3-digit ZIP regional index
Home appreciation in ZIP codes 244xxStaunton, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 244 changed +6.3% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 24401–24487. Most of its 2010 population lived in Augusta County (37%), Staunton city (17%), Rockbridge County (12%). Communities in the region include Stuarts Draft, Lexington, Buena Vista, Covington, Verona. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.3%
- 5-year change
- +54.0%
- Since Q1 1995
- +270%
- National rank (1 year)
- 111th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 244 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 244: 370.0
- Virginia: 403.8
- Staunton-Stuarts Draft, VA metro: 379.9
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 244 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.3% | +3.8% | +3.0% | +2.6 pts | +3.3 pts |
| 3 years | +23.9% | +15.9% | +12.9% | +7.9 pts | +11.0 pts |
| 5 years | +54.0% | +44.1% | +41.3% | +9.9 pts | +12.7 pts |
| 10 years | +90.8% | +83.4% | +93.3% | +7.4 pts | −2.5 pts |
| Since Q1 1995 | +270% | +304% | +292% | −33.7 pts | −21.5 pts |
If you bought in ZIP3 244 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 | +275% | $1,124,058 |
| Q2 2000 | +213% | $939,347 |
| Q2 2005 | +109% | $626,797 |
| Q2 2010 | +89.6% | $568,826 |
| Q2 2015 | +98.2% | $594,569 |
| Q2 2020 | +68.2% | $504,485 |
| Q2 2021 | +53.9% | $461,838 |
| Q2 2023 | +23.9% | $371,613 |
| Q2 2025 | +6.3% | $319,009 |
How ZIP3 244 ranks
Over the past year ZIP3 244 ranks 111th of 882 3-digit ZIP regions nationally and 1st of 28 in Virginia. Its one-year change is +3.3 pts versus the nation and +2.6 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 111th of 882 | 1st of 28 |
| 3 years | 61st of 882 | 1st of 28 |
| 5 years | 138th of 882 | 2nd of 28 |
| 10 years | 444th of 882 | 8th of 28 |
| Since Q1 1995 | 408th of 879 | 16th of 28 |
Boom, bust, and recovery in ZIP3 244
ZIP3 244's index peaked in Q1 2008, fell 16.2% to its low in Q4 2013, and regained its peak in Q4 2019, about 11.8 years after the top. Today it sits +72.6% 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 244 | Q1 2008 | Q4 2013 | -16.2% | Q4 2019 (11.8 yrs) | +72.6% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q4 2007 | Q1 2012 | -16.0% | Q3 2019 (11.8 yrs) | +81.5% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 244's index has changed +67.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 244 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.4% | -0.1% | +3.5% | -0.8% |
| 3 years | +9.8% | +12.8% | +5.6% | +11.8% | +2.8% |
| 5 years | +24.0% | +24.1% | +16.2% | +27.1% | +13.9% |
| 10 years | +39.1% | +37.2% | +31.9% | +43.9% | +39.0% |
| Since Q1 1995 | +121% | +67.1% | +82.4% | +71.6% | +76.8% |
Estimate appreciation for a home in ZIP3 244
Regional estimate
$572,492
- Estimated gain
- $272,492
- Index change
- +90.83%
- Start index
- 193.91
- End index
- 370.04
ZIP3 244 (Staunton, 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 |
|---|---|---|---|---|
| 229 · Charlottesville, VA area | VA | +4.6% | +48.6% | +312% |
| 228 · Harrisonburg, VA area | VA | +4.5% | +47.3% | +251% |
| 245 · Lynchburg, VA area | VA | +5.2% | +52.8% | +235% |
| 249 · Lewisburg, WV area | WV | +8.7% | +46.6% | +210% |
| 268 · Moorefield, WV area | WV | +8.7% | +46.6% | +210% |
| 262 · Elkins, WV area | WV | +8.7% | +46.6% | +210% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 370.04 |
| Q1 2026 | 357.59 |
| Q4 2025 | 351.99 |
| Q3 2025 | 357.25 |
| Q2 2025 | 347.99 |
| Q1 2025 | 345.77 |
| Q4 2024 | 329.73 |
| Q3 2024 | 327.43 |
| Q2 2024 | 330.48 |
| Q1 2024 | 323.95 |
| Q4 2023 | 301.80 |
| Q3 2023 | 314.46 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 244?
- Based on FHFA HPI® data for 3-digit ZIP region 244, the regional index changed +6.3% over the year to Q2 2026, +54.0% over five years, +90.8% over ten years, and +270% since Q1 1995.
- Is ZIP3 244 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +6.3% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +3.3 pts versus the nation. Over five years the gap versus the nation is +12.7 pts.
- Which ZIP codes are in 3-digit ZIP region 244?
- All ZIP codes that begin with 244. Census 2010 ZIP Code Tabulation Areas in this region run from 24401 to 24487 (42 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.