Metro area index
Home appreciation in the Minneapolis-St. Paul-Bloomington, MN-WI metro area
FHFA HPI® data shows the Minneapolis-St. Paul-Bloomington, MN-WI metro area's all-transactions index changed +2.6% over the year to Q2 2026, versus +3.0% for Minnesota and +3.0% for the U.S. That ranks 250th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.6%
- 5-year change
- +27.3%
- Since Q1 1995
- +268%
- Metro rank (1 year)
- 250th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Minneapolis-St. Paul-Bloomington, MN-WI vs Minnesota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Minneapolis-St. Paul-Bloomington, MN-WI: 367.7
- 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 | +2.6% | +3.0% | +3.0% | −0.4 pts | −0.4 pts |
| 3 years | +8.6% | +10.3% | +12.9% | −1.7 pts | −4.2 pts |
| 5 years | +27.3% | +31.2% | +41.3% | −3.9 pts | −13.9 pts |
| 10 years | +72.6% | +76.2% | +93.3% | −3.5 pts | −20.7 pts |
| Since Q1 1995 | +268% | +275% | +292% | −7.6 pts | −23.9 pts |
3-digit ZIP regions in the Minneapolis-St. Paul-Bloomington, 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 |
|---|---|---|---|---|---|
| 551 · St. Paul, MN area | MN | +2.7% | +25.5% | +260% | 100% |
| 554 · Minneapolis, MN area | MN | +2.1% | +23.7% | +296% | 100% |
| 553 · Maple Grove, MN area | MN | +2.8% | +30.1% | +254% | 91% |
| 540 · River Falls, WI area | WI | +6.0% | +42.9% | +305% | 80% |
| 550 · Lakeville, MN area | MN | +1.8% | +29.3% | +251% | 75% |
| 560 · Mankato, MN area | MN | +3.0% | +35.4% | +249% | 16% |
Boom, bust, and recovery in Minneapolis-St. Paul-Bloomington, MN-WI area
Minneapolis-St. Paul-Bloomington, MN-WI area's index peaked in Q1 2007, fell 26.2% to its low in Q2 2012, and regained its peak in Q1 2018, about 11 years after the top. Today it sits +57.8% 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 2007 | Q2 2012 | -26.2% | Q1 2018 (11 yrs) | +57.8% |
| 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, Minneapolis-St. Paul-Bloomington, MN-WI area's index has changed +66.1% 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% | -1.2% | -0.9% | -0.8% |
| 3 years | +9.8% | -1.1% | +0.5% | +2.8% |
| 5 years | +24.0% | +2.7% | +5.8% | +13.9% |
| 10 years | +39.1% | +24.1% | +26.7% | +39.0% |
| Since Q1 1995 | +121% | +66.1% | +69.5% | +76.8% |
If you bought in the Minneapolis-St. Paul-Bloomington, 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 | +262% | $1,084,572 |
| Q2 2000 | +156% | $768,541 |
| Q2 2005 | +64.0% | $492,020 |
| Q2 2010 | +98.7% | $596,125 |
| Q2 2015 | +81.5% | $544,374 |
| Q2 2020 | +41.6% | $424,708 |
| Q2 2021 | +27.3% | $382,008 |
| Q2 2023 | +8.6% | $325,881 |
| Q2 2025 | +2.6% | $307,802 |
Frequently asked questions
- How much have home prices risen in the Minneapolis-St. Paul-Bloomington, MN-WI area?
- FHFA HPI® data for the Minneapolis-St. Paul-Bloomington, MN-WI metro area shows changes of +2.6% over one year, +27.3% over five years, and +72.6% over ten years to Q2 2026, and +268% since Q1 1995.
- Is the Minneapolis-St. Paul-Bloomington, MN-WI area beating the national average?
- Over the past year the metro's index moved −0.4 pts versus the U.S.; over five years the gap is −13.9 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.