Home Value Trail

States › Virginia › 2008

State, one year

Virginia in 2008

Index change and building permits for the year, with every county.

In 2008 the FHFA house price index for Virginia changed −4.6%, against −4.5% for the United States and +1.6% in 2007.

27,577 housing units were authorised by building permits in the state that year (19,939 single-family), −28.1% on 2007; the national total was 905,359.

−4.6%Virginia index, 2007–2008US −4.5%
27,577housing units permitted in 200819,939 single-family
39 of 124counties with a rising indexmedian county −1.3%
905,359units permitted nationally in 2008
← 2007Virginia overview2009 →

Counties in 2008

Ranked by the county index change from 2007 to 2008 (FHFA annual county index). Permits are units authorised in 2008; per 1,000 uses the vintage 2025 population.

CountyIndex change 2008Units permittedSingle-familyPer 1,000
Covington city+8.8%220.4
Charlotte County+5.4%36363.2
Carroll County+4.9%82822.8
Radford city+3.5%19131.1
Galax city+3.1%10101.5
Grayson County+3.0%49493.2
Northumberland County+2.6%82826.5
Lexington city+2.5%330.4
Floyd County+2.1%88885.6
Essex County+1.9%63555.9
Amherst County+1.8%76682.4
Smyth County+1.8%43431.5
Lynchburg city+1.8%2492493.1
Wythe County+1.7%98983.5
Amelia County+1.5%60604.4
Mecklenburg County+1.5%1461464.7
Middlesex County+1.5%61595.6
Alleghany County+1.3%23231.6
Brunswick County+1.3%38382.4
New Kent County+1.3%2352358.4
Patrick County+1.3%77754.4
Rockbridge County+1.3%97934.3
Buena Vista city+1.2%11111.6
Salem city+1.2%53442.1
Dinwiddie County+1.1%1181184.1
Franklin County+1.0%2442444.4
Bedford County+0.7%2822823.4
Nottoway County+0.7%81815.1
Roanoke County+0.7%2942193.0
Greensville County+0.6%29292.6
Nelson County+0.6%77775.2
Washington County+0.6%2341404.3
Roanoke city+0.6%1401401.4
Montgomery County+0.5%8443288.6
Russell County+0.3%37341.5
Botetourt County+0.2%1041043.0
Campbell County+0.1%1951953.5
Surry County+0.1%58588.8
Staunton city+0.1%140485.2
Harrisonburg city−0.1%64118612.6
Petersburg city−0.1%41411.2
Appomattox County−0.2%93935.4
Pulaski County−0.2%138784.1
Rockingham County−0.2%3023023.4
Danville city−0.2%51511.2
Falls Church city−0.2%13130.9
Goochland County−0.4%98983.4
Powhatan County−0.4%1301304.0
Prince Edward County−0.5%77773.4
Sussex County−0.5%45454.2
York County−0.5%4021835.6
Charlottesville city−0.6%1931634.3
Poquoson city−0.6%26262.0
Richmond city−0.6%3582531.5
Pittsylvania County−0.7%101861.7
Southampton County−0.7%78744.3
Richmond County−0.8%44444.7
Tazewell County−0.9%55531.4
Hampton city−0.9%2451871.8
Hanover County−1.2%3703703.2
Northampton County−1.2%53534.5
Bristol city−1.2%2061.2
Fluvanna County−1.3%1101063.8
Halifax County−1.3%63631.9
Wise County−1.3%67621.9
Waynesboro city−1.3%38381.6
Giles County−1.4%43432.6
Gloucester County−1.4%1941944.8
Henrico County−1.4%8348342.4
Isle of Wight County−1.4%1461463.5
Henry County−1.5%59591.2
James City County−1.5%4134135.0
Williamsburg city−1.5%22221.4
Prince George County−1.6%1011012.3
Colonial Heights city−1.7%24241.3
Charles City County−1.8%30304.5
Chesterfield County−1.8%1,7288044.4
Newport News city−1.8%3951592.2
Mathews County−1.9%41414.8
Norfolk city−2.0%8212573.6
Portsmouth city−2.0%337953.5
Augusta County−2.2%2682383.4
Hopewell city−2.2%1091094.7
Virginia Beach city−2.3%7675011.7
Accomack County−2.4%1501504.4
Albemarle County−2.4%4323743.7
Franklin city−2.4%550.6
King and Queen County−2.7%50507.4
Suffolk city−2.9%3363323.2
King William County−3.0%1271276.5
Chesapeake city−3.0%8115893.2
Arlington County−3.4%1,1791194.8
Greene County−3.4%1011014.6
Page County−3.9%76763.2
Cumberland County−4.0%43414.2
Louisa County−4.1%3063067.1
Alexandria city−4.2%467652.9
Lancaster County−4.4%77757.0
Buckingham County−4.7%85855.0
Lunenburg County−4.9%38383.2
Martinsville city−5.1%11110.8
Emporia city−5.3%29245.3
Madison County−5.6%45453.2
Rappahannock County−6.3%32324.3
Shenandoah County−6.4%1471353.2
Westmoreland County−6.4%1351356.8
King George County−6.6%1501445.1
Orange County−6.8%1041042.6
Caroline County−8.0%1751755.1
Fredericksburg city−8.4%88882.9
Fairfax city−9.1%990.3
Warren County−10.2%1271273.0
Clarke County−10.3%44412.8
Culpeper County−10.5%1131132.0
Fairfax County−10.7%1,3858921.2
Frederick County−11.0%3223223.2
Winchester city−11.6%27271.0
Fauquier County−12.1%1051051.4
Spotsylvania County−13.6%1311310.8
Stafford County−14.4%4193712.5
Loudoun County−14.9%2,4571,4685.5
Manassas city−25.8%55551.2
Prince William County−26.1%2,1391,8874.3
Manassas Park city−45.9%000.0
Bath County—26266.4
Bland County—46447.5
Buchanan County—34181.8
Craig County—23234.8
Scott County—35351.7

