Housing Value Appreciation by 3-Digit ZIP Code: 2015Q3-2016Q3

.. tools, data and methods to examine housing value appreciation from 2015Q3 to 2016Q3 by 3-digit ZIP code based on the Housing Price Index (HPI).  How is the housing value changing in areas of interest?  How does housing value appreciation compare among a set of ZIP codes? Which ZIP code areas have the highest and lowest housing value appreciation in a state, region custom defined areas of interest? The HPI is calculated in part using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages. The U.S. all transactions HPI rose 5.6 percent from the 3rd quarter of 2015 to the 3rd quarter of 2016. Rank, compare, evaluate quarterly or annual housing value change for the approximate 900 3-digit ZIP code areas using the interactive table.

3-Digit ZIP Codes with Highest Housing Value Appreciation
Derived from the interactive table below this table shows the ten 3-digit ZIP codes having the highest housing value appreciation over the year 2015Q3-2016Q3. The areas are ranked on percent HPI change (rightmost column).

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Patterns of Housing Value Change by 3-Digit ZIP Code
The following graphic shows housing value appreciation 2015Q3-2016Q3 by 3-digit ZIP code based on the HPI. Use related GIS tools to zoom-in, assign labels, show in context with other geography.

– view developed using CVGIS and related GIS project.
– Click graphic for larger view and details;

Examining Housing Appreciation by 3-Digit ZIP Code
Use the interactive table below to view/rank/compare the non-seasonally adjusted “all transactions” HPI for the most recent 5 quarters for all 3-digit ZIP codes. The ranking table shows the latest quarterly HPI data and preceding quarters for one year earlier. This table will be updated on February 24, 2017, with 4th quarter 2016 data and related prior quarterly estimates and re-computed quarterly change values (last column).

Using the Interactive Table
The following graphic illustrates use of the HPI by 3-digit ZIP code interactive table. HPI data are shown for the quarterly period 2015Q3 through 2016Q3. The state selection below the table has been used to select only California ZIP codes. The Group1 button below the table has been used to select ZIP codes with a 2016Q3 HPI value of 175 ore more. The table is then sorted on the rightmost column. The resulting view shows that among all California 3-digit ZIPs having an HPI of 175 or more in 2016Q3, ZIP code 948/Richmond CA had the highest housing value appreciation — a 10.6% increase over the year.

Use the interactive table to examine states or ZIP code groups of interest.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

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