States › Virginia
State
Virginia
129 counties with an index · 15 metro and micro areas · 553 ZIP codes · 137 permit-issuing places · 8,880,107 residents (2025 est.)
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.
Virginia's FHFA house price index starts in 1975. Through 2025 it has risen +886.9%; over the ten years to 2025 the rise was +74.6% (+5.7% a year), below the national +85.0%.
The quarterly index through 2026 Q2 is +3.8% on a year earlier and +1.7% on the quarter; nationally +3.0% and +1.1%.
The index peaked in 2007, fell −18.4% to 2012 and regained the peak in 2020; the national index fell −21.3% over 2007–2012.
37,520 housing units were authorised in Virginia in the 12 months to August 2026, 4.2 per 1,000 residents against 4.1 nationally; that is +12.1% on the previous 12 months. 129 counties, 15 metro and micro areas, 553 ZIP codes and 137 permit-issuing places in the state have their own pages.
Same span, state and nation
| Change in the FHFA index | Virginia | United States |
|---|---|---|
| 1 year (2024–2025) | +3.7% | +2.8% |
| 5 years (2020–2025) | +48.7% | +47.0% |
| 10 years (2015–2025) | +74.6% | +85.0% |
| 20 years (2005–2025) | +70.8% | +79.1% |
| Since 2000 | +188.6% | +158.3% |
| Since 1975 | +886.9% | +960.7% |
| 10-year annualised | +5.7% | +6.3% |
| 20-year annualised | +2.7% | +3.0% |
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 1980s (1980–1990) | +81.0% | +68.2% | |
| 1990s (1990–2000) | +22.7% | +33.9% | |
| 2000s (2000–2010) | +61.3% | +29.7% | |
| 2010s (2010–2020) | +20.3% | +35.5% | |
| 2020s so far (2020–2025) | +48.7% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.
Peak-to-low declines
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 2007 | 2012 | −18.4% | 2020 |
Purchase-only index
FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.
Counties
Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.
| County | 1 year | 10 years | Since 2000 | Units, 12 months | Per 1,000 | Index through |
|---|---|---|---|---|---|---|
| Hopewell city | +2.2% | +125.1% | +183.6% | 36 | 1.5 | 2025 |
| Northampton County | −0.1% | +116.9% | +260.2% | 177 | 14.9 | 2025 |
| Charlotte County | +37.6% | +116.8% | — | 36 | 3.2 | 2025 |
| Petersburg city | +3.4% | +115.2% | +167.2% | 116 | 3.4 | 2025 |
| Richmond city | +2.3% | +106.4% | +258.5% | 3,159 | 13.3 | 2025 |
| Buckingham County | +4.3% | +103.2% | — | 89 | 5.2 | 2025 |
| Colonial Heights city | +4.7% | +102.4% | +174.8% | 9 | 0.5 | 2025 |
| Staunton city | +8.1% | +98.4% | +199.5% | 110 | 4.1 | 2025 |
| Galax city | +0.4% | +97.1% | +145.7% | 5 | 0.7 | 2025 |
| Henrico County | +4.9% | +96.3% | +198.1% | 1,908 | 5.6 | 2025 |
| Chesterfield County | +2.8% | +95.9% | +190.8% | 3,144 | 7.9 | 2025 |
| Caroline County | +6.5% | +93.8% | +182.4% | 257 | 7.5 | 2025 |
| Roanoke city | +4.7% | +93.2% | +170.0% | 299 | 3.0 | 2025 |
| Waynesboro city | +4.8% | +91.0% | +179.5% | 437 | 18.2 | 2025 |
