3-digit ZIP regional index
Home appreciation in ZIP codes 228xxHarrisonburg, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 228 changed +4.5% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 22801–22853. Most of its 2010 population lived in Rockingham County (43%), Harrisonburg city (30%), Page County (14%). Communities in the region include Bridgewater, Luray, Massanetta Springs, Broadway, Elkton. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.5%
- 5-year change
- +47.3%
- Since Q1 1995
- +251%
- National rank (1 year)
- 327th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 228 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 228: 350.8
- Virginia: 403.8
- Harrisonburg, VA metro: 347.2
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 228 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.5% | +3.8% | +3.0% | +0.7 pts | +1.4 pts |
| 3 years | +15.9% | +15.9% | +12.9% | −0.1 pts | +3.0 pts |
| 5 years | +47.3% | +44.1% | +41.3% | +3.2 pts | +6.0 pts |
| 10 years | +82.9% | +83.4% | +93.3% | −0.5 pts | −10.4 pts |
| Since Q1 1995 | +251% | +304% | +292% | −52.9 pts | −40.7 pts |
If you bought in ZIP3 228 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 | +247% | $1,042,452 |
| Q2 2000 | +204% | $911,379 |
| Q2 2005 | +101% | $604,029 |
| Q2 2010 | +87.5% | $562,452 |
| Q2 2015 | +87.6% | $562,813 |
| Q2 2020 | +62.9% | $488,562 |
| Q2 2021 | +47.3% | $441,820 |
| Q2 2023 | +15.9% | $347,610 |
| Q2 2025 | +4.5% | $313,391 |
How ZIP3 228 ranks
Over the past year ZIP3 228 ranks 327th of 882 3-digit ZIP regions nationally and 11th of 28 in Virginia. Its one-year change is +1.4 pts versus the nation and +0.7 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 327th of 882 | 11th of 28 |
| 3 years | 414th of 882 | 18th of 28 |
| 5 years | 339th of 882 | 13th of 28 |
| 10 years | 570th of 882 | 17th of 28 |
| Since Q1 1995 | 492nd of 879 | 22nd of 28 |
Boom, bust, and recovery in ZIP3 228
ZIP3 228's index peaked in Q4 2007, fell 16.3% to its low in Q4 2013, and regained its peak in Q4 2019, about 12 years after the top. Today it sits +64.7% 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 228 | Q4 2007 | Q4 2013 | -16.3% | Q4 2019 (12 yrs) | +64.7% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q2 2008 | Q2 2012 | -14.6% | Q2 2019 (11 yrs) | +65.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 228's index has changed +58.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 228 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.6% | -0.1% | +0.6% | -0.8% |
| 3 years | +9.8% | +5.5% | +5.6% | +5.0% | +2.8% |
| 5 years | +24.0% | +18.7% | +16.2% | +18.1% | +13.9% |
| 10 years | +39.1% | +31.5% | +31.9% | +29.3% | +39.0% |
| Since Q1 1995 | +121% | +58.5% | +82.4% | +56.8% | +76.8% |
Estimate appreciation for a home in ZIP3 228
Regional estimate
$548,785
- Estimated gain
- $248,785
- Index change
- +82.93%
- Start index
- 191.78
- End index
- 350.82
ZIP3 228 (Harrisonburg, 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 |
|---|---|---|---|---|
| 268 · Moorefield, WV area | WV | +8.7% | +46.6% | +210% |
| 229 · Charlottesville, VA area | VA | +4.6% | +48.6% | +312% |
| 227 · Culpeper, VA area | VA | +1.0% | +39.8% | +264% |
| 244 · Staunton, VA area | VA | +6.3% | +54.0% | +270% |
| 226 · Winchester, VA area | VA | +6.3% | +47.3% | +283% |
| 267 · Keyser, WV area | WV | +8.7% | +46.6% | +210% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 350.82 |
| Q1 2026 | 347.17 |
| Q4 2025 | 341.18 |
| Q3 2025 | 342.03 |
| Q2 2025 | 335.83 |
| Q1 2025 | 333.26 |
| Q4 2024 | 323.97 |
| Q3 2024 | 329.21 |
| Q2 2024 | 321.69 |
| Q1 2024 | 305.41 |
| Q4 2023 | 309.64 |
| Q3 2023 | 304.04 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 228?
- Based on FHFA HPI® data for 3-digit ZIP region 228, the regional index changed +4.5% over the year to Q2 2026, +47.3% over five years, +82.9% over ten years, and +251% since Q1 1995.
- Is ZIP3 228 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +4.5% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +1.4 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 228?
- All ZIP codes that begin with 228. Census 2010 ZIP Code Tabulation Areas in this region run from 22801 to 22853 (28 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.