3-digit ZIP regional index
Home appreciation in ZIP codes 224xxFredericksburg, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 224 changed +5.7% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 22401–22488. Most of its 2010 population lived in Spotsylvania County (38%), Stafford County (24%), Fredericksburg city (11%). Communities in the region include King George, Falmouth, Colonial Beach, Southern Gateway, Dahlgren. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +5.7%
- 5-year change
- +46.5%
- Since Q1 1995
- +285%
- National rank (1 year)
- 169th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 224 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 224: 384.6
- 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 224 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.7% | +3.8% | +3.0% | +2.0 pts | +2.7 pts |
| 3 years | +19.2% | +15.9% | +12.9% | +3.2 pts | +6.3 pts |
| 5 years | +46.5% | +44.1% | +41.3% | +2.5 pts | +5.3 pts |
| 10 years | +89.2% | +83.4% | +93.3% | +5.8 pts | −4.2 pts |
| Since Q1 1995 | +285% | +304% | +292% | −19.2 pts | −7.0 pts |
If you bought in ZIP3 224 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 | +280% | $1,141,437 |
| Q2 2000 | +236% | $1,008,523 |
| Q2 2005 | +67.3% | $501,958 |
| Q2 2010 | +112% | $637,305 |
| Q2 2015 | +96.6% | $589,861 |
| Q2 2020 | +65.3% | $496,044 |
| Q2 2021 | +46.5% | $439,636 |
| Q2 2023 | +19.2% | $357,577 |
| Q2 2025 | +5.7% | $317,146 |
How ZIP3 224 ranks
Over the past year ZIP3 224 ranks 169th of 882 3-digit ZIP regions nationally and 6th of 28 in Virginia. Its one-year change is +2.7 pts versus the nation and +2.0 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 169th of 882 | 6th of 28 |
| 3 years | 227th of 882 | 6th of 28 |
| 5 years | 366th of 882 | 16th of 28 |
| 10 years | 478th of 882 | 10th of 28 |
| Since Q1 1995 | 358th of 879 | 13th of 28 |
Boom, bust, and recovery in ZIP3 224
ZIP3 224's index peaked in Q4 2006, fell 34.5% to its low in Q2 2011, and regained its peak in Q3 2021, about 14.8 years after the top. Today it sits +45.9% 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 |
|---|---|---|---|---|---|
| ZIP3 224 | Q4 2006 | Q2 2011 | -34.5% | Q3 2021 (14.8 yrs) | +45.9% |
| 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 224's index has changed +73.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 224 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.8% | -0.1% | -1.2% | -0.8% |
| 3 years | +9.8% | +8.6% | +5.6% | +3.4% | +2.8% |
| 5 years | +24.0% | +18.1% | +16.2% | +8.0% | +13.9% |
| 10 years | +39.1% | +36.0% | +31.9% | +20.3% | +39.0% |
| Since Q1 1995 | +121% | +73.7% | +82.4% | +89.9% | +76.8% |
Estimate appreciation for a home in ZIP3 224
Regional estimate
$567,462
- Estimated gain
- $267,462
- Index change
- +89.15%
- Start index
- 203.30
- End index
- 384.55
ZIP3 224 (Fredericksburg, 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 |
|---|---|---|---|---|
| 225 · Tappahannock, VA area | VA | +5.3% | +45.1% | +270% |
| 221 · Vienna, VA area | VA | +3.8% | +33.5% | +325% |
| 206 · Waldorf, MD area | MD | +1.0% | +30.9% | +207% |
| 227 · Culpeper, VA area | VA | +1.0% | +39.8% | +264% |
| 220 · Fairfax, VA area | VA | +1.5% | +30.6% | +325% |
| 223 · Alexandria, VA area | VA | +2.7% | +26.2% | +340% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 384.55 |
| Q1 2026 | 368.50 |
| Q4 2025 | 359.01 |
| Q3 2025 | 367.41 |
| Q2 2025 | 363.76 |
| Q1 2025 | 348.93 |
| Q4 2024 | 356.59 |
| Q3 2024 | 350.95 |
| Q2 2024 | 351.50 |
| Q1 2024 | 340.41 |
| Q4 2023 | 332.59 |
| Q3 2023 | 336.93 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 224?
- Based on FHFA HPI® data for 3-digit ZIP region 224, the regional index changed +5.7% over the year to Q2 2026, +46.5% over five years, +89.2% over ten years, and +285% since Q1 1995.
- Is ZIP3 224 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +5.7% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +2.7 pts versus the nation. Over five years the gap versus the nation is +5.3 pts.
- Which ZIP codes are in 3-digit ZIP region 224?
- All ZIP codes that begin with 224. Census 2010 ZIP Code Tabulation Areas in this region run from 22401 to 22488 (23 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.