Metro area index
Home appreciation in the Winchester, VA-WV metro area
FHFA HPI® data shows the Winchester, VA-WV metro area's all-transactions index changed +6.7% over the year to Q2 2026, versus +3.8% for Virginia and +3.0% for the U.S. That ranks 47th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +6.7%
- 5-year change
- +46.0%
- Since Q1 1995
- +273%
- Metro rank (1 year)
- 47th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Winchester, VA-WV vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Winchester, VA-WV: 373.0
- 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 | +6.7% | +3.8% | +3.0% | +3.0 pts | +3.7 pts |
| 3 years | +16.5% | +15.9% | +12.9% | +0.5 pts | +3.6 pts |
| 5 years | +46.0% | +44.1% | +41.3% | +2.0 pts | +4.7 pts |
| 10 years | +90.9% | +83.4% | +93.3% | +7.5 pts | −2.4 pts |
| Since Q1 1995 | +273% | +304% | +292% | −30.8 pts | −18.5 pts |
3-digit ZIP regions in the Winchester, VA-WV 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 |
|---|---|---|---|---|---|
| 226 · Winchester, VA area | VA | +6.3% | +47.3% | +283% | 57% |
| 267 · Keyser, WV area | WV | +8.7% | +46.6% | +210% | 33% |
Boom, bust, and recovery in Winchester, VA-WV area
Winchester, VA-WV area's index peaked in Q2 2006, fell 35.6% to its low in Q2 2011, and regained its peak in Q3 2021, about 15.2 years after the top. Today it sits +45.0% 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 2006 | Q2 2011 | -35.6% | Q3 2021 (15.2 yrs) | +45.0% |
| 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, Winchester, VA-WV area's index has changed +68.5% 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% | +2.7% | -0.1% | -0.8% |
| 3 years | +9.8% | +6.1% | +5.6% | +2.8% |
| 5 years | +24.0% | +17.7% | +16.2% | +13.9% |
| 10 years | +39.1% | +37.3% | +31.9% | +39.0% |
| Since Q1 1995 | +121% | +68.5% | +82.4% | +76.8% |
If you bought in the Winchester, VA-WV 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 | +261% | $1,084,436 |
| Q2 2000 | +218% | $953,258 |
| Q2 2005 | +67.4% | $502,145 |
| Q2 2010 | +116% | $646,577 |
| Q2 2015 | +97.0% | $591,016 |
| Q2 2020 | +64.8% | $494,293 |
| Q2 2021 | +46.0% | $438,097 |
| Q2 2023 | +16.5% | $349,468 |
| Q2 2025 | +6.7% | $320,116 |
Frequently asked questions
- How much have home prices risen in the Winchester, VA-WV area?
- FHFA HPI® data for the Winchester, VA-WV metro area shows changes of +6.7% over one year, +46.0% over five years, and +90.9% over ten years to Q2 2026, and +273% since Q1 1995.
- Is the Winchester, VA-WV area beating the national average?
- Over the past year the metro's index moved +3.7 pts versus the U.S.; over five years the gap is +4.7 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.