3-digit ZIP regional index
Home appreciation in ZIP codes 587xxMinot, ND area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 587 changed +6.8% 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 58701–58795. Most of its 2010 population lived in Ward County (71%), Mountrail County (9%), McHenry County (6%). Communities in the region include Minot AFB, New Town, Stanley, Kenmare, Velva. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.8%
- 5-year change
- +33.9%
- Since Q1 1995
- +298%
- National rank (1 year)
- 87th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 587 vs North Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 587: 397.8
- North Dakota: 392.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 587 | ND | U.S. | Gap vs ND | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.8% | +4.7% | +3.0% | +2.1 pts | +3.7 pts |
| 3 years | +16.4% | +14.8% | +12.9% | +1.6 pts | +3.6 pts |
| 5 years | +33.9% | +35.5% | +41.3% | −1.6 pts | −7.4 pts |
| 10 years | +41.3% | +53.0% | +93.3% | −11.7 pts | −52.0 pts |
| Since Q1 1995 | +298% | +293% | +292% | +4.8 pts | +6.2 pts |
If you bought in ZIP3 587 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 | +293% | $1,178,375 |
| Q2 2000 | +249% | $1,046,055 |
| Q2 2005 | +166% | $798,755 |
| Q2 2010 | +94.4% | $583,198 |
| Q2 2015 | +36.2% | $408,580 |
| Q2 2020 | +39.2% | $417,500 |
| Q2 2021 | +33.9% | $401,825 |
| Q2 2023 | +16.4% | $349,318 |
| Q2 2025 | +6.7% | $320,239 |
How ZIP3 587 ranks
Over the past year ZIP3 587 ranks 87th of 882 3-digit ZIP regions nationally and 1st of 9 in North Dakota. Its one-year change is +3.7 pts versus the nation and +2.1 pts versus North Dakota. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in North Dakota |
|---|---|---|
| 1 year | 87th of 882 | 1st of 9 |
| 3 years | 375th of 882 | 6th of 9 |
| 5 years | 738th of 882 | 9th of 9 |
| 10 years | 866th of 882 | 9th of 9 |
| Since Q1 1995 | 316th of 879 | 6th of 9 |
Boom, bust, and recovery in ZIP3 587
ZIP3 587's index did not fall meaningfully after its Q4 2009 high. Today it sits +93.8% 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 587 | Q4 2009 | — | No meaningful drop | — | +93.8% |
| ND | Q4 2009 | — | No meaningful drop | — | +114% |
| Metro | Q4 2009 | — | No meaningful drop | — | +93.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 587's index has changed +79.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 587 after inflation | ND after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.8% | +0.8% | +2.8% | -0.8% |
| 3 years | +9.8% | +6.0% | +4.6% | +6.0% | +2.8% |
| 5 years | +24.0% | +8.0% | +9.3% | +8.0% | +13.9% |
| 10 years | +39.1% | +1.6% | +10.0% | +1.6% | +39.0% |
| Since Q1 1995 | +121% | +79.7% | +77.5% | +79.7% | +76.8% |
Estimate appreciation for a home in ZIP3 587
Regional estimate
$424,027
- Estimated gain
- $124,027
- Index change
- +41.34%
- Start index
- 281.43
- End index
- 397.78
ZIP3 587 (Minot, ND area), Q2 2016 to Q2 2026. Index type: MSA/MSAD Index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 583 · Devils Lake, ND area | ND | +4.6% | +38.8% | +344% |
| 588 · Williston, ND area | ND | +4.6% | +38.8% | +344% |
| 585 · Bismarck, ND area | ND | +6.4% | +35.2% | +319% |
| 586 · Dickinson, ND area | ND | +4.6% | +38.8% | +344% |
| 584 · Jamestown, ND area | ND | +4.6% | +38.8% | +344% |
| 592 · Sidney, MT area | MT | +2.8% | +53.0% | +421% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 397.78 |
| Q1 2026 | 371.72 |
| Q4 2025 | 380.77 |
| Q3 2025 | 383.60 |
| Q2 2025 | 372.64 |
| Q1 2025 | 386.09 |
| Q4 2024 | 360.03 |
| Q3 2024 | 358.11 |
| Q2 2024 | 362.10 |
| Q1 2024 | 352.37 |
| Q4 2023 | 349.94 |
| Q3 2023 | 344.69 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 587?
- Based on FHFA HPI® data for 3-digit ZIP region 587, the regional index changed +6.8% over the year to Q2 2026, +33.9% over five years, +41.3% over ten years, and +298% since Q1 1995.
- Is ZIP3 587 appreciating faster than North Dakota and the U.S.?
- Over the past year the region's index +6.8% compares with +4.7% for North Dakota and +3.0% for the U.S., a gap of +3.7 pts versus the nation. Over five years the gap versus the nation is −7.4 pts.
- Which ZIP codes are in 3-digit ZIP region 587?
- All ZIP codes that begin with 587. Census 2010 ZIP Code Tabulation Areas in this region run from 58701 to 58795 (64 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.