Permits by year, 1995–2025

Housing units authorised in Virginia by year050,000100,0001995: 43,129 units (34,677 single-family, 8,452 in multi-unit buildings)19951996: 45,919 units (35,163 single-family, 10,756 in multi-unit buildings)1997: 45,523 units (35,877 single-family, 9,646 in multi-unit buildings)1998: 50,204 units (39,967 single-family, 10,237 in multi-unit buildings)1999: 53,151 units (42,069 single-family, 11,082 in multi-unit buildings)2000: 48,402 units (39,756 single-family, 8,646 in multi-unit buildings)20002001: 52,860 units (41,681 single-family, 11,179 in multi-unit buildings)2002: 59,445 units (45,711 single-family, 13,734 in multi-unit buildings)2003: 55,936 units (46,263 single-family, 9,673 in multi-unit buildings)2004: 63,220 units (48,990 single-family, 14,230 in multi-unit buildings)2005: 61,518 units (49,959 single-family, 11,559 in multi-unit buildings)20052006: 47,704 units (38,977 single-family, 8,727 in multi-unit buildings)2007: 38,362 units (30,944 single-family, 7,418 in multi-unit buildings)2008: 27,577 units (19,939 single-family, 7,638 in multi-unit buildings)2009: 21,452 units (16,268 single-family, 5,184 in multi-unit buildings)2010: 20,992 units (16,149 single-family, 4,843 in multi-unit buildings)20102011: 23,297 units (15,625 single-family, 7,672 in multi-unit buildings)2012: 27,278 units (17,496 single-family, 9,782 in multi-unit buildings)2013: 31,944 units (20,895 single-family, 11,049 in multi-unit buildings)2014: 28,682 units (18,834 single-family, 9,848 in multi-unit buildings)2015: 28,469 units (19,865 single-family, 8,604 in multi-unit buildings)20152016: 31,132 units (21,614 single-family, 9,518 in multi-unit buildings)2017: 33,760 units (22,497 single-family, 11,263 in multi-unit buildings)2018: 31,977 units (21,427 single-family, 10,550 in multi-unit buildings)2019: 32,418 units (21,056 single-family, 11,362 in multi-unit buildings)2020: 33,813 units (24,238 single-family, 9,575 in multi-unit buildings)20202021: 39,388 units (25,118 single-family, 14,270 in multi-unit buildings)2022: 39,701 units (21,130 single-family, 18,571 in multi-unit buildings)2023: 36,096 units (21,321 single-family, 14,775 in multi-unit buildings)2024: 34,059 units (22,796 single-family, 11,263 in multi-unit buildings)2025: 33,094 units (20,458 single-family, 12,636 in multi-unit buildings)2025

Housing units authorised in Virginia by yearsingle-family2+ unit buildings

Source: Federal Housing Finance Agency annual state and county house price indexes (updated March 31, 2026); Census Bureau Building Permits Survey annual state and county files. Public domain. Methodology.