3-digit ZIP regional index
Home appreciation in ZIP codes 540xxRiver Falls, WI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 540 changed +6.0% over the year to Q2 2026, compared with +5.6% for Wisconsin and +3.0% for the United States.
The region covers ZIP codes 54001–54082. Most of its 2010 population lived in St. Croix County (57%), Pierce County (22%), Polk County (20%). Communities in the region include Hudson, New Richmond, Prescott, Baldwin, North Hudson. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.0%
- 5-year change
- +42.9%
- Since Q1 1995
- +305%
- National rank (1 year)
- 148th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 540 vs Wisconsin and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 540: 405.1
- Wisconsin: 363.5
- Minneapolis-St. Paul-Bloomington, MN-WI metro: 367.7
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 540 | WI | U.S. | Gap vs WI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.0% | +5.6% | +3.0% | +0.4 pts | +3.0 pts |
| 3 years | +15.0% | +20.9% | +12.9% | −5.9 pts | +2.1 pts |
| 5 years | +42.9% | +54.0% | +41.3% | −11.1 pts | +1.6 pts |
| 10 years | +99.3% | +106% | +93.3% | −6.4 pts | +6.0 pts |
| Since Q1 1995 | +305% | +264% | +292% | +41.6 pts | +13.6 pts |
If you bought in ZIP3 540 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +299% | $1,198,314 |
| Q2 2000 | +166% | $798,823 |
| Q2 2005 | +88.2% | $564,561 |
| Q2 2010 | +121% | $663,281 |
| Q2 2015 | +109% | $627,753 |
| Q2 2020 | +60.3% | $480,767 |
| Q2 2021 | +42.9% | $428,552 |
| Q2 2023 | +15.0% | $344,931 |
| Q2 2025 | +6.0% | $317,991 |
How ZIP3 540 ranks
Over the past year ZIP3 540 ranks 148th of 882 3-digit ZIP regions nationally and 6th of 18 in Wisconsin. Its one-year change is +3.0 pts versus the nation and +0.4 pts versus Wisconsin. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Wisconsin |
|---|---|---|
| 1 year | 148th of 882 | 6th of 18 |
| 3 years | 459th of 882 | 17th of 18 |
| 5 years | 497th of 882 | 18th of 18 |
| 10 years | 333rd of 882 | 17th of 18 |
| Since Q1 1995 | 294th of 879 | 6th of 18 |
Boom, bust, and recovery in ZIP3 540
ZIP3 540's index peaked in Q1 2006, fell 24.7% to its low in Q2 2012, and regained its peak in Q1 2018, about 12 years after the top. Today it sits +81.5% 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 |
|---|---|---|---|---|---|
| ZIP3 540 | Q1 2006 | Q2 2012 | -24.7% | Q1 2018 (12 yrs) | +81.5% |
| WI | Q1 2008 | Q1 2014 | -11.9% | Q2 2017 (9.2 yrs) | +97.4% |
| Metro | Q1 2007 | Q2 2012 | -26.2% | Q1 2018 (11 yrs) | +57.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 540's index has changed +83.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 540 after inflation | WI after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.0% | +1.7% | -1.2% | -0.8% |
| 3 years | +9.8% | +4.7% | +10.1% | -1.1% | +2.8% |
| 5 years | +24.0% | +15.2% | +24.1% | +2.7% | +13.9% |
| 10 years | +39.1% | +43.3% | +47.9% | +24.1% | +39.0% |
| Since Q1 1995 | +121% | +83.0% | +64.2% | +66.1% | +76.8% |
Estimate appreciation for a home in ZIP3 540
Regional estimate
$597,919
- Estimated gain
- $297,919
- Index change
- +99.31%
- Start index
- 203.26
- End index
- 405.11
ZIP3 540 (River Falls, WI area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 550 · Lakeville, MN area | MN | +1.8% | +29.3% | +251% |
| 551 · St. Paul, MN area | MN | +2.7% | +25.5% | +260% |
| 554 · Minneapolis, MN area | MN | +2.1% | +23.7% | +296% |
| 547 · Eau Claire, WI area | WI | +3.1% | +48.6% | +319% |
| 553 · Maple Grove, MN area | MN | +2.8% | +30.1% | +254% |
| 559 · Rochester, MN area | MN | +3.1% | +35.4% | +258% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 405.11 |
| Q1 2026 | 388.48 |
| Q4 2025 | 390.32 |
| Q3 2025 | 388.24 |
| Q2 2025 | 382.19 |
| Q1 2025 | 377.99 |
| Q4 2024 | 376.10 |
| Q3 2024 | 370.93 |
| Q2 2024 | 365.89 |
| Q1 2024 | 354.33 |
| Q4 2023 | 354.49 |
| Q3 2023 | 354.49 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 540?
- Based on FHFA HPI® data for 3-digit ZIP region 540, the regional index changed +6.0% over the year to Q2 2026, +42.9% over five years, +99.3% over ten years, and +305% since Q1 1995.
- Is ZIP3 540 appreciating faster than Wisconsin and the U.S.?
- Over the past year the region's index +6.0% compares with +5.6% for Wisconsin and +3.0% for the U.S., a gap of +3.0 pts versus the nation. Over five years the gap versus the nation is +1.6 pts.
- Which ZIP codes are in 3-digit ZIP region 540?
- All ZIP codes that begin with 540. Census 2010 ZIP Code Tabulation Areas in this region run from 54001 to 54082 (25 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.