3-digit ZIP regional index
Home appreciation in ZIP codes 566xxBemidji, MN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 566 changed -1.5% over the year to Q2 2026, compared with +3.0% for Minnesota and +3.0% for the United States.
The region covers ZIP codes 56601–56688. Most of its 2010 population lived in Beltrami County (48%), Koochiching County (14%), Itasca County (10%). Communities in the region include International Falls, Red Lake, Bagley, Redby, Little Rock. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- -1.5%
- 5-year change
- +39.4%
- Since Q1 1995
- +258%
- National rank (1 year)
- 866th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 566 vs Minnesota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 566: 357.7
- Minnesota: 375.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 566 | MN | U.S. | Gap vs MN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -1.5% | +3.0% | +3.0% | −4.5 pts | −4.6 pts |
| 3 years | +14.4% | +10.3% | +12.9% | +4.0 pts | +1.5 pts |
| 5 years | +39.4% | +31.2% | +41.3% | +8.2 pts | −1.9 pts |
| 10 years | +79.6% | +76.2% | +93.3% | +3.4 pts | −13.7 pts |
| Since Q1 1995 | +258% | +275% | +292% | −17.6 pts | −33.8 pts |
If you bought in ZIP3 566 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 | +273% | $1,119,827 |
| Q2 2000 | +197% | $891,378 |
| Q2 2005 | +97.2% | $591,452 |
| Q2 2010 | +89.8% | $569,511 |
| Q2 2015 | +81.6% | $544,708 |
| Q2 2020 | +56.1% | $468,391 |
| Q2 2021 | +39.4% | $418,211 |
| Q2 2023 | +14.4% | $343,072 |
| Q2 2025 | -1.5% | $295,368 |
How ZIP3 566 ranks
Over the past year ZIP3 566 ranks 866th of 882 3-digit ZIP regions nationally and 16th of 16 in Minnesota. Its one-year change is −4.6 pts versus the nation and −4.5 pts versus Minnesota. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Minnesota |
|---|---|---|
| 1 year | 866th of 882 | 16th of 16 |
| 3 years | 504th of 882 | 9th of 16 |
| 5 years | 604th of 882 | 10th of 16 |
| 10 years | 605th of 882 | 10th of 16 |
| Since Q1 1995 | 450th of 879 | 12th of 16 |
Boom, bust, and recovery in ZIP3 566
ZIP3 566's index peaked in Q1 2008, fell 7.3% to its low in Q3 2011, and regained its peak in Q3 2016, about 8.5 years after the top. Today it sits +76.5% 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 566 | Q1 2008 | Q3 2011 | -7.3% | Q3 2016 (8.5 yrs) | +76.5% |
| 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, ZIP3 566's index has changed +61.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 566 after inflation | MN after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -5.2% | -0.9% | -0.8% |
| 3 years | +9.8% | +4.1% | +0.5% | +2.8% |
| 5 years | +24.0% | +12.4% | +5.8% | +13.9% |
| 10 years | +39.1% | +29.1% | +26.7% | +39.0% |
| Since Q1 1995 | +121% | +61.6% | +69.5% | +76.8% |
Estimate appreciation for a home in ZIP3 566
Regional estimate
$538,801
- Estimated gain
- $238,801
- Index change
- +79.60%
- Start index
- 199.17
- End index
- 357.71
ZIP3 566 (Bemidji, 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 |
|---|---|---|---|---|
| 564 · Brainerd, MN area | MN | +4.5% | +52.9% | +376% |
| 557 · Hibbing, MN area | MN | +5.5% | +53.7% | +337% |
| 567 · East Grand Forks, MN area | MN | +3.8% | +42.5% | +286% |
| 565 · Moorhead, MN area | MN | +6.9% | +42.2% | +313% |
| 581 · Fargo, ND area | ND | +4.6% | +35.1% | +255% |
| 558 · Duluth, MN area | MN | +2.3% | +42.0% | +348% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 357.71 |
| Q1 2026 | 357.00 |
| Q4 2025 | 346.17 |
| Q3 2025 | 355.71 |
| Q2 2025 | 363.32 |
| Q1 2025 | 346.49 |
| Q4 2024 | 335.37 |
| Q3 2024 | 336.55 |
| Q2 2024 | 340.22 |
| Q1 2024 | 320.65 |
| Q4 2023 | 312.22 |
| Q3 2023 | 320.59 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 566?
- Based on FHFA HPI® data for 3-digit ZIP region 566, the regional index changed -1.5% over the year to Q2 2026, +39.4% over five years, +79.6% over ten years, and +258% since Q1 1995.
- Is ZIP3 566 appreciating faster than Minnesota and the U.S.?
- Over the past year the region's index -1.5% compares with +3.0% for Minnesota and +3.0% for the U.S., a gap of −4.6 pts versus the nation. Over five years the gap versus the nation is −1.9 pts.
- Which ZIP codes are in 3-digit ZIP region 566?
- All ZIP codes that begin with 566. Census 2010 ZIP Code Tabulation Areas in this region run from 56601 to 56688 (49 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.