3-digit ZIP regional index
Home appreciation in ZIP codes 557xxHibbing, MN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 557 changed +5.5% over the year to Q2 2026, compared with +3.0% for Minnesota and +3.0% for the United States.
The region covers ZIP codes 55702–55798. Most of its 2010 population lived in St. Louis County (49%), Itasca County (22%), Carlton County (21%). Communities in the region include Cloquet, Grand Rapids, Virginia, Chisholm, Eveleth. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +5.5%
- 5-year change
- +53.7%
- Since Q1 1995
- +337%
- National rank (1 year)
- 209th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 557 vs Minnesota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 557: 437.5
- Minnesota: 375.3
- Duluth, MN-WI metro: 453.1
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 557 | MN | U.S. | Gap vs MN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.5% | +3.0% | +3.0% | +2.5 pts | +2.5 pts |
| 3 years | +21.0% | +10.3% | +12.9% | +10.6 pts | +8.1 pts |
| 5 years | +53.7% | +31.2% | +41.3% | +22.5 pts | +12.4 pts |
| 10 years | +97.9% | +76.2% | +93.3% | +21.7 pts | +4.6 pts |
| Since Q1 1995 | +337% | +275% | +292% | +62.2 pts | +45.9 pts |
If you bought in ZIP3 557 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 | +321% | $1,263,541 |
| Q2 2000 | +219% | $957,077 |
| Q2 2005 | +110% | $630,284 |
| Q2 2010 | +106% | $616,516 |
| Q2 2015 | +99.3% | $597,895 |
| Q2 2020 | +70.9% | $512,692 |
| Q2 2021 | +53.7% | $461,007 |
| Q2 2023 | +21.0% | $362,883 |
| Q2 2025 | +5.5% | $316,495 |
How ZIP3 557 ranks
Over the past year ZIP3 557 ranks 209th of 882 3-digit ZIP regions nationally and 2nd of 16 in Minnesota. Its one-year change is +2.5 pts versus the nation and +2.5 pts versus Minnesota. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Minnesota |
|---|---|---|
| 1 year | 209th of 882 | 2nd of 16 |
| 3 years | 171st of 882 | 1st of 16 |
| 5 years | 143rd of 882 | 1st of 16 |
| 10 years | 345th of 882 | 2nd of 16 |
| Since Q1 1995 | 198th of 879 | 3rd of 16 |
Boom, bust, and recovery in ZIP3 557
ZIP3 557's index peaked in Q1 2007, fell 11.7% to its low in Q1 2014, and regained its peak in Q2 2018, about 11.2 years after the top. Today it sits +86.6% 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 557 | Q1 2007 | Q1 2014 | -11.7% | Q2 2018 (11.2 yrs) | +86.6% |
| MN | Q1 2007 | Q2 2012 | -21.8% | Q3 2017 (10.5 yrs) | +65.5% |
| Metro | Q2 2007 | Q2 2012 | -9.4% | Q4 2016 (9.5 yrs) | +93.7% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 557's index has changed +97.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 557 after inflation | MN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.6% | -0.9% | +0.1% | -0.8% |
| 3 years | +9.8% | +10.2% | +0.5% | +8.6% | +2.8% |
| 5 years | +24.0% | +23.9% | +5.8% | +19.9% | +13.9% |
| 10 years | +39.1% | +42.3% | +26.7% | +40.3% | +39.0% |
| Since Q1 1995 | +121% | +97.6% | +69.5% | +105% | +76.8% |
Estimate appreciation for a home in ZIP3 557
Regional estimate
$593,703
- Estimated gain
- $293,703
- Index change
- +97.90%
- Start index
- 221.06
- End index
- 437.48
ZIP3 557 (Hibbing, MN 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 |
|---|---|---|---|---|
| 558 · Duluth, MN area | MN | +2.3% | +42.0% | +348% |
| 556 · Two Harbors, MN area | MN | +3.8% | +42.5% | +286% |
| 566 · Bemidji, MN area | MN | -1.5% | +39.4% | +258% |
| 564 · Brainerd, MN area | MN | +4.5% | +52.9% | +376% |
| 548 · Superior, WI area | WI | +5.3% | +58.6% | +369% |
| 563 · St. Cloud, MN area | MN | +4.4% | +40.0% | +287% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 437.48 |
| Q1 2026 | 422.54 |
| Q4 2025 | 414.14 |
| Q3 2025 | 420.47 |
| Q2 2025 | 414.68 |
| Q1 2025 | 399.71 |
| Q4 2024 | 385.13 |
| Q3 2024 | 388.24 |
| Q2 2024 | 387.02 |
| Q1 2024 | 371.83 |
| Q4 2023 | 369.61 |
| Q3 2023 | 370.98 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 557?
- Based on FHFA HPI® data for 3-digit ZIP region 557, the regional index changed +5.5% over the year to Q2 2026, +53.7% over five years, +97.9% over ten years, and +337% since Q1 1995.
- Is ZIP3 557 appreciating faster than Minnesota and the U.S.?
- Over the past year the region's index +5.5% compares with +3.0% for Minnesota and +3.0% for the U.S., a gap of +2.5 pts versus the nation. Over five years the gap versus the nation is +12.4 pts.
- Which ZIP codes are in 3-digit ZIP region 557?
- All ZIP codes that begin with 557. Census 2010 ZIP Code Tabulation Areas in this region run from 55702 to 55798 (69 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.