Metro area index
Home appreciation in the Harrisonburg, VA metro area
FHFA HPI® data shows the Harrisonburg, VA metro area's all-transactions index changed +4.5% over the year to Q2 2026, versus +3.8% for Virginia and +3.0% for the U.S. That ranks 131st of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +4.5%
- 5-year change
- +46.5%
- Since Q1 1995
- +247%
- Metro rank (1 year)
- 131st
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Harrisonburg, VA vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Harrisonburg, VA: 347.2
- 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 | +4.5% | +3.8% | +3.0% | +0.7 pts | +1.4 pts |
| 3 years | +15.3% | +15.9% | +12.9% | −0.6 pts | +2.5 pts |
| 5 years | +46.5% | +44.1% | +41.3% | +2.5 pts | +5.2 pts |
| 10 years | +79.8% | +83.4% | +93.3% | −3.5 pts | −13.5 pts |
| Since Q1 1995 | +247% | +304% | +292% | −56.6 pts | −44.3 pts |
3-digit ZIP regions in the Harrisonburg, 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 |
|---|---|---|---|---|---|
| 228 · Harrisonburg, VA area | VA | +4.5% | +47.3% | +251% | 73% |
Boom, bust, and recovery in Harrisonburg, VA area
Harrisonburg, VA area's index peaked in Q2 2008, fell 14.6% to its low in Q2 2012, and regained its peak in Q2 2019, about 11 years after the top. Today it sits +65.1% 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 | Q2 2008 | Q2 2012 | -14.6% | Q2 2019 (11 yrs) | +65.1% |
| 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, Harrisonburg, VA area's index has changed +56.8% 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% | +0.6% | -0.1% | -0.8% |
| 3 years | +9.8% | +5.0% | +5.6% | +2.8% |
| 5 years | +24.0% | +18.1% | +16.2% | +13.9% |
| 10 years | +39.1% | +29.3% | +31.9% | +39.0% |
| Since Q1 1995 | +121% | +56.8% | +82.4% | +76.8% |
If you bought in the Harrisonburg, 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 | +241% | $1,024,118 |
| Q2 2000 | +197% | $892,188 |
| Q2 2005 | +102% | $606,410 |
| Q2 2010 | +84.6% | $553,793 |
| Q2 2015 | +83.8% | $551,390 |
| Q2 2020 | +60.2% | $480,612 |
| Q2 2021 | +46.5% | $439,599 |
| Q2 2023 | +15.3% | $345,930 |
| Q2 2025 | +4.5% | $313,357 |
Frequently asked questions
- How much have home prices risen in the Harrisonburg, VA area?
- FHFA HPI® data for the Harrisonburg, VA metro area shows changes of +4.5% over one year, +46.5% over five years, and +79.8% over ten years to Q2 2026, and +247% since Q1 1995.
- Is the Harrisonburg, VA area beating the national average?
- Over the past year the metro's index moved +1.4 pts versus the U.S.; over five years the gap is +5.2 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.