| Bristol city | +1.0% | +90.4% | +164.2% | 10 | 0.6 | 2025 |
| Page County | +5.1% | +90.3% | +196.3% | 153 | 6.4 | 2025 |
| Cumberland County | +7.8% | +90.1% | +149.1% | 82 | 7.9 | 2025 |
| Sussex County | +11.8% | +89.8% | +166.6% | 42 | 3.9 | 2025 |
| Louisa County | +6.0% | +89.3% | +187.9% | 337 | 7.9 | 2025 |
| Powhatan County | +4.3% | +87.9% | +179.0% | 124 | 3.8 | 2025 |
| Winchester city | +6.2% | +87.1% | +201.7% | 306 | 10.8 | 2025 |
| Amelia County | +3.6% | +86.9% | +181.9% | 89 | 6.5 | 2025 |
| Franklin County | +6.2% | +86.8% | +172.5% | 139 | 2.5 | 2025 |
| Warren County | +4.6% | +86.8% | +205.0% | 147 | 3.4 | 2025 |
| Lynchburg city | +2.4% | +86.7% | +162.4% | 252 | 3.1 | 2025 |
| Charlottesville city | −0.5% | +86.3% | +261.5% | 120 | 2.7 | 2025 |
| Carroll County | +7.7% | +85.9% | +148.9% | 75 | 2.6 | 2025 |
| Dinwiddie County | +4.5% | +85.7% | +164.2% | 88 | 3.0 | 2025 |
| Henry County | +9.0% | +85.2% | +109.3% | 34 | 0.7 | 2025 |
| Southampton County | +16.3% | +85.2% | +175.0% | 54 | 3.0 | 2025 |
| Madison County | +5.3% | +84.6% | +155.5% | 45 | 3.2 | 2025 |
| Manassas Park city | +4.7% | +84.5% | +253.9% | 69 | 4.2 | 2025 |
| King William County | +5.5% | +84.2% | +160.2% | 161 | 8.2 | 2025 |
| Prince George County | +5.8% | +83.7% | +160.9% | 118 | 2.7 | 2025 |
| Portsmouth city | +3.9% | +83.7% | +195.1% | 162 | 1.7 | 2025 |
| Danville city | +12.0% | +83.1% | +114.5% | 16 | 0.4 | 2025 |
| Martinsville city | −0.7% | +83.1% | +96.0% | 38 | 2.7 | 2025 |
| Spotsylvania County | +1.1% | +82.6% | +201.8% | 630 | 4.1 | 2025 |
| Washington County | +1.5% | +82.6% | +152.3% | 154 | 2.9 | 2025 |
| Accomack County | +3.9% | +82.2% | +204.4% | 151 | 4.5 | 2025 |
| Mathews County | +16.3% | +82.1% | — | 25 | 2.9 | 2025 |
| Buena Vista city | −6.0% | +82.0% | +116.6% | 4 | 0.6 | 2025 |
| Pulaski County | +7.0% | +81.9% | +138.6% | 51 | 1.5 | 2025 |
| Roanoke County | +4.5% | +81.9% | +144.9% | 174 | 1.8 | 2025 |
| Shenandoah County | +2.8% | +81.7% | +176.5% | 181 | 3.9 | 2025 |
| Frederick County | +4.5% | +81.4% | +174.7% | 670 | 6.7 | 2025 |
| Pittsylvania County | +4.4% | +81.4% | +125.4% | 71 | 1.2 | 2025 |
| Clarke County | +7.9% | +81.1% | +193.6% | 20 | 1.3 | 2025 |
| Suffolk city | +4.0% | +80.8% | +190.3% | 647 | 6.2 | 2025 |
| Nelson County | +7.0% | +80.5% | +169.3% | 60 | 4.0 | 2025 |
| Campbell County | +5.3% | +80.4% | +156.1% | 253 | 4.5 | 2025 |
| Orange County | +4.7% | +80.1% | +181.0% | 253 | 6.3 | 2025 |
| Augusta County | +6.8% | +80.0% | +161.6% | 241 | 3.1 | 2025 |
| Covington city | — | +80.0% | — | 4 | 0.7 | 2025 |
| Lunenburg County | +1.7% | +79.9% | — | 26 | 2.2 | 2025 |
| Emporia city | — | +79.8% | +99.9% | 3 | 0.6 | 2025 |
| Charles City County | +11.0% | +79.6% | +163.6% | 40 | 6.0 | 2025 |
| Culpeper County | +6.5% | +79.6% | +185.1% | 274 | 4.8 | 2025 |
| Surry County | +17.1% | +79.4% | +172.2% | 39 | 5.9 | 2025 |
| Patrick County | −0.6% | +79.1% | +144.3% | 28 | 1.6 | 2025 |
