3-digit ZIP regional index
Home appreciation in ZIP codes 581xxFargo, ND area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 581 changed +4.6% over the year to Q2 2026, compared with +4.7% for North Dakota and +3.0% for the United States.
The region covers ZIP codes 58102–58105. Most of its 2010 population lived in Cass County (100%). Communities in the region include Reile's Acres, Frontier, Briarwood, Prairie Rose, North River. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.6%
- 5-year change
- +35.1%
- Since Q1 1995
- +255%
- National rank (1 year)
- 309th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 581 vs North Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 581: 354.8
- North Dakota: 392.9
- 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 581 | ND | U.S. | Gap vs ND | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.6% | +4.7% | +3.0% | −0.1 pts | +1.6 pts |
| 3 years | +14.1% | +14.8% | +12.9% | −0.7 pts | +1.3 pts |
| 5 years | +35.1% | +35.5% | +41.3% | −0.5 pts | −6.2 pts |
| 10 years | +57.9% | +53.0% | +93.3% | +4.9 pts | −35.4 pts |
| Since Q1 1995 | +255% | +293% | +292% | −38.1 pts | −36.8 pts |
If you bought in ZIP3 581 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 | +248% | $1,044,861 |
| Q2 2000 | +200% | $900,889 |
| Q2 2005 | +123% | $670,488 |
| Q2 2010 | +111% | $631,841 |
| Q2 2015 | +65.5% | $496,594 |
| Q2 2020 | +45.1% | $435,426 |
| Q2 2021 | +35.1% | $405,223 |
| Q2 2023 | +14.1% | $342,383 |
| Q2 2025 | +4.6% | $313,788 |
How ZIP3 581 ranks
Over the past year ZIP3 581 ranks 309th of 882 3-digit ZIP regions nationally and 4th of 9 in North Dakota. Its one-year change is +1.6 pts versus the nation and −0.1 pts versus North Dakota. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in North Dakota |
|---|---|---|
| 1 year | 309th of 882 | 4th of 9 |
| 3 years | 518th of 882 | 7th of 9 |
| 5 years | 724th of 882 | 8th of 9 |
| 10 years | 825th of 882 | 2nd of 9 |
| Since Q1 1995 | 471st of 879 | 8th of 9 |
Boom, bust, and recovery in ZIP3 581
ZIP3 581's index peaked in Q1 2009, fell 1.7% to its low in Q1 2010, and regained its peak in Q4 2010, about 1.8 years after the top. Today it sits +107% 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 581 | Q1 2009 | Q1 2010 | -1.7% | Q4 2010 (1.8 yrs) | +107% |
| ND | Q4 2009 | — | No meaningful drop | — | +114% |
| 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 581's index has changed +60.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 581 after inflation | ND after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.7% | +0.8% | +0.4% | -0.8% |
| 3 years | +9.8% | +3.9% | +4.6% | +3.9% | +2.8% |
| 5 years | +24.0% | +8.9% | +9.3% | +9.4% | +13.9% |
| 10 years | +39.1% | +13.6% | +10.0% | +14.2% | +39.0% |
| Since Q1 1995 | +121% | +60.3% | +77.5% | +65.0% | +76.8% |
Estimate appreciation for a home in ZIP3 581
Regional estimate
$473,825
- Estimated gain
- $173,825
- Index change
- +57.94%
- Start index
- 224.64
- End index
- 354.80
ZIP3 581 (Fargo, ND 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 |
|---|---|---|---|---|
| 580 · West Fargo, ND area | ND | +2.0% | +35.6% | +270% |
| 565 · Moorhead, MN area | MN | +6.9% | +42.2% | +313% |
| 582 · Grand Forks, ND area | ND | +5.6% | +35.4% | +254% |
| 584 · Jamestown, ND area | ND | +4.6% | +38.8% | +344% |
| 567 · East Grand Forks, MN area | MN | +3.8% | +42.5% | +286% |
| 564 · Brainerd, MN area | MN | +4.5% | +52.9% | +376% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 354.80 |
| Q1 2026 | 340.30 |
| Q4 2025 | 336.89 |
| Q3 2025 | 340.65 |
| Q2 2025 | 339.21 |
| Q1 2025 | 331.56 |
| Q4 2024 | 327.09 |
| Q3 2024 | 330.08 |
| Q2 2024 | 322.89 |
| Q1 2024 | 309.22 |
| Q4 2023 | 315.22 |
| Q3 2023 | 319.29 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 581?
- Based on FHFA HPI® data for 3-digit ZIP region 581, the regional index changed +4.6% over the year to Q2 2026, +35.1% over five years, +57.9% over ten years, and +255% since Q1 1995.
- Is ZIP3 581 appreciating faster than North Dakota and the U.S.?
- Over the past year the region's index +4.6% compares with +4.7% for North Dakota and +3.0% for the U.S., a gap of +1.6 pts versus the nation. Over five years the gap versus the nation is −6.2 pts.
- Which ZIP codes are in 3-digit ZIP region 581?
- All ZIP codes that begin with 581. Census 2010 ZIP Code Tabulation Areas in this region run from 58102 to 58105 (4 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.