Metro area index
Home appreciation in the Appleton, WI metro area
FHFA HPI® data shows the Appleton, WI metro area's all-transactions index changed +5.1% over the year to Q2 2026, versus +5.6% for Wisconsin and +3.0% for the U.S. That ranks 100th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +5.1%
- 5-year change
- +56.8%
- Since Q1 1995
- +242%
- Metro rank (1 year)
- 100th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Appleton, WI vs Wisconsin and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Appleton, WI: 342.1
- Wisconsin: 363.5
- United States: 391.6
Appreciation by time window
| Window | Metro | WI | U.S. | Gap vs WI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.1% | +5.6% | +3.0% | −0.5 pts | +2.0 pts |
| 3 years | +21.1% | +20.9% | +12.9% | +0.2 pts | +8.2 pts |
| 5 years | +56.8% | +54.0% | +41.3% | +2.8 pts | +15.5 pts |
| 10 years | +114% | +106% | +93.3% | +8.6 pts | +21.0 pts |
| Since Q1 1995 | +242% | +264% | +292% | −21.5 pts | −49.5 pts |
3-digit ZIP regions in the Appleton, WI area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 541 · De Pere, WI area | WI | +3.8% | +59.8% | +270% | 29% |
| 549 · Appleton, WI area | WI | +5.3% | +58.7% | +240% | 29% |
Boom, bust, and recovery in Appleton, WI area
Appleton, WI area's index peaked in Q1 2008, fell 8.1% to its low in Q2 2011, and regained its peak in Q3 2016, about 8.5 years after the top. Today it sits +114% 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 |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q2 2011 | -8.1% | Q3 2016 (8.5 yrs) | +114% |
| WI | Q1 2008 | Q1 2014 | -11.9% | Q2 2017 (9.2 yrs) | +97.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Appleton, WI area's index has changed +54.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | WI after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +1.2% | +1.7% | -0.8% |
| 3 years | +9.8% | +10.3% | +10.1% | +2.8% |
| 5 years | +24.0% | +26.4% | +24.1% | +13.9% |
| 10 years | +39.1% | +54.1% | +47.9% | +39.0% |
| Since Q1 1995 | +121% | +54.5% | +64.2% | +76.8% |
If you bought in the Appleton, WI area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +237% | $1,011,912 |
| Q2 2000 | +179% | $837,288 |
| Q2 2005 | +125% | $674,852 |
| Q2 2010 | +126% | $679,499 |
| Q2 2015 | +120% | $659,075 |
| Q2 2020 | +75.2% | $525,599 |
| Q2 2021 | +56.8% | $470,380 |
| Q2 2023 | +21.1% | $363,314 |
| Q2 2025 | +5.1% | $315,224 |
Frequently asked questions
- How much have home prices risen in the Appleton, WI area?
- FHFA HPI® data for the Appleton, WI metro area shows changes of +5.1% over one year, +56.8% over five years, and +114% over ten years to Q2 2026, and +242% since Q1 1995.
- Is the Appleton, WI area beating the national average?
- Over the past year the metro's index moved +2.0 pts versus the U.S.; over five years the gap is +15.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.