3-digit ZIP regional index
Home appreciation in ZIP codes 237xxPortsmouth, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 237 changed +3.6% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 23701–23709. Most of its 2010 population lived in Portsmouth city (100%). This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.6%
- 5-year change
- +43.4%
- Since Q1 1995
- +289%
- National rank (1 year)
- 441st
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 237 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 237: 389.0
- Virginia: 403.8
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 237 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.6% | +3.8% | +3.0% | −0.1 pts | +0.6 pts |
| 3 years | +15.5% | +15.9% | +12.9% | −0.5 pts | +2.6 pts |
| 5 years | +43.4% | +44.1% | +41.3% | −0.6 pts | +2.1 pts |
| 10 years | +78.2% | +83.4% | +93.3% | −5.2 pts | −15.2 pts |
| Since Q1 1995 | +289% | +304% | +292% | −14.8 pts | −2.6 pts |
If you bought in ZIP3 237 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 | +283% | $1,149,379 |
| Q2 2000 | +231% | $993,571 |
| Q2 2005 | +86.5% | $559,533 |
| Q2 2010 | +74.4% | $523,251 |
| Q2 2015 | +82.0% | $546,048 |
| Q2 2020 | +58.4% | $475,063 |
| Q2 2021 | +43.4% | $430,302 |
| Q2 2023 | +15.5% | $346,411 |
| Q2 2025 | +3.6% | $310,911 |
How ZIP3 237 ranks
Over the past year ZIP3 237 ranks 441st of 882 3-digit ZIP regions nationally and 16th of 28 in Virginia. Its one-year change is +0.6 pts versus the nation and −0.1 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 441st of 882 | 16th of 28 |
| 3 years | 426th of 882 | 19th of 28 |
| 5 years | 483rd of 882 | 20th of 28 |
| 10 years | 624th of 882 | 21st of 28 |
| Since Q1 1995 | 344th of 879 | 12th of 28 |
Boom, bust, and recovery in ZIP3 237
ZIP3 237's index peaked in Q2 2007, fell 19.3% to its low in Q4 2013, and regained its peak in Q1 2021, about 13.8 years after the top. Today it sits +53.1% 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 237 | Q2 2007 | Q4 2013 | -19.3% | Q1 2021 (13.8 yrs) | +53.1% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q2 2007 | Q4 2013 | -19.3% | Q1 2021 (13.8 yrs) | +53.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 237's index has changed +75.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 237 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.2% | -0.1% | -0.2% | -0.8% |
| 3 years | +9.8% | +5.2% | +5.6% | +5.2% | +2.8% |
| 5 years | +24.0% | +15.6% | +16.2% | +15.6% | +13.9% |
| 10 years | +39.1% | +28.1% | +31.9% | +28.1% | +39.0% |
| Since Q1 1995 | +121% | +75.7% | +82.4% | +75.7% | +76.8% |
Estimate appreciation for a home in ZIP3 237
Regional estimate
$534,468
- Estimated gain
- $234,468
- Index change
- +78.16%
- Start index
- 218.32
- End index
- 388.95
ZIP3 237 (Portsmouth, VA area), Q2 2016 to Q2 2026. Index type: MSA/MSAD Index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 235 · Norfolk, VA area | VA | +1.9% | +38.8% | +308% |
| 233 · Chesapeake, VA area | VA | +3.9% | +44.6% | +291% |
| 234 · Virginia Beach, VA area | VA | +4.1% | +44.4% | +321% |
| 236 · Newport News, VA area | VA | +2.2% | +41.0% | +245% |
| 279 · Elizabeth City, NC area | NC | -1.9% | +50.6% | +331% |
| 238 · Petersburg, VA area | VA | +3.3% | +49.7% | +251% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 388.95 |
| Q1 2026 | 385.59 |
| Q4 2025 | 379.89 |
| Q3 2025 | 378.91 |
| Q2 2025 | 375.30 |
| Q1 2025 | 368.53 |
| Q4 2024 | 365.93 |
| Q3 2024 | 358.74 |
| Q2 2024 | 354.59 |
| Q1 2024 | 346.50 |
| Q4 2023 | 340.70 |
| Q3 2023 | 340.75 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 237?
- Based on FHFA HPI® data for 3-digit ZIP region 237, the regional index changed +3.6% over the year to Q2 2026, +43.4% over five years, +78.2% over ten years, and +289% since Q1 1995.
- Is ZIP3 237 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +3.6% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +0.6 pts versus the nation. Over five years the gap versus the nation is +2.1 pts.
- Which ZIP codes are in 3-digit ZIP region 237?
- All ZIP codes that begin with 237. Census 2010 ZIP Code Tabulation Areas in this region run from 23701 to 23709 (7 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.