3-digit ZIP regional index
Home appreciation in ZIP codes 240xxRoanoke, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 240 changed +4.9% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 24011–24095. Most of its 2010 population lived in Roanoke city (27%), Montgomery County (25%), Roanoke County (19%). Communities in the region include Blacksburg, Cave Spring, Christiansburg, Hollins, Collinsville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.9%
- 5-year change
- +50.0%
- Since Q1 1995
- +252%
- National rank (1 year)
- 278th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 240 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 240: 352.2
- Virginia: 403.8
- Roanoke, VA metro: 345.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 240 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.9% | +3.8% | +3.0% | +1.1 pts | +1.8 pts |
| 3 years | +16.3% | +15.9% | +12.9% | +0.4 pts | +3.5 pts |
| 5 years | +50.0% | +44.1% | +41.3% | +5.9 pts | +8.7 pts |
| 10 years | +94.3% | +83.4% | +93.3% | +10.9 pts | +0.9 pts |
| Since Q1 1995 | +252% | +304% | +292% | −51.5 pts | −39.3 pts |
If you bought in ZIP3 240 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 | +254% | $1,060,857 |
| Q2 2000 | +188% | $864,959 |
| Q2 2005 | +114% | $641,058 |
| Q2 2010 | +95.3% | $585,895 |
| Q2 2015 | +95.7% | $587,067 |
| Q2 2020 | +66.8% | $500,388 |
| Q2 2021 | +50.0% | $450,032 |
| Q2 2023 | +16.3% | $348,994 |
| Q2 2025 | +4.9% | $314,622 |
How ZIP3 240 ranks
Over the past year ZIP3 240 ranks 278th of 882 3-digit ZIP regions nationally and 9th of 28 in Virginia. Its one-year change is +1.8 pts versus the nation and +1.1 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 278th of 882 | 9th of 28 |
| 3 years | 382nd of 882 | 16th of 28 |
| 5 years | 269th of 882 | 8th of 28 |
| 10 years | 392nd of 882 | 5th of 28 |
| Since Q1 1995 | 485th of 879 | 20th of 28 |
Boom, bust, and recovery in ZIP3 240
ZIP3 240's index peaked in Q1 2009, fell 10.7% to its low in Q2 2012, and regained its peak in Q3 2018, about 9.5 years after the top. Today it sits +81.9% 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 240 | Q1 2009 | Q2 2012 | -10.7% | Q3 2018 (9.5 yrs) | +81.9% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q1 2008 | Q4 2013 | -12.3% | Q2 2019 (11.2 yrs) | +78.7% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 240's index has changed +59.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 240 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.0% | -0.1% | -0.5% | -0.8% |
| 3 years | +9.8% | +5.9% | +5.6% | +7.5% | +2.8% |
| 5 years | +24.0% | +20.9% | +16.2% | +21.9% | +13.9% |
| 10 years | +39.1% | +39.7% | +31.9% | +40.6% | +39.0% |
| Since Q1 1995 | +121% | +59.1% | +82.4% | +56.0% | +76.8% |
Estimate appreciation for a home in ZIP3 240
Regional estimate
$582,761
- Estimated gain
- $282,761
- Index change
- +94.25%
- Start index
- 181.33
- End index
- 352.24
ZIP3 240 (Roanoke, 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 |
|---|---|---|---|---|
| 241 · Salem, VA area | VA | +2.4% | +50.4% | +240% |
| 249 · Lewisburg, WV area | WV | +8.7% | +46.6% | +210% |
| 245 · Lynchburg, VA area | VA | +5.2% | +52.8% | +235% |
| 247 · Bluefield, WV area | WV | +8.7% | +46.6% | +210% |
| 243 · Pulaski, VA area | VA | +6.0% | +53.3% | +245% |
| 259 · Oak Hill, WV area | WV | +10.0% | +52.8% | Not available |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 352.24 |
| Q1 2026 | 346.41 |
| Q4 2025 | 347.75 |
| Q3 2025 | 339.58 |
| Q2 2025 | 335.87 |
| Q1 2025 | 332.31 |
| Q4 2024 | 327.61 |
| Q3 2024 | 327.09 |
| Q2 2024 | 320.46 |
| Q1 2024 | 313.17 |
| Q4 2023 | 307.67 |
| Q3 2023 | 304.82 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 240?
- Based on FHFA HPI® data for 3-digit ZIP region 240, the regional index changed +4.9% over the year to Q2 2026, +50.0% over five years, +94.3% over ten years, and +252% since Q1 1995.
- Is ZIP3 240 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +4.9% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +1.8 pts versus the nation. Over five years the gap versus the nation is +8.7 pts.
- Which ZIP codes are in 3-digit ZIP region 240?
- All ZIP codes that begin with 240. Census 2010 ZIP Code Tabulation Areas in this region run from 24011 to 24095 (41 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.