Virginia Beach-Chesapeake-Norfolk, VA-NC
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 2026-10-31
All metro areas · this area is norfolk 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 +19.4%
nominal +38.2%
Ten years
Ten years real +39.6%
nominal +82.4%
Twenty-five years
Twenty-five years real +80.3%
nominal +219.4%
Since 2000
Since 2000 real +88.4%
nominal +243.2%
2007 to 2012
crash, real −33.2%
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 | 425.9 | 425.9 | real year on year +4.4% |
| 2025 Q4 | 408.0 | 408.0 | real year on year +1.3% |
| 2024 Q4 | 402.7 | 402.7 | real year on year +4.9% |
| 2023 Q4 | 372.9 | 383.9 | real year on year +1.9% |
| 2022 Q4 | 351.6 | 376.9 | real year on year +0.9% |
| 2021 Q4 | 322.7 | 373.6 | real year on year +8.4% |
| 2020 Q4 | 284.4 | 344.8 | real year on year +9.5% |
| 2019 Q4 | 256.6 | 314.8 | real year on year +2.8% |
| 2018 Q4 | 245.2 | 306.4 | real year on year +1.4% |
| 2017 Q4 | 236.2 | 302.2 | real year on year −0.5% |
| 2016 Q4 | 232.4 | 303.8 | real year on year +1.7% |
| 2015 Q4 | 225.7 | 298.7 | real year on year +2.7% |
| 2014 Q4 | 219.5 | 290.8 | real year on year +1.6% |
| 2013 Q4 | 212.6 | 286.2 | real year on year −2.4% |
| 2012 Q4 | 214.6 | 293.1 | real year on year +0.6% |
| 2011 Q4 | 209.0 | 291.4 | real year on year −6.8% |
| 2010 Q4 | 217.4 | 312.8 | real year on year −7.7% |
| 2009 Q4 | 231.8 | 338.9 | real year on year −3.6% |
| 2008 Q4 | 241.4 | 351.7 | real year on year −11.6% |
| 2007 Q4 | 263.1 | 398.0 | real year on year −4.7% |
| 2006 Q4 | 268.4 | 417.6 | real year on year +3.4% |
| 2005 Q4 | 251.4 | 403.8 | real year on year +17.1% |
| 2004 Q4 | 207.7 | 344.9 | real year on year +16.9% |
| 2003 Q4 | 173.0 | 295.1 | real year on year +11.6% |
| 2002 Q4 | 151.6 | 264.4 | real year on year +8.3% |
| 2001 Q4 | 137.8 | 244.1 | real year on year +4.0% |
| 2000 Q4 | 128.8 | 234.7 | real year on year +3.1% |
| 1999 Q4 | 120.9 | 227.7 | real year on year +0.7% |
| 1998 Q4 | 117.5 | 226.0 | real year on year +2.2% |
| 1997 Q4 | 113.1 | 221.1 | real year on year +0.4% |
| 1996 Q4 | 110.0 | 220.1 | real year on year −0.7% |
| 1995 Q4 | 107.7 | 221.6 | real year on year −2.9% |
| 1994 Q4 | 107.8 | 228.2 | real year on year +0.8% |
| 1993 Q4 | 104.2 | 226.4 | real year on year −1.1% |
| 1992 Q4 | 102.4 | 228.9 | real year on year +0.4% |
| 1991 Q4 | 99.0 | 228.0 | — |
2026 Q2426 · real 426real year on year +4.4%
2025 Q4408 · real 408real year on year +1.3%
2024 Q4403 · real 403real year on year +4.9%
2023 Q4373 · real 384real year on year +1.9%
2022 Q4352 · real 377real year on year +0.9%
2021 Q4323 · real 374real year on year +8.4%
2020 Q4284 · real 345real year on year +9.5%
2019 Q4257 · real 315real year on year +2.8%
2018 Q4245 · real 306real year on year +1.4%
2017 Q4236 · real 302real year on year −0.5%
2016 Q4232 · real 304real year on year +1.7%
2015 Q4226 · real 299real year on year +2.7%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 47260. Real terms by the World Bank's US consumer price index, annual.