3-digit ZIP regional index
Home appreciation in ZIP codes 223xxAlexandria, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 223 changed +2.7% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 22301–22315. Most of its 2010 population lived in Fairfax County (57%), Alexandria city (43%). Communities in the region include Lincolnia, Woodlawn, Rose Hill, Franconia, Fort Hunt. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.7%
- 5-year change
- +26.2%
- Since Q1 1995
- +340%
- National rank (1 year)
- 593rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 223 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 223: 440.2
- Virginia: 403.8
- Arlington-Alexandria-Reston, VA-WV metro: 420.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 223 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.7% | +3.8% | +3.0% | −1.0 pts | −0.3 pts |
| 3 years | +14.6% | +15.9% | +12.9% | −1.3 pts | +1.7 pts |
| 5 years | +26.2% | +44.1% | +41.3% | −17.9 pts | −15.1 pts |
| 10 years | +56.5% | +83.4% | +93.3% | −26.9 pts | −36.9 pts |
| Since Q1 1995 | +340% | +304% | +292% | +36.4 pts | +48.7 pts |
If you bought in ZIP3 223 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 | +338% | $1,315,238 |
| Q2 2000 | +270% | $1,111,454 |
| Q2 2005 | +72.3% | $516,860 |
| Q2 2010 | +85.1% | $555,166 |
| Q2 2015 | +59.7% | $479,149 |
| Q2 2020 | +37.6% | $412,658 |
| Q2 2021 | +26.2% | $378,567 |
| Q2 2023 | +14.6% | $343,807 |
| Q2 2025 | +2.7% | $308,148 |
How ZIP3 223 ranks
Over the past year ZIP3 223 ranks 593rd of 882 3-digit ZIP regions nationally and 21st of 28 in Virginia. Its one-year change is −0.3 pts versus the nation and −1.0 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 593rd of 882 | 21st of 28 |
| 3 years | 482nd of 882 | 20th of 28 |
| 5 years | 824th of 882 | 27th of 28 |
| 10 years | 832nd of 882 | 27th of 28 |
| Since Q1 1995 | 193rd of 879 | 3rd of 28 |
Boom, bust, and recovery in ZIP3 223
ZIP3 223's index peaked in Q2 2006, fell 17.6% to its low in Q3 2009, and regained its peak in Q2 2017, about 11 years after the top. Today it sits +54.5% 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 223 | Q2 2006 | Q3 2009 | -17.6% | Q2 2017 (11 yrs) | +54.5% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q2 2006 | Q3 2009 | -25.6% | Q2 2020 (14 yrs) | +48.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 223's index has changed +98.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 223 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.1% | -0.1% | -1.2% | -0.8% |
| 3 years | +9.8% | +4.4% | +5.6% | +3.4% | +2.8% |
| 5 years | +24.0% | +1.7% | +16.2% | +8.0% | +13.9% |
| 10 years | +39.1% | +12.5% | +31.9% | +20.3% | +39.0% |
| Since Q1 1995 | +121% | +98.8% | +82.4% | +89.9% | +76.8% |
Estimate appreciation for a home in ZIP3 223
Regional estimate
$469,340
- Estimated gain
- $169,340
- Index change
- +56.45%
- Start index
- 281.38
- End index
- 440.21
ZIP3 223 (Alexandria, VA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 222 · Arlington, VA area | VA | -2.5% | +16.8% | +386% |
| 220 · Fairfax, VA area | VA | +1.5% | +30.6% | +325% |
| 221 · Vienna, VA area | VA | +3.8% | +33.5% | +325% |
| 200 · Washington, DC area | DC | -0.6% | +4.2% | +464% |
| 207 · Bowie, MD area | MD | -0.1% | +25.1% | +231% |
| 209 · Takoma Park, MD area | MD | -0.7% | +23.1% | +272% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 440.21 |
| Q1 2026 | 431.47 |
| Q4 2025 | 423.20 |
| Q3 2025 | 413.27 |
| Q2 2025 | 428.57 |
| Q1 2025 | 421.80 |
| Q4 2024 | 413.84 |
| Q3 2024 | 411.64 |
| Q2 2024 | 413.59 |
| Q1 2024 | 404.02 |
| Q4 2023 | 390.92 |
| Q3 2023 | 393.94 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 223?
- Based on FHFA HPI® data for 3-digit ZIP region 223, the regional index changed +2.7% over the year to Q2 2026, +26.2% over five years, +56.5% over ten years, and +340% since Q1 1995.
- Is ZIP3 223 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +2.7% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of −0.3 pts versus the nation. Over five years the gap versus the nation is −15.1 pts.
- Which ZIP codes are in 3-digit ZIP region 223?
- All ZIP codes that begin with 223. Census 2010 ZIP Code Tabulation Areas in this region run from 22301 to 22315 (14 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.