| King and Queen County | +9.1% | +79.0% | — | 40 | 5.9 | 2025 |
| Hanover County | +3.6% | +78.8% | +153.7% | 350 | 3.0 | 2025 |
| Radford city | +3.1% | +78.5% | +146.3% | 14 | 0.8 | 2025 |
| Goochland County | +1.8% | +78.3% | +158.4% | 187 | 6.4 | 2025 |
| Richmond County | +16.8% | +78.2% | +128.1% | 23 | 2.5 | 2025 |
| Salem city | +3.2% | +77.8% | +140.3% | 56 | 2.2 | 2025 |
| Westmoreland County | −2.8% | +77.7% | +194.7% | 208 | 10.6 | 2025 |
| Stafford County | +4.4% | +77.0% | +199.8% | 621 | 3.6 | 2025 |
| Hampton city | +5.6% | +76.9% | +183.9% | 63 | 0.5 | 2025 |
| New Kent County | +2.9% | +76.8% | +157.0% | 197 | 7.0 | 2025 |
| Prince William County | +2.9% | +76.8% | +216.1% | 1,292 | 2.6 | 2025 |
| Botetourt County | +5.2% | +76.6% | +136.9% | 492 | 14.4 | 2025 |
| Giles County | +6.9% | +76.6% | +160.1% | 19 | 1.1 | 2025 |
| King George County | +6.3% | +76.6% | +186.3% | 113 | 3.8 | 2025 |
| Albemarle County | +5.5% | +76.0% | +186.0% | 744 | 6.3 | 2025 |
| Fauquier County | +6.6% | +76.0% | +187.0% | 446 | 5.8 | 2025 |
| Loudoun County | +4.3% | +75.9% | +208.0% | 2,273 | 5.1 | 2025 |
| Manassas city | +5.4% | +75.2% | +202.5% | 83 | 1.9 | 2025 |
| Mecklenburg County | +2.5% | +75.1% | +139.7% | 156 | 5.1 | 2025 |
| Scott County | −7.2% | +74.9% | — | 27 | 1.3 | 2025 |
| Appomattox County | +0.3% | +74.7% | — | 71 | 4.1 | 2025 |
| Northumberland County | +0.9% | +74.1% | +170.3% | 67 | 5.3 | 2025 |
| Floyd County | +5.8% | +73.8% | +152.3% | 67 | 4.2 | 2025 |
| Bedford County | +3.6% | +73.2% | +146.0% | 309 | 3.7 | 2025 |
| Smyth County | +6.5% | +73.0% | +127.6% | 12 | 0.4 | 2025 |
| Wythe County | +4.4% | +73.0% | +141.5% | 86 | 3.1 | 2025 |
| Fredericksburg city | +2.3% | +72.9% | +232.4% | 30 | 1.0 | 2025 |
| Montgomery County | +3.3% | +72.8% | +150.5% | 566 | 5.8 | 2025 |
| Greensville County | +11.0% | +72.7% | +122.2% | 18 | 1.6 | 2025 |
| Lexington city | +8.2% | +72.6% | +149.6% | 6 | 0.8 | 2025 |
| Greene County | +6.1% | +72.4% | +170.3% | 226 | 10.3 | 2025 |
| Brunswick County | −8.7% | +72.3% | +127.4% | 36 | 2.3 | 2025 |
| Gloucester County | +6.0% | +72.3% | +180.9% | 164 | 4.1 | 2025 |
| Newport News city | +3.6% | +71.5% | +176.4% | 91 | 0.5 | 2025 |
| James City County | +3.7% | +71.3% | +174.4% | 297 | 3.6 | 2025 |
| Harrisonburg city | +3.9% | +71.1% | +162.0% | 144 | 2.8 | 2025 |
| Virginia Beach city | +5.2% | +71.0% | +220.0% | 615 | 1.4 | 2025 |
| Rockingham County | +4.8% | +70.4% | +156.6% | 753 | 8.4 | 2025 |
| Nottoway County | +11.7% | +70.2% | +136.6% | 43 | 2.7 | 2025 |
| Halifax County | +4.8% | +70.0% | +121.1% | 102 | 3.0 | 2025 |
| Norfolk city | +4.9% | +69.7% | +201.0% | 477 | 2.1 | 2025 |
| Chesapeake city | +3.5% | +69.6% | +201.1% | 1,479 | 5.8 | 2025 |
| Grayson County | +6.0% | +69.5% | +142.9% | 31 | 2.0 | 2025 |
| Fluvanna County | −0.8% | +69.3% | +139.8% | 176 | 6.1 | 2025 |
| Amherst County | +1.4% | +68.9% | +138.8% | 101 | 3.2 | 2025 |
