3-digit ZIP regional index
Home appreciation in ZIP codes 565xxMoorhead, MN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 565 changed +6.9% over the year to Q2 2026, compared with +3.0% for Minnesota and +3.0% for the United States.
The region covers ZIP codes 56501–56594. Most of its 2010 population lived in Clay County (35%), Otter Tail County (30%), Becker County (18%). Communities in the region include Fergus Falls, Detroit Lakes, Dilworth, Breckenridge, Perham. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.9%
- 5-year change
- +42.2%
- Since Q1 1995
- +313%
- National rank (1 year)
- 79th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 565 vs Minnesota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 565: 412.5
- Minnesota: 375.3
- Fargo, ND-MN metro: 365.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 565 | MN | U.S. | Gap vs MN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.9% | +3.0% | +3.0% | +3.9 pts | +3.9 pts |
| 3 years | +16.0% | +10.3% | +12.9% | +5.7 pts | +3.1 pts |
| 5 years | +42.2% | +31.2% | +41.3% | +11.0 pts | +0.9 pts |
| 10 years | +76.0% | +76.2% | +93.3% | −0.2 pts | −17.4 pts |
| Since Q1 1995 | +313% | +275% | +292% | +37.3 pts | +21.0 pts |
If you bought in ZIP3 565 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 | +307% | $1,221,678 |
| Q2 2000 | +226% | $976,995 |
| Q2 2005 | +122% | $665,856 |
| Q2 2010 | +109% | $628,426 |
| Q2 2015 | +86.7% | $560,058 |
| Q2 2020 | +54.7% | $464,097 |
| Q2 2021 | +42.2% | $426,510 |
| Q2 2023 | +16.0% | $347,962 |
| Q2 2025 | +6.9% | $320,636 |
How ZIP3 565 ranks
Over the past year ZIP3 565 ranks 79th of 882 3-digit ZIP regions nationally and 1st of 16 in Minnesota. Its one-year change is +3.9 pts versus the nation and +3.9 pts versus Minnesota. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Minnesota |
|---|---|---|
| 1 year | 79th of 882 | 1st of 16 |
| 3 years | 410th of 882 | 4th of 16 |
| 5 years | 524th of 882 | 7th of 16 |
| 10 years | 655th of 882 | 12th of 16 |
| Since Q1 1995 | 267th of 879 | 4th of 16 |
Boom, bust, and recovery in ZIP3 565
ZIP3 565's index peaked in Q2 2009, fell 7.2% to its low in Q2 2011, and regained its peak in Q1 2014, about 4.8 years after the top. Today it sits +98.0% 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 565 | Q2 2009 | Q2 2011 | -7.2% | Q1 2014 (4.8 yrs) | +98.0% |
| MN | Q1 2007 | Q2 2012 | -21.8% | Q3 2017 (10.5 yrs) | +65.5% |
| Metro | Q2 2009 | Q2 2010 | -1.5% | Q4 2010 (1.5 yrs) | +105% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 565's index has changed +86.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 565 after inflation | MN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.9% | -0.9% | +0.4% | -0.8% |
| 3 years | +9.8% | +5.6% | +0.5% | +3.9% | +2.8% |
| 5 years | +24.0% | +14.6% | +5.8% | +9.4% | +13.9% |
| 10 years | +39.1% | +26.5% | +26.7% | +14.2% | +39.0% |
| Since Q1 1995 | +121% | +86.3% | +69.5% | +65.0% | +76.8% |
Estimate appreciation for a home in ZIP3 565
Regional estimate
$527,879
- Estimated gain
- $227,879
- Index change
- +75.96%
- Start index
- 234.44
- End index
- 412.52
ZIP3 565 (Moorhead, 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 |
|---|---|---|---|---|
| 581 · Fargo, ND area | ND | +4.6% | +35.1% | +255% |
| 580 · West Fargo, ND area | ND | +2.0% | +35.6% | +270% |
| 564 · Brainerd, MN area | MN | +4.5% | +52.9% | +376% |
| 567 · East Grand Forks, MN area | MN | +3.8% | +42.5% | +286% |
| 566 · Bemidji, MN area | MN | -1.5% | +39.4% | +258% |
| 582 · Grand Forks, ND area | ND | +5.6% | +35.4% | +254% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 412.52 |
| Q1 2026 | 406.50 |
| Q4 2025 | 395.99 |
| Q3 2025 | 395.19 |
| Q2 2025 | 385.97 |
| Q1 2025 | 389.54 |
| Q4 2024 | 385.23 |
| Q3 2024 | 386.00 |
| Q2 2024 | 374.46 |
| Q1 2024 | 357.61 |
| Q4 2023 | 359.06 |
| Q3 2023 | 350.98 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 565?
- Based on FHFA HPI® data for 3-digit ZIP region 565, the regional index changed +6.9% over the year to Q2 2026, +42.2% over five years, +76.0% over ten years, and +313% since Q1 1995.
- Is ZIP3 565 appreciating faster than Minnesota and the U.S.?
- Over the past year the region's index +6.9% compares with +3.0% for Minnesota and +3.0% for the U.S., a gap of +3.9 pts versus the nation. Over five years the gap versus the nation is +0.9 pts.
- Which ZIP codes are in 3-digit ZIP region 565?
- All ZIP codes that begin with 565. Census 2010 ZIP Code Tabulation Areas in this region run from 56501 to 56594 (71 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.