3-digit ZIP regional index
Home appreciation in ZIP codes 588xxWilliston, ND area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 588 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 58801–58856. Most of its 2010 population lived in Williams County (83%), McKenzie County (15%). Communities in the region include Watford City, Tioga, Ray, Grenora, Alexander. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.6%
- 5-year change
- +38.8%
- Since Q1 1995
- +344%
- National rank (1 year)
- 315th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 588 vs North Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 588: 444.5
- 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 588 | 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 | +19.1% | +14.8% | +12.9% | +4.2 pts | +6.2 pts |
| 5 years | +38.8% | +35.5% | +41.3% | +3.3 pts | −2.5 pts |
| 10 years | +56.3% | +53.0% | +93.3% | +3.2 pts | −37.1 pts |
| Since Q1 1995 | +344% | +293% | +292% | +51.5 pts | +52.9 pts |
If you bought in ZIP3 588 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 | +325% | $1,275,165 |
| Q2 2000 | +283% | $1,149,220 |
| Q2 2005 | +194% | $881,963 |
| Q2 2010 | +128% | $684,342 |
| Q2 2015 | +57.2% | $471,730 |
| Q2 2020 | +43.6% | $430,781 |
| Q2 2021 | +38.8% | $416,479 |
| Q2 2023 | +19.1% | $357,203 |
| Q2 2025 | +4.6% | $313,736 |
How ZIP3 588 ranks
Over the past year ZIP3 588 ranks 315th of 882 3-digit ZIP regions nationally and 8th 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 | 315th of 882 | 8th of 9 |
| 3 years | 237th of 882 | 4th of 9 |
| 5 years | 636th of 882 | 4th of 9 |
| 10 years | 836th of 882 | 6th of 9 |
| Since Q1 1995 | 188th of 879 | 4th of 9 |
Boom, bust, and recovery in ZIP3 588
ZIP3 588's index did not fall meaningfully after its Q4 2009 high. Today it sits +126% 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 588 | Q4 2009 | — | No meaningful drop | — | +126% |
| ND | Q4 2009 | — | No meaningful drop | — | +114% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 588's index has changed +101% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 588 after inflation | ND after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.7% | +0.8% | -0.8% |
| 3 years | +9.8% | +8.4% | +4.6% | +2.8% |
| 5 years | +24.0% | +11.9% | +9.3% | +13.9% |
| 10 years | +39.1% | +12.3% | +10.0% | +39.0% |
| Since Q1 1995 | +121% | +101% | +77.5% | +76.8% |
Estimate appreciation for a home in ZIP3 588
Regional estimate
$468,762
- Estimated gain
- $168,762
- Index change
- +56.25%
- Start index
- 284.46
- End index
- 444.48
ZIP3 588 (Williston, ND area), Q2 2016 to Q2 2026. Index type: Balance of State.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 592 · Sidney, MT area | MT | +2.8% | +53.0% | +421% |
| 587 · Minot, ND area | ND | +6.8% | +33.9% | +298% |
| 586 · Dickinson, ND area | ND | +4.6% | +38.8% | +344% |
| 593 · Miles City, MT area | MT | +2.8% | +53.0% | +421% |
| 585 · Bismarck, ND area | ND | +6.4% | +35.2% | +319% |
| 583 · Devils Lake, ND area | ND | +4.6% | +38.8% | +344% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 444.48 |
| Q1 2026 | 430.31 |
| Q4 2025 | 434.63 |
| Q3 2025 | 438.69 |
| Q2 2025 | 425.02 |
| Q1 2025 | 410.09 |
| Q4 2024 | 398.29 |
| Q3 2024 | 403.32 |
| Q2 2024 | 395.21 |
| Q1 2024 | 384.73 |
| Q4 2023 | 380.44 |
| Q3 2023 | 382.37 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 588?
- Based on FHFA HPI® data for 3-digit ZIP region 588, the regional index changed +4.6% over the year to Q2 2026, +38.8% over five years, +56.3% over ten years, and +344% since Q1 1995.
- Is ZIP3 588 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 −2.5 pts.
- Which ZIP codes are in 3-digit ZIP region 588?
- All ZIP codes that begin with 588. Census 2010 ZIP Code Tabulation Areas in this region run from 58801 to 58856 (15 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.