Richmond, VA
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is richmond on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real +1.8%
nominal +1.8%
Five years
Five years real +18.5%
nominal +37.2%
Ten years
Ten years real +55.4%
nominal +103.1%
Twenty-five years
Twenty-five years real +84.8%
nominal +227.4%
Since 2000
Since 2000 real +96.6%
nominal +258.1%
2007 to 2012
crash, real −32.3%
2007Q2 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 460.0 | 460.0 | real year on year +4.1% |
| 2025 Q4 | 442.0 | 442.0 | real year on year +5.5% |
| 2024 Q4 | 419.0 | 419.0 | real year on year −0.0% |
| 2023 Q4 | 407.1 | 419.1 | real year on year +4.1% |
| 2022 Q4 | 375.7 | 402.7 | real year on year +1.5% |
| 2021 Q4 | 342.9 | 396.9 | real year on year +8.8% |
| 2020 Q4 | 300.9 | 364.7 | real year on year +9.4% |
| 2019 Q4 | 271.7 | 333.4 | real year on year +3.9% |
| 2018 Q4 | 256.8 | 320.9 | real year on year +3.1% |
| 2017 Q4 | 243.2 | 311.3 | real year on year +3.9% |
| 2016 Q4 | 229.2 | 299.6 | real year on year +3.2% |
| 2015 Q4 | 219.3 | 290.2 | real year on year +5.1% |
| 2014 Q4 | 208.4 | 276.1 | real year on year +3.7% |
| 2013 Q4 | 197.7 | 266.2 | real year on year +1.8% |
| 2012 Q4 | 191.4 | 261.6 | real year on year +2.1% |
| 2011 Q4 | 183.8 | 256.3 | real year on year −5.5% |
| 2010 Q4 | 188.4 | 271.1 | real year on year −9.7% |
| 2009 Q4 | 205.3 | 300.1 | real year on year −3.9% |
| 2008 Q4 | 214.2 | 312.1 | real year on year −10.7% |
| 2007 Q4 | 231.0 | 349.5 | real year on year −3.3% |
| 2006 Q4 | 232.4 | 361.6 | real year on year +3.6% |
| 2005 Q4 | 217.2 | 348.9 | real year on year +11.0% |
| 2004 Q4 | 189.2 | 314.2 | real year on year +9.5% |
| 2003 Q4 | 168.3 | 287.0 | real year on year +6.4% |
| 2002 Q4 | 154.7 | 269.8 | real year on year +6.6% |
| 2001 Q4 | 142.8 | 253.0 | real year on year +3.7% |
| 2000 Q4 | 133.9 | 243.9 | real year on year +1.6% |
| 1999 Q4 | 127.4 | 240.0 | real year on year +2.8% |
| 1998 Q4 | 121.3 | 233.5 | real year on year +2.5% |
| 1997 Q4 | 116.5 | 227.7 | real year on year +0.6% |
| 1996 Q4 | 113.2 | 226.3 | real year on year −1.0% |
| 1995 Q4 | 111.0 | 228.5 | real year on year −0.3% |
| 1994 Q4 | 108.3 | 229.2 | real year on year −0.4% |
| 1993 Q4 | 106.0 | 230.2 | real year on year −1.2% |
| 1992 Q4 | 104.2 | 232.8 | real year on year −1.5% |
| 1991 Q4 | 102.6 | 236.3 | — |
2026 Q2460 · real 460real year on year +4.1%
2025 Q4442 · real 442real year on year +5.5%
2024 Q4419 · real 419real year on year −0.0%
2023 Q4407 · real 419real year on year +4.1%
2022 Q4376 · real 403real year on year +1.5%
2021 Q4343 · real 397real year on year +8.8%
2020 Q4301 · real 365real year on year +9.4%
2019 Q4272 · real 333real year on year +3.9%
2018 Q4257 · real 321real year on year +3.1%
2017 Q4243 · real 311real year on year +3.9%
2016 Q4229 · real 300real year on year +3.2%
2015 Q4219 · real 290real year on year +5.1%
Show all 36 years
2014 Q4208 · real 276real year on year +3.7%
2013 Q4198 · real 266real year on year +1.8%
2012 Q4191 · real 262real year on year +2.1%
2011 Q4184 · real 256real year on year −5.5%
2010 Q4188 · real 271real year on year −9.7%
2009 Q4205 · real 300real year on year −3.9%
2008 Q4214 · real 312real year on year −10.7%
2007 Q4231 · real 349real year on year −3.3%
2006 Q4232 · real 362real year on year +3.6%
2005 Q4217 · real 349real year on year +11.0%
2004 Q4189 · real 314real year on year +9.5%
2003 Q4168 · real 287real year on year +6.4%
2002 Q4155 · real 270real year on year +6.6%
2001 Q4143 · real 253real year on year +3.7%
2000 Q4134 · real 244real year on year +1.6%
1999 Q4127 · real 240real year on year +2.8%
1998 Q4121 · real 233real year on year +2.5%
1997 Q4117 · real 228real year on year +0.6%
1996 Q4113 · real 226real year on year −1.0%
1995 Q4111 · real 229real year on year −0.3%
1994 Q4108 · real 229real year on year −0.4%
1993 Q4106 · real 230real year on year −1.2%
1992 Q4104 · real 233real year on year −1.5%
1991 Q4103 · real 236—
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 40060. Real terms by the World Bank's US consumer price index, annual.