Metro area index
Home appreciation in the Minot, ND metro area
FHFA HPI® data shows the Minot, ND metro area's all-transactions index changed +6.8% over the year to Q2 2026, versus +4.7% for North Dakota and +3.0% for the U.S. That ranks 45th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +6.8%
- 5-year change
- +33.9%
- Since Q1 1995
- +298%
- Metro rank (1 year)
- 45th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Minot, ND vs North Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Minot, ND: 397.8
- North Dakota: 392.9
- United States: 391.6
Appreciation by time window
| Window | Metro | ND | U.S. | Gap vs ND | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.8% | +4.7% | +3.0% | +2.1 pts | +3.7 pts |
| 3 years | +16.4% | +14.8% | +12.9% | +1.6 pts | +3.6 pts |
| 5 years | +33.9% | +35.5% | +41.3% | −1.6 pts | −7.4 pts |
| 10 years | +41.3% | +53.0% | +93.3% | −11.7 pts | −52.0 pts |
| Since Q1 1995 | +298% | +293% | +292% | +4.8 pts | +6.2 pts |
3-digit ZIP regions in the Minot, ND 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 |
|---|---|---|---|---|---|
| 587 · Minot, ND area | ND | +6.8% | +33.9% | +298% | 80% |
Boom, bust, and recovery in Minot, ND area
Minot, ND area's index did not fall meaningfully after its Q4 2009 high. Today it sits +93.8% 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 | Q4 2009 | — | No meaningful drop | — | +93.8% |
| ND | Q4 2009 | — | No meaningful drop | — | +114% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Minot, ND area's index has changed +79.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | ND after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.8% | +0.8% | -0.8% |
| 3 years | +9.8% | +6.0% | +4.6% | +2.8% |
| 5 years | +24.0% | +8.0% | +9.3% | +13.9% |
| 10 years | +39.1% | +1.6% | +10.0% | +39.0% |
| Since Q1 1995 | +121% | +79.7% | +77.5% | +76.8% |
If you bought in the Minot, ND 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 | +293% | $1,178,375 |
| Q2 2000 | +249% | $1,046,055 |
| Q2 2005 | +166% | $798,755 |
| Q2 2010 | +94.4% | $583,198 |
| Q2 2015 | +36.2% | $408,580 |
| Q2 2020 | +39.2% | $417,500 |
| Q2 2021 | +33.9% | $401,825 |
| Q2 2023 | +16.4% | $349,318 |
| Q2 2025 | +6.7% | $320,239 |
Frequently asked questions
- How much have home prices risen in the Minot, ND area?
- FHFA HPI® data for the Minot, ND metro area shows changes of +6.8% over one year, +33.9% over five years, and +41.3% over ten years to Q2 2026, and +298% since Q1 1995.
- Is the Minot, ND area beating the national average?
- Over the past year the metro's index moved +3.7 pts versus the U.S.; over five years the gap is −7.4 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.