Metro area index
Home appreciation in the Duluth, MN-WI metro area
FHFA HPI® data shows the Duluth, MN-WI metro area's all-transactions index changed +4.0% over the year to Q2 2026, versus +3.0% for Minnesota and +3.0% for the U.S. That ranks 158th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +4.0%
- 5-year change
- +48.8%
- Since Q1 1995
- +353%
- Metro rank (1 year)
- 158th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Duluth, MN-WI vs Minnesota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Duluth, MN-WI: 453.1
- Minnesota: 375.3
- United States: 391.6
Appreciation by time window
| Window | Metro | MN | U.S. | Gap vs MN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.0% | +3.0% | +3.0% | +1.0 pts | +1.0 pts |
| 3 years | +19.3% | +10.3% | +12.9% | +8.9 pts | +6.4 pts |
| 5 years | +48.8% | +31.2% | +41.3% | +17.6 pts | +7.5 pts |
| 10 years | +95.1% | +76.2% | +93.3% | +18.9 pts | +1.8 pts |
| Since Q1 1995 | +353% | +275% | +292% | +77.9 pts | +61.6 pts |
3-digit ZIP regions in the Duluth, MN-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 |
|---|---|---|---|---|---|
| 558 · Duluth, MN area | MN | +2.3% | +42.0% | +348% | 100% |
| 557 · Hibbing, MN area | MN | +5.5% | +53.7% | +337% | 70% |
| 548 · Superior, WI area | WI | +5.3% | +58.6% | +369% | 25% |
Boom, bust, and recovery in Duluth, MN-WI area
Duluth, MN-WI area's index peaked in Q2 2007, fell 9.4% to its low in Q2 2012, and regained its peak in Q4 2016, about 9.5 years after the top. Today it sits +93.7% 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 | Q2 2007 | Q2 2012 | -9.4% | Q4 2016 (9.5 yrs) | +93.7% |
| MN | Q1 2007 | Q2 2012 | -21.8% | Q3 2017 (10.5 yrs) | +65.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Duluth, MN-WI area's index has changed +105% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | MN after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.1% | -0.9% | -0.8% |
| 3 years | +9.8% | +8.6% | +0.5% | +2.8% |
| 5 years | +24.0% | +19.9% | +5.8% | +13.9% |
| 10 years | +39.1% | +40.3% | +26.7% | +39.0% |
| Since Q1 1995 | +121% | +105% | +69.5% | +76.8% |
If you bought in the Duluth, MN-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 | +340% | $1,319,342 |
| Q2 2000 | +225% | $975,355 |
| Q2 2005 | +108% | $624,088 |
| Q2 2010 | +108% | $623,401 |
| Q2 2015 | +101% | $602,273 |
| Q2 2020 | +66.9% | $500,829 |
| Q2 2021 | +48.7% | $446,248 |
| Q2 2023 | +19.3% | $357,759 |
| Q2 2025 | +4.0% | $312,008 |
Frequently asked questions
- How much have home prices risen in the Duluth, MN-WI area?
- FHFA HPI® data for the Duluth, MN-WI metro area shows changes of +4.0% over one year, +48.8% over five years, and +95.1% over ten years to Q2 2026, and +353% since Q1 1995.
- Is the Duluth, MN-WI area beating the national average?
- Over the past year the metro's index moved +1.0 pts versus the U.S.; over five years the gap is +7.5 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.