3-digit ZIP regional index
Home appreciation in ZIP codes 245xxLynchburg, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 245 changed +5.2% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 24501–24599. Most of its 2010 population lived in Lynchburg city (20%), Pittsylvania County (15%), Campbell County (14%). Communities in the region include Danville, Timberlake, Madison Heights, Forest, South Boston. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +5.2%
- 5-year change
- +52.8%
- Since Q1 1995
- +235%
- National rank (1 year)
- 243rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 245 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 245: 334.8
- Virginia: 403.8
- Lynchburg, VA metro: 346.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 245 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.2% | +3.8% | +3.0% | +1.5 pts | +2.2 pts |
| 3 years | +17.1% | +15.9% | +12.9% | +1.1 pts | +4.2 pts |
| 5 years | +52.8% | +44.1% | +41.3% | +8.7 pts | +11.5 pts |
| 10 years | +91.3% | +83.4% | +93.3% | +7.9 pts | −2.1 pts |
| Since Q1 1995 | +235% | +304% | +292% | −68.9 pts | −56.7 pts |
If you bought in ZIP3 245 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 | +232% | $995,402 |
| Q2 2000 | +185% | $854,423 |
| Q2 2005 | +121% | $663,579 |
| Q2 2010 | +94.3% | $582,972 |
| Q2 2015 | +96.8% | $590,511 |
| Q2 2020 | +68.2% | $504,576 |
| Q2 2021 | +52.8% | $458,448 |
| Q2 2023 | +17.1% | $351,173 |
| Q2 2025 | +5.2% | $315,699 |
How ZIP3 245 ranks
Over the past year ZIP3 245 ranks 243rd of 882 3-digit ZIP regions nationally and 8th of 28 in Virginia. Its one-year change is +2.2 pts versus the nation and +1.5 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 243rd of 882 | 8th of 28 |
| 3 years | 350th of 882 | 10th of 28 |
| 5 years | 177th of 882 | 6th of 28 |
| 10 years | 439th of 882 | 7th of 28 |
| Since Q1 1995 | 612th of 879 | 28th of 28 |
Boom, bust, and recovery in ZIP3 245
ZIP3 245's index peaked in Q1 2008, fell 9.3% to its low in Q2 2012, and regained its peak in Q2 2018, about 10.2 years after the top. Today it sits +83.1% 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 245 | Q1 2008 | Q2 2012 | -9.3% | Q2 2018 (10.2 yrs) | +83.1% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| Metro | Q1 2008 | Q2 2012 | -9.2% | Q1 2018 (10 yrs) | +82.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 245's index has changed +51.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 245 after inflation | VA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +1.3% | -0.1% | +0.8% | -0.8% |
| 3 years | +9.8% | +6.6% | +5.6% | +4.5% | +2.8% |
| 5 years | +24.0% | +23.2% | +16.2% | +21.9% | +13.9% |
| 10 years | +39.1% | +37.5% | +31.9% | +37.0% | +39.0% |
| Since Q1 1995 | +121% | +51.2% | +82.4% | +56.4% | +76.8% |
Estimate appreciation for a home in ZIP3 245
Regional estimate
$573,813
- Estimated gain
- $273,813
- Index change
- +91.27%
- Start index
- 175.05
- End index
- 334.82
ZIP3 245 (Lynchburg, 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% |
| 239 · Farmville, VA area | VA | +6.0% | +53.3% | +245% |
| 240 · Roanoke, VA area | VA | +4.9% | +50.0% | +252% |
| 244 · Staunton, VA area | VA | +6.3% | +54.0% | +270% |
| 229 · Charlottesville, VA area | VA | +4.6% | +48.6% | +312% |
| 274 · Greensboro, NC area | NC | +1.6% | +51.0% | +209% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 334.82 |
| Q1 2026 | 324.26 |
| Q4 2025 | 319.70 |
| Q3 2025 | 325.21 |
| Q2 2025 | 318.17 |
| Q1 2025 | 310.57 |
| Q4 2024 | 310.92 |
| Q3 2024 | 303.04 |
| Q2 2024 | 303.01 |
| Q1 2024 | 293.80 |
| Q4 2023 | 285.92 |
| Q3 2023 | 285.22 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 245?
- Based on FHFA HPI® data for 3-digit ZIP region 245, the regional index changed +5.2% over the year to Q2 2026, +52.8% over five years, +91.3% over ten years, and +235% since Q1 1995.
- Is ZIP3 245 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +5.2% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +2.2 pts versus the nation. Over five years the gap versus the nation is +11.5 pts.
- Which ZIP codes are in 3-digit ZIP region 245?
- All ZIP codes that begin with 245. Census 2010 ZIP Code Tabulation Areas in this region run from 24501 to 24599 (55 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.