3-digit ZIP regional index
Home appreciation in ZIP codes 246xxRichlands, VA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 246 changed +6.0% over the year to Q2 2026, compared with +3.8% for Virginia and +3.0% for the United States.
The region covers ZIP codes 24601–24657. Most of its 2010 population lived in Tazewell County (62%), Buchanan County (31%), Russell County (7%). Communities in the region include Bluefield, Tazewell, Raven, Claypool Hill, Springville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.0%
- 5-year change
- +53.3%
- Since Q1 1995
- +245%
- National rank (1 year)
- 153rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 246 vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 246: 345.0
- 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 246 | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.0% | +3.8% | +3.0% | +2.2 pts | +2.9 pts |
| 3 years | +20.9% | +15.9% | +12.9% | +5.0 pts | +8.1 pts |
| 5 years | +53.3% | +44.1% | +41.3% | +9.2 pts | +12.0 pts |
| 10 years | +89.0% | +83.4% | +93.3% | +5.6 pts | −4.3 pts |
| Since Q1 1995 | +245% | +304% | +292% | −58.7 pts | −46.5 pts |
If you bought in ZIP3 246 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 | +243% | $1,027,967 |
| Q2 2000 | +196% | $886,941 |
| Q2 2005 | +92.3% | $576,764 |
| Q2 2010 | +86.7% | $560,006 |
| Q2 2015 | +94.3% | $582,804 |
| Q2 2020 | +69.3% | $507,781 |
| Q2 2021 | +53.3% | $459,843 |
| Q2 2023 | +20.9% | $362,759 |
| Q2 2025 | +6.0% | $317,874 |
How ZIP3 246 ranks
Over the past year ZIP3 246 ranks 153rd of 882 3-digit ZIP regions nationally and 5th of 28 in Virginia. Its one-year change is +2.9 pts versus the nation and +2.2 pts versus Virginia. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Virginia |
|---|---|---|
| 1 year | 153rd of 882 | 5th of 28 |
| 3 years | 174th of 882 | 4th of 28 |
| 5 years | 155th of 882 | 5th of 28 |
| 10 years | 482nd of 882 | 13th of 28 |
| Since Q1 1995 | 526th of 879 | 25th of 28 |
Boom, bust, and recovery in ZIP3 246
ZIP3 246's index peaked in Q2 2007, fell 19.3% to its low in Q1 2014, and regained its peak in Q1 2021, about 13.8 years after the top. Today it sits +61.7% 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 246 | Q2 2007 | Q1 2014 | -19.3% | Q1 2021 (13.8 yrs) | +61.7% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 246's index has changed +55.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 246 after inflation | VA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.0% | -0.1% | -0.8% |
| 3 years | +9.8% | +10.1% | +5.6% | +2.8% |
| 5 years | +24.0% | +23.6% | +16.2% | +13.9% |
| 10 years | +39.1% | +35.9% | +31.9% | +39.0% |
| Since Q1 1995 | +121% | +55.8% | +82.4% | +76.8% |
Estimate appreciation for a home in ZIP3 246
Regional estimate
$567,094
- Estimated gain
- $267,094
- Index change
- +89.03%
- Start index
- 182.52
- End index
- 345.02
ZIP3 246 (Richlands, VA area), Q2 2016 to Q2 2026. Index type: Balance of State.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 248 · Welch, WV area | WV | +8.7% | +46.6% | +210% |
| 247 · Bluefield, WV area | WV | +8.7% | +46.6% | +210% |
| 243 · Pulaski, VA area | VA | +6.0% | +53.3% | +245% |
| 415 · Pikeville, KY area | KY | +5.6% | +50.5% | +243% |
| 256 · Williamson, WV area | WV | +8.7% | +46.6% | +210% |
| 242 · Bristol, VA area | VA | +3.0% | +60.3% | +293% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 345.02 |
| Q1 2026 | 337.46 |
| Q4 2025 | 339.30 |
| Q3 2025 | 333.34 |
| Q2 2025 | 325.62 |
| Q1 2025 | 321.03 |
| Q4 2024 | 322.32 |
| Q3 2024 | 309.46 |
| Q2 2024 | 310.58 |
| Q1 2024 | 301.38 |
| Q4 2023 | 293.73 |
| Q3 2023 | 293.45 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 246?
- Based on FHFA HPI® data for 3-digit ZIP region 246, the regional index changed +6.0% over the year to Q2 2026, +53.3% over five years, +89.0% over ten years, and +245% since Q1 1995.
- Is ZIP3 246 appreciating faster than Virginia and the U.S.?
- Over the past year the region's index +6.0% compares with +3.8% for Virginia and +3.0% for the U.S., a gap of +2.9 pts versus the nation. Over five years the gap versus the nation is +12.0 pts.
- Which ZIP codes are in 3-digit ZIP region 246?
- All ZIP codes that begin with 246. Census 2010 ZIP Code Tabulation Areas in this region run from 24601 to 24657 (26 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.