | 417.76 |
| Q1 2024 | 400.56 |
| Q4 2023 | 398.65 |
| Q3 2023 | 409.39 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 992?
- Based on FHFA HPI® data for 3-digit ZIP region 992, the regional index changed -0.1% over the year to Q2 2026, +28.5% over five years, +131% over ten years, and +327% since Q1 1995.
- Is ZIP3 992 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 −3.2 pts versus the nation. Over five years the gap versus the nation is −12.8 pts.
- Which ZIP codes are in 3-digit ZIP region 992?
- All ZIP codes that begin with 992. Census 2010 ZIP Code Tabulation Areas in this region run from 99201 to 99224 (14 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.