3-digit ZIP regional index
Home appreciation in ZIP codes 242xxBristol, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 242 changed +3.0% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 24201–24293. Most of its 2010 population lived in Washington County (22%), Wise County (21%), Lee County (13%). Communities in the region include Abingdon, Big Stone Gap, Norton, Lebanon, Wise. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.0%
- 5-year change
- +60.3%
- Since Q1 1995
- +293%
- National rank (1 year)
- 552nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 242 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 242: 393.4
- 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 242 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.0% | +3.8% | +3.0% | −0.8 pts | −0.0 pts |
| 3 years | +17.2% | +15.9% | +12.9% | +1.3 pts | +4.4 pts |
| 5 years | +60.3% | +44.1% | +41.3% | +16.2 pts | +19.0 pts |
| 10 years | +109% | +83.4% | +93.3% | +25.3 pts | +15.4 pts |
| Since Q1 1995 | +293% | +304% | +292% | −10.4 pts | +1.8 pts |
If you bought in ZIP3 242 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 | +278% | $1,133,058 |
| Q2 2000 | +213% | $939,031 |
| Q2 2005 | +145% | $734,155 |
| Q2 2010 | +118% | $654,945 |
| Q2 2015 | +112% | $636,608 |
| Q2 2020 | +81.8% | $545,424 |
| Q2 2021 | +60.3% | $480,821 |
| Q2 2023 | +17.2% | $351,654 |
| Q2 2025 | +3.0% | $309,002 |
How ZIP3 242 ranks
Over the past year ZIP3 242 ranks 552nd of 882 3-digit ZIP regions nationally and 20th of 28 in Virginia. Its one-year change is −0.0 pts versus the nation and −0.8 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 552nd of 882 | 20th of 28 |
| 3 years | 333rd of 882 | 9th of 28 |
| 5 years | 43rd of 882 | 1st of 28 |
| 10 years | 209th of 882 | 1st of 28 |
| Since Q1 1995 | 330th of 879 | 10th of 28 |
Boom, bust, and recovery in ZIP3 242
ZIP3 242's index peaked in Q4 2008, fell 6.5% to its low in Q2 2012, and regained its peak in Q3 2016, about 7.8 years after the top. Today it sits +108% 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 242 | Q4 2008 | Q2 2012 | -6.5% | Q3 2016 (7.8 yrs) | +108% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q4 2008 | Q2 2012 | -6.5% | Q3 2016 (7.8 yrs) | +108% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 242's index has changed +77.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 242 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.8% | -0.1% | -0.8% | -0.8% |
| 3 years | +9.8% | +6.8% | +5.6% | +6.8% | +2.8% |
| 5 years | +24.0% | +29.2% | +16.2% | +29.2% | +13.9% |
| 10 years | +39.1% | +50.0% | +31.9% | +50.0% | +39.0% |
| Since Q1 1995 | +121% | +77.7% | +82.4% | +77.7% | +76.8% |
Estimate appreciation for a home in ZIP3 242
Regional estimate
$626,037
- Estimated gain
- $326,037
- Index change
- +109%
- Start index
- 188.50
- End index
- 393.36
ZIP3 242 (Bristol, 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 |
|---|---|---|---|---|
| 376 · Johnson City, TN area | TN | +4.3% | +61.8% | +302% |
| 418 · Whitesburg, KY area | KY | +5.6% | +50.5% | +243% |
| 415 · Pikeville, KY area | KY | +5.6% | +50.5% | +243% |
| 246 · Richlands, VA area | VA | +6.0% | +53.3% | +245% |
| 408 · Cumberland, KY area | KY | +5.6% | +50.5% | +243% |
| 417 · Hazard, KY area | KY | +5.6% | +50.5% | +243% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 393.36 |
| Q1 2026 | 387.23 |
| Q4 2025 | 392.77 |
| Q3 2025 | 381.84 |
| Q2 2025 | 381.90 |
| Q1 2025 | 381.21 |
| Q4 2024 | 376.95 |
| Q3 2024 | 365.36 |
| Q2 2024 | 366.69 |
| Q1 2024 | 350.83 |
| Q4 2023 | 353.46 |
| Q3 2023 | 346.00 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 242?
- Based on FHFA HPI® data for 3-digit ZIP region 242, the regional index changed +3.0% over the year to Q2 2026, +60.3% over five years, +109% over ten years, and +293% since Q1 1995.
- Is ZIP3 242 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +3.0% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of −0.0 pts versus the nation. Over five years the gap versus the nation is +19.0 pts.
- Which ZIP codes are in 3-digit ZIP region 242?
- All ZIP codes that begin with 242. Census 2010 ZIP Code Tabulation Areas in this region run from 24201 to 24293 (44 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.