| Lancaster County | +3.0% | +68.7% | +155.2% | 89 | 8.1 | 2025 |
| Isle of Wight County | +4.8% | +65.8% | +164.1% | 322 | 7.8 | 2025 |
| Middlesex County | +0.5% | +65.5% | — | 64 | 5.9 | 2025 |
| Rappahannock County | +4.7% | +64.3% | +207.4% | 31 | 4.2 | 2025 |
| Essex County | +1.3% | +63.7% | +133.6% | 41 | 3.8 | 2025 |
| Alleghany County | +3.8% | +63.6% | +127.7% | 13 | 0.9 | 2025 |
| Prince Edward County | +2.7% | +63.5% | +131.5% | 41 | 1.8 | 2025 |
| Craig County | — | +61.8% | — | 21 | 4.4 | 2025 |
| Williamsburg city | −8.4% | +61.5% | +165.6% | 38 | 2.4 | 2025 |
| Poquoson city | +4.6% | +60.8% | +160.8% | 72 | 5.4 | 2025 |
| Fairfax city | +4.0% | +59.9% | +239.6% | 22 | 0.8 | 2025 |
| Franklin city | −1.7% | +59.5% | +104.9% | 0 | 0.0 | 2025 |
| Bath County | — | +58.4% | — | 19 | 4.7 | 2024 |
| Falls Church city | +11.8% | +57.5% | +282.7% | 15 | 1.0 | 2025 |
| York County | +7.8% | +57.4% | +173.3% | 217 | 3.0 | 2025 |
| Fairfax County | +2.1% | +54.5% | +219.7% | 3,280 | 2.8 | 2025 |
| Rockbridge County | +5.2% | +51.9% | +110.0% | 88 | 3.9 | 2025 |
| Russell County | +9.5% | +50.6% | — | 14 | 0.6 | 2025 |
| Tazewell County | +6.9% | +45.4% | +85.0% | 10 | 0.3 | 2025 |
| Alexandria city | +1.0% | +44.1% | +248.7% | 1,197 | 7.5 | 2025 |
| Arlington County | +1.4% | +44.0% | +253.7% | 1,985 | 8.1 | 2025 |
| Wise County | −1.3% | +39.1% | +113.2% | 50 | 1.4 | 2025 |
| Bland County | — | +33.4% | — | 9 | 1.5 | 2025 |
| Buchanan County | +13.6% | — | — | 11 | 0.6 | 2021 |
Metro and micropolitan areas
Areas with any county in Virginia; multi-state areas appear under each of their states.
| Area | Type | 1 year | 10 years | Year to 2026 Q2 | Units, 12 months |
|---|---|---|---|---|---|
| Kingsport-Bristol, TN-VA | Metro | +1.5% | +97.8% | +3.0% | 909 |
| Richmond, VA | Metro | +3.4% | +93.8% | +3.4% | 9,808 |
| Staunton-Stuarts Draft, VA | Metro | +6.5% | +86.8% | +7.5% | 788 |
| Martinsville, VA | Micro | +7.0% | +84.7% | — | 72 |
| Roanoke, VA | Metro | +4.7% | +84.7% | +3.3% | 1,181 |
| Winchester, VA-WV | Metro | +5.1% | +82.4% | +6.7% | 1,129 |
| Danville, VA | Micro | +7.7% | +81.6% | — | 87 |
| Lake of the Woods, VA | Micro | +4.7% | +80.1% | — | 253 |
| Lynchburg, VA | Metro | +3.3% | +78.1% | +4.7% | 986 |
| Charlottesville, VA | Metro | +3.3% | +77.8% | +3.0% | 1,326 |
| Blacksburg-Christiansburg-Radford, VA | Metro | +4.0% | +74.8% | +5.7% | 717 |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | Metro | +4.7% | +71.1% | +3.6% | 5,273 |
| Harrisonburg, VA | Metro | +4.5% | +70.3% | +4.5% | 897 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | Metro | +2.1% | +58.0% | — | 21,783 |
| Bluefield, WV-VA | Micro | +3.0% | +49.7% | — | 20 |
Building permits
Housing units authorised in Virginia by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in Virginia by year, 1995–2025single-family2+ unit buildings
Single-family share of the latest 12 months: 55% (63% nationally). Since 1995: 1,220,502 units.
