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Home appreciation in Virginia
Virginia's FHFA HPI® all-transactions index changed +3.8% over the year to Q2 2026, versus +3.0% nationally, ranking 21st of 51 states and D.C. Below, compare its 28 3-digit ZIP regions and 11 metro areas.
- 1-year change
- +3.8%
- 5-year change
- +44.1%
- Since Q1 1995
- +304%
- State rank (1 year)
- 21st
U.S. +3.0%
23rd of 51
U.S. +292%
of 51 states and D.C.
Virginia vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Virginia: 403.8
- United States: 391.6
Virginia appreciation by time window
| Window | VA | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +3.8% | +3.0% | +0.7 pts |
| 3 years | +15.9% | +12.9% | +3.1 pts |
| 5 years | +44.1% | +41.3% | +2.8 pts |
| 10 years | +83.4% | +93.3% | −9.9 pts |
| Since Q1 1995 | +304% | +292% | +12.2 pts |
3-digit ZIP regions in Virginia
Fastest-appreciating ZIP codes in Virginia →Sorted by one-year change. 19 of 28 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 244 · Staunton, VA area | +6.3% | +54.0% | +90.8% | +270% |
| 2 | 226 · Winchester, VA area | +6.3% | +47.3% | +94.6% | +283% |
| 3 | 239 · Farmville, VA area | +6.0% | +53.3% | +89.0% | +245% |
| 4 | 243 · Pulaski, VA area | +6.0% | +53.3% | +89.0% | +245% |
| 5 | 246 · Richlands, VA area | +6.0% | +53.3% | +89.0% | +245% |
| 6 | 224 · Fredericksburg, VA area | +5.7% | +46.5% | +89.2% | +285% |
| 7 | 225 · Tappahannock, VA area | +5.3% | +45.1% | +84.7% | +270% |
| 8 | 245 · Lynchburg, VA area | +5.2% | +52.8% | +91.3% | +235% |
| 9 | 240 · Roanoke, VA area | +4.9% | +50.0% | +94.3% | +252% |
| 10 | 229 · Charlottesville, VA area | +4.6% | +48.6% | +87.5% | +312% |
| 11 | 228 · Harrisonburg, VA area | +4.5% | +47.3% | +82.9% | +251% |
| 12 | 230 · Ashland, VA area | +4.3% | +49.1% | +91.3% | +277% |
| 13 | 234 · Virginia Beach, VA area | +4.1% | +44.4% | +79.4% | +321% |
| 14 | 233 · Chesapeake, VA area | +3.9% | +44.6% | +79.5% | +291% |
| 15 | 221 · Vienna, VA area | +3.8% | +33.5% | +66.1% | +325% |
| 16 | 237 · Portsmouth, VA area | +3.6% | +43.4% | +78.2% | +289% |
| 17 | 238 · Petersburg, VA area | +3.3% | +49.7% | +99.3% | +251% |
| 18 | 232 · Richmond, VA area | +3.2% | +47.1% | +107% | +347% |
| 19 | 231 · Williamsburg, VA area | +3.1% | +47.2% | +90.1% | +255% |
| 20 | 242 · Bristol, VA area | +3.0% | +60.3% | +109% | +293% |
| 21 | 223 · Alexandria, VA area | +2.7% | +26.2% | +56.5% | +340% |
| 22 | 241 · Salem, VA area | +2.4% | +50.4% | +88.3% | +240% |
| 23 | 236 · Newport News, VA area | +2.2% | +41.0% | +73.7% | +245% |
| 24 | 235 · Norfolk, VA area | +1.9% | +38.8% | +73.7% | +308% |
| 25 | 201 · Leesburg, VA area | +1.6% | +36.1% | +73.9% | +297% |
| 26 | 220 · Fairfax, VA area | +1.5% | +30.6% | +58.0% | +325% |
| 27 | 227 · Culpeper, VA area | +1.0% | +39.8% | +78.2% | +264% |
| 28 | 222 · Arlington, VA area | -2.5% | +16.8% | +40.2% | +386% |
Metro areas in Virginia
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Staunton-Stuarts Draft, VA | +7.5% | +57.6% | +280% |
| Winchester, VA-WV | +6.7% | +46.0% | +273% |
| Blacksburg-Christiansburg-Radford, VA | +5.7% | +45.6% | +263% |
| Lynchburg, VA | +4.7% | +51.2% | +246% |
| Harrisonburg, VA | +4.5% | +46.5% | +247% |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | +3.6% | +43.4% | +289% |
| Richmond, VA | +3.4% | +47.7% | +299% |
| Roanoke, VA | +3.3% | +51.2% | +245% |
| Charlottesville, VA | +3.0% | +46.9% | +321% |
| Kingsport-Bristol, TN-VA | +3.0% | +60.3% | +293% |
| Arlington-Alexandria-Reston, VA-WV (division) | +2.6% | +33.9% | +320% |
Boom, bust, and recovery in Virginia
Virginia's index peaked in Q2 2007, fell 17.4% to its low in Q2 2012, and regained its peak in Q2 2019, about 12 years after the top. Today it sits +66.9% 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 |
|---|---|---|---|---|---|
| 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, Virginia's index has changed +82.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | VA after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | -0.1% | -0.8% |
| 3 years | +9.8% | +5.6% | +2.8% |
| 5 years | +24.0% | +16.2% | +13.9% |
| 10 years | +39.1% | +31.9% | +39.0% |
| Since Q1 1995 | +121% | +82.4% | +76.8% |
If you bought in Virginia in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +299% | $1,196,766 |
| Q2 2000 | +234% | $1,002,092 |
| Q2 2005 | +92.4% | $577,312 |
| Q2 2010 | +95.3% | $585,829 |
| Q2 2015 | +87.6% | $562,819 |
| Q2 2020 | +59.4% | $478,179 |
| Q2 2021 | +44.1% | $432,249 |
| Q2 2023 | +16.0% | $347,863 |
| Q2 2025 | +3.8% | $311,264 |
Frequently asked questions
- How much have home prices gone up in Virginia?
- FHFA HPI® data for Virginia shows the all-transactions index changed +3.8% over the year to Q2 2026, +44.1% over five years, +83.4% over ten years, and +304% since Q1 1995.
- Is Virginia appreciating faster than the national average?
- Over the past year Virginia's index moved +0.7 pts versus the U.S. (+3.0%), ranking 21st of 51 states and D.C. Over five years the gap is +2.8 pts.
- Which ZIP codes in Virginia are appreciating fastest?
- Over the past year the strongest of 28 3-digit ZIP regions in Virginia was ZIP3 244 (Staunton, VA area) at +6.3%, and the weakest was ZIP3 222 (Arlington, VA area) at -2.5%. 19 of 28 beat the national one-year change.