3-digit ZIP regional index
Home appreciation in ZIP codes 231xxWilliamsburg, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 231 changed +3.1% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 23102–23192. Most of its 2010 population lived in Chesterfield County (26%), Hanover County (20%), James City County (18%). Communities in the region include Mechanicsville, Brandermill, Woodlake, Sandston, West Point. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.1%
- 5-year change
- +47.2%
- Since Q1 1995
- +255%
- National rank (1 year)
- 519th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 231 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 231: 354.9
- Virginia: 403.8
- Richmond, VA metro: 399.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 231 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.1% | +3.8% | +3.0% | −0.6 pts | +0.1 pts |
| 3 years | +17.0% | +15.9% | +12.9% | +1.1 pts | +4.2 pts |
| 5 years | +47.2% | +44.1% | +41.3% | +3.2 pts | +6.0 pts |
| 10 years | +90.1% | +83.4% | +93.3% | +6.7 pts | −3.3 pts |
| Since Q1 1995 | +255% | +304% | +292% | −48.8 pts | −36.6 pts |
If you bought in ZIP3 231 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 | +248% | $1,042,510 |
| Q2 2000 | +200% | $900,863 |
| Q2 2005 | +100% | $600,914 |
| Q2 2010 | +89.8% | $569,483 |
| Q2 2015 | +93.7% | $581,075 |
| Q2 2020 | +62.7% | $487,957 |
| Q2 2021 | +47.2% | $441,706 |
| Q2 2023 | +17.0% | $351,020 |
| Q2 2025 | +3.2% | $309,460 |
How ZIP3 231 ranks
Over the past year ZIP3 231 ranks 519th of 882 3-digit ZIP regions nationally and 19th of 28 in Virginia. Its one-year change is +0.1 pts versus the nation and −0.6 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 519th of 882 | 19th of 28 |
| 3 years | 353rd of 882 | 12th of 28 |
| 5 years | 340th of 882 | 14th of 28 |
| 10 years | 453rd of 882 | 9th of 28 |
| Since Q1 1995 | 461st of 879 | 19th of 28 |
Boom, bust, and recovery in ZIP3 231
ZIP3 231's index peaked in Q2 2007, fell 20.6% to its low in Q2 2012, and regained its peak in Q1 2020, about 12.8 years after the top. Today it sits +64.6% 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 231 | Q2 2007 | Q2 2012 | -20.6% | Q1 2020 (12.8 yrs) | +64.6% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q2 2007 | Q2 2012 | -19.5% | Q2 2018 (11 yrs) | +82.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 231's index has changed +60.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 231 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.7% | -0.1% | -0.5% | -0.8% |
| 3 years | +9.8% | +6.6% | +5.6% | +5.4% | +2.8% |
| 5 years | +24.0% | +18.7% | +16.2% | +19.1% | +13.9% |
| 10 years | +39.1% | +36.7% | +31.9% | +44.3% | +39.0% |
| Since Q1 1995 | +121% | +60.3% | +82.4% | +80.3% | +76.8% |
Estimate appreciation for a home in ZIP3 231
Regional estimate
$570,246
- Estimated gain
- $270,246
- Index change
- +90.08%
- Start index
- 186.73
- End index
- 354.94
ZIP3 231 (Williamsburg, 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 |
|---|---|---|---|---|
| 230 · Ashland, VA area | VA | +4.3% | +49.1% | +277% |
| 232 · Richmond, VA area | VA | +3.2% | +47.1% | +347% |
| 238 · Petersburg, VA area | VA | +3.3% | +49.7% | +251% |
| 225 · Tappahannock, VA area | VA | +5.3% | +45.1% | +270% |
| 224 · Fredericksburg, VA area | VA | +5.7% | +46.5% | +285% |
| 236 · Newport News, VA area | VA | +2.2% | +41.0% | +245% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 354.94 |
| Q1 2026 | 353.92 |
| Q4 2025 | 348.00 |
| Q3 2025 | 344.98 |
| Q2 2025 | 344.09 |
| Q1 2025 | 335.05 |
| Q4 2024 | 330.52 |
| Q3 2024 | 330.91 |
| Q2 2024 | 330.24 |
| Q1 2024 | 319.26 |
| Q4 2023 | 311.28 |
| Q3 2023 | 307.17 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 231?
- Based on FHFA HPI® data for 3-digit ZIP region 231, the regional index changed +3.1% over the year to Q2 2026, +47.2% over five years, +90.1% over ten years, and +255% since Q1 1995.
- Is ZIP3 231 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +3.1% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +0.1 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 231?
- All ZIP codes that begin with 231. Census 2010 ZIP Code Tabulation Areas in this region run from 23102 to 23192 (47 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.