Year by year
Each year's index change and permits, with every county's figures for that year.
| Year | Virginia index | US index | Units permitted | Single-family |
|---|---|---|---|---|
| 2025 | +3.7% | +2.8% | 33,094 | 20,458 |
| 2024 | +6.5% | +4.9% | 34,059 | 22,796 |
| 2023 | +7.8% | +5.7% | 36,096 | 21,321 |
| 2022 | +14.0% | +15.5% | 39,701 | 21,130 |
| 2021 | +9.6% | +11.6% | 39,388 | 25,118 |
| 2020 | +3.3% | +3.0% | 33,813 | 24,238 |
| 2019 | +3.9% | +4.2% | 32,418 | 21,056 |
| 2018 | +3.6% | +5.7% | 31,977 | 21,427 |
| 2017 | +3.2% | +5.4% | 33,760 | 22,497 |
| 2016 | +2.2% | +5.3% | 31,132 | 21,614 |
| 2015 | +2.4% | +4.4% | 28,469 | 19,865 |
| 2014 | +3.0% | +6.2% | 28,682 | 18,834 |
| 2013 | +1.2% | +3.4% | 31,944 | 20,895 |
| 2012 | −1.2% | −1.8% | 27,278 | 17,496 |
| 2011 | −2.9% | −4.4% | 23,297 | 15,625 |
| 2010 | −4.3% | −5.1% | 20,992 | 16,149 |
| 2009 | −6.7% | −7.5% | 21,452 | 16,268 |
| 2008 | −4.6% | −4.5% | 27,577 | 19,939 |
| 2007 | +1.6% | +0.6% | 38,362 | 30,944 |
| 2006 | +10.3% | +6.6% | 47,704 | 38,977 |
| 2005 | +20.1% | +12.4% | 61,518 | 49,959 |
| 2004 | +14.2% | +9.2% | 63,220 | 48,990 |
| 2003 | +5.7% | +4.5% | 55,936 | 46,263 |
| 2002 | +7.8% | +5.4% | 59,445 | 45,711 |
| 2001 | +8.1% | +6.7% | 52,860 | 41,681 |
| 2000 | +8.2% | +8.3% | 48,402 | 39,756 |
| 1999 | +4.3% | +4.3% | 53,151 | 42,069 |
| 1998 | +2.0% | +3.7% | 50,204 | 39,967 |
| 1997 | +2.1% | +3.8% | 45,523 | 35,877 |
| 1996 | +1.8% | +3.2% | 45,919 | 35,163 |
| 1995 | +1.4% | +3.7% | 43,129 | 34,677 |
Cities issuing the most permits
Housing units authorised in the 12 months to August 2026; every place is listed on its county page.
- Fairfax County Unincorporated Area 3,216
- Richmond 3,159
- Chesterfield County 3,144
- Loudoun County Unincorporated Area 2,220
- Arlington County 1,985
- Henrico County 1,908
- Chesapeake 1,479
- Prince William County Unincorporated Area 1,278
- Alexandria 1,197
- Rockingham County 753
- Albemarle County 744
- Frederick County 670
- Suffolk 647
- Spotsylvania County 630
- Stafford County 621
- Virginia Beach 615
- Botetourt County 492
- Norfolk 477
- Waynesboro 437
- Fauquier County Unincorporated Area 391
- Hanover County 350
- Louisa County 337
- Isle of Wight County 322
- Bedford County 309
- Winchester 306
- Roanoke 299
- James City County 297
- Culpeper County 274
- Caroline County 257
- Campbell County 253
- Orange County 253
- Lynchburg 252
- Christiansburg town 246
- Augusta County 241
- Greene County 226
- York County 217
- Westmoreland County 208
- Montgomery County Unincorporated Area 203
- New Kent County 197
- Goochland County 187
Questions and answers
How much have home values in Virginia risen over 10 years?
The FHFA index rose +74.6% between 2015 and 2025, +5.7% a year; over 20 years +70.8% and since 2000 +188.6%. Nationally: +85.0%, +79.1% and +158.3%.
Which Virginia counties rose most over 10 years?
Hopewell city (+125.1%), Northampton County (+116.9%) and Charlotte County (+116.8%), by FHFA's annual county index to 2025.
What happened to Virginia home prices in 2008?
The state index peaked in 2007, fell −18.4% to 2012 and regained its peak in 2020.
How many homes are being built in Virginia?
37,520 units were authorised in the 12 months to August 2026: 20,665 single-family and 16,855 in multi-unit buildings, 4.2 per 1,000 residents.
Where does this data come from?
FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.