HPI (2025)FHFA
289
State Series · South Region
Home Price History in Virginia
FHFA all-transactions House Price Index for the state of Virginia — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+3.7%
5-yr changeFHFA
+49%
Since 2000FHFA
+189%
Virginia's FHFA all-transactions House Price Index runs from 1975 through 2025. The state-level HPI, rebased to 100 in 2000, stood at 288.6 at the latest reading. Cumulative nominal appreciation since 2000: +188.6%.
The 2007–2011 housing crisis cut the Virginia HPI by 18.4% peak-to-trough — from 189.4 in 2007 to 154.6 in 2012. The U.S. national HPI fell roughly 21% over the same window, so Virginia's drawdown was in line with the national average.
The pandemic-era surge brought Virginia's HPI from 187.8 in 2019 to 288.6 in 2025 — a +53.7% cumulative gain in 6 years, running above the national pace.
Virginia sits in the South census region of the United States. Long-run state-level home-price appreciation reflects regional employment patterns, in-migration flows, and supply constraints. State-level FHFA series can mask significant intra-state divergence — see the linked metro pages below for sub-state breakdowns where available.
Metros in Virginia covered by The Housing Almanac:
- Virginia Beach–Norfolk (national rank #37)
- Richmond (national rank #44)
For the U.S. national context, see the national median price history or browse all 50 states.
Annual data — Virginia
FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.
| Year | HPI (2000=100) | YoY change |
|---|---|---|
| 2025 | 288.59 | +3.72% |
| 2024 | 278.24 | +6.53% |
| 2023 | 261.18 | +7.80% |
| 2022 | 242.28 | +13.95% |
| 2021 | 212.62 | +9.58% |
| 2020 | 194.04 | +3.34% |
| 2019 | 187.76 | +3.93% |
| 2018 | 180.66 | +3.65% |
| 2017 | 174.30 | +3.16% |
| 2016 | 168.96 | +2.24% |
| 2015 | 165.26 | +2.45% |
| 2014 | 161.31 | +3.04% |
| 2013 | 156.55 | +1.24% |
| 2012 | 154.64 | -1.20% |
| 2011 | 156.52 | -2.93% |
| 2010 | 161.25 | -4.31% |
| 2009 | 168.52 | -6.72% |
| 2008 | 180.66 | -4.63% |
| 2007 | 189.44 | +1.63% |
| 2006 | 186.41 | +10.33% |
| 2005 | 168.95 | +20.10% |
| 2004 | 140.68 | +14.17% |
| 2003 | 123.22 | +5.73% |
| 2002 | 116.54 | +7.76% |
| 2001 | 108.15 | +8.15% |
| 2000 | 100.00 | +8.23% |
| 1999 | 92.40 | +4.28% |
| 1998 | 88.61 | +2.05% |
| 1997 | 86.83 | +2.04% |
| 1996 | 85.09 | +1.76% |
| 1995 | 83.62 | +1.41% |
| 1994 | 82.46 | +0.73% |
| 1993 | 81.86 | +0.17% |
| 1992 | 81.72 | +0.84% |
| 1991 | 81.04 | -0.54% |
| 1990 | 81.48 | +0.98% |
| 1989 | 80.69 | +8.19% |
| 1988 | 74.58 | +14.05% |
| 1987 | 65.39 | +8.26% |
| 1986 | 60.40 | +4.75% |
| 1985 | 57.66 | +5.59% |
| 1984 | 54.61 | +4.92% |
| 1983 | 52.05 | +11.08% |
| 1982 | 46.86 | -0.38% |
| 1981 | 47.04 | +4.49% |
| 1980 | 45.02 | +11.57% |
| 1979 | 40.35 | +9.32% |
| 1978 | 36.91 | +11.95% |
| 1977 | 32.97 | +8.88% |
| 1976 | 30.28 | +3.56% |
| 1975 | 29.24 | — |
Methodology
The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is calibrated to the South census region and rebased to 100 in the year 2000.