Metro area index
Home appreciation in the Charlottesville, VA metro area
FHFA HPI® data shows the Charlottesville, VA metro area's all-transactions index changed +3.0% over the year to Q2 2026, versus +3.8% for Virginia and +3.0% for the U.S. That ranks 223rd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.0%
- 5-year change
- +46.9%
- Since Q1 1995
- +321%
- Metro rank (1 year)
- 223rd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Charlottesville, VA vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Charlottesville, VA: 421.3
- Virginia: 403.8
- United States: 391.6
Appreciation by time window
| Window | Metro | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.0% | +3.8% | +3.0% | −0.7 pts | +0.0 pts |
| 3 years | +16.4% | +15.9% | +12.9% | +0.5 pts | +3.6 pts |
| 5 years | +46.9% | +44.1% | +41.3% | +2.9 pts | +5.6 pts |
| 10 years | +86.2% | +83.4% | +93.3% | +2.8 pts | −7.1 pts |
| Since Q1 1995 | +321% | +304% | +292% | +17.6 pts | +29.8 pts |
3-digit ZIP regions in the Charlottesville, VA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 229 · Charlottesville, VA area | VA | +4.6% | +48.6% | +312% | 76% |
Boom, bust, and recovery in Charlottesville, VA area
Charlottesville, VA area's index peaked in Q4 2007, fell 16.8% to its low in Q2 2012, and regained its peak in Q2 2018, about 10.5 years after the top. Today it sits +71.4% 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 |
|---|---|---|---|---|---|
| Metro | Q4 2007 | Q2 2012 | -16.8% | Q2 2018 (10.5 yrs) | +71.4% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Charlottesville, VA area's index has changed +90.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | VA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.8% | -0.1% | -0.8% |
| 3 years | +9.8% | +6.0% | +5.6% | +2.8% |
| 5 years | +24.0% | +18.5% | +16.2% | +13.9% |
| 10 years | +39.1% | +33.9% | +31.9% | +39.0% |
| Since Q1 1995 | +121% | +90.3% | +82.4% | +76.8% |
If you bought in the Charlottesville, VA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +322% | $1,265,129 |
| Q2 2000 | +242% | $1,025,134 |
| Q2 2005 | +104% | $611,539 |
| Q2 2010 | +97.2% | $591,728 |
| Q2 2015 | +92.2% | $576,638 |
| Q2 2020 | +60.1% | $480,349 |
| Q2 2021 | +46.9% | $440,814 |
| Q2 2023 | +16.4% | $349,294 |
| Q2 2025 | +3.0% | $309,150 |
Frequently asked questions
- How much have home prices risen in the Charlottesville, VA area?
- FHFA HPI® data for the Charlottesville, VA metro area shows changes of +3.0% over one year, +46.9% over five years, and +86.2% over ten years to Q2 2026, and +321% since Q1 1995.
- Is the Charlottesville, VA area beating the national average?
- Over the past year the metro's index moved +0.0 pts versus the U.S.; over five years the gap is +5.6 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.