3-digit ZIP regional index
Home appreciation in ZIP codes 226xxWinchester, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 226 changed +6.3% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 22601–22664. Most of its 2010 population lived in Frederick County (43%), Warren County (21%), Winchester city (14%). Communities in the region include Front Royal, Strasburg, Woodstock, Berryville, Shenandoah Farms. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.3%
- 5-year change
- +47.3%
- Since Q1 1995
- +283%
- National rank (1 year)
- 116th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 226 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 226: 382.5
- Virginia: 403.8
- Winchester, VA-WV metro: 373.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 226 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.3% | +3.8% | +3.0% | +2.5 pts | +3.2 pts |
| 3 years | +18.1% | +15.9% | +12.9% | +2.1 pts | +5.2 pts |
| 5 years | +47.3% | +44.1% | +41.3% | +3.2 pts | +6.0 pts |
| 10 years | +94.6% | +83.4% | +93.3% | +11.2 pts | +1.3 pts |
| Since Q1 1995 | +283% | +304% | +292% | −21.3 pts | −9.1 pts |
If you bought in ZIP3 226 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 | +273% | $1,119,731 |
| Q2 2000 | +225% | $976,014 |
| Q2 2005 | +73.7% | $520,975 |
| Q2 2010 | +115% | $645,461 |
| Q2 2015 | +98.2% | $594,652 |
| Q2 2020 | +66.7% | $500,218 |
| Q2 2021 | +47.3% | $441,805 |
| Q2 2023 | +18.1% | $354,189 |
| Q2 2025 | +6.3% | $318,803 |
How ZIP3 226 ranks
Over the past year ZIP3 226 ranks 116th of 882 3-digit ZIP regions nationally and 2nd of 28 in Virginia. Its one-year change is +3.2 pts versus the nation and +2.5 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 116th of 882 | 2nd of 28 |
| 3 years | 295th of 882 | 7th of 28 |
| 5 years | 338th of 882 | 12th of 28 |
| 10 years | 388th of 882 | 4th of 28 |
| Since Q1 1995 | 364th of 879 | 14th of 28 |
Boom, bust, and recovery in ZIP3 226
ZIP3 226's index peaked in Q2 2006, fell 33.9% to its low in Q1 2012, and regained its peak in Q2 2021, about 15 years after the top. Today it sits +49.3% 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 226 | Q2 2006 | Q1 2012 | -33.9% | Q2 2021 (15 yrs) | +49.3% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q2 2006 | Q2 2011 | -35.6% | Q3 2021 (15.2 yrs) | +45.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 226's index has changed +72.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 226 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.3% | -0.1% | +2.7% | -0.8% |
| 3 years | +9.8% | +7.5% | +5.6% | +6.1% | +2.8% |
| 5 years | +24.0% | +18.7% | +16.2% | +17.7% | +13.9% |
| 10 years | +39.1% | +39.9% | +31.9% | +37.3% | +39.0% |
| Since Q1 1995 | +121% | +72.8% | +82.4% | +68.5% | +76.8% |
Estimate appreciation for a home in ZIP3 226
Regional estimate
$583,791
- Estimated gain
- $283,791
- Index change
- +94.60%
- Start index
- 196.56
- End index
- 382.50
ZIP3 226 (Winchester, 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 |
|---|---|---|---|---|
| 254 · Martinsburg, WV area | WV | +6.3% | +48.4% | +237% |
| 201 · Leesburg, VA area | VA | +1.6% | +36.1% | +297% |
| 267 · Keyser, WV area | WV | +8.7% | +46.6% | +210% |
| 227 · Culpeper, VA area | VA | +1.0% | +39.8% | +264% |
| 268 · Moorefield, WV area | WV | +8.7% | +46.6% | +210% |
| 228 · Harrisonburg, VA area | VA | +4.5% | +47.3% | +251% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 382.50 |
| Q1 2026 | 369.12 |
| Q4 2025 | 364.54 |
| Q3 2025 | 366.04 |
| Q2 2025 | 359.94 |
| Q1 2025 | 356.24 |
| Q4 2024 | 362.39 |
| Q3 2024 | 349.37 |
| Q2 2024 | 341.98 |
| Q1 2024 | 331.90 |
| Q4 2023 | 330.83 |
| Q3 2023 | 333.39 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 226?
- Based on FHFA HPI® data for 3-digit ZIP region 226, the regional index changed +6.3% over the year to Q2 2026, +47.3% over five years, +94.6% over ten years, and +283% since Q1 1995.
- Is ZIP3 226 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +6.3% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +3.2 pts versus the nation. Over five years the gap versus the nation is +6.0 pts.
- Which ZIP codes are in 3-digit ZIP region 226?
- All ZIP codes that begin with 226. Census 2010 ZIP Code Tabulation Areas in this region run from 22601 to 22664 (29 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.