ZIP Code 22520 Housing Market
ZIP code 22520 is located in Richmond County, Virginia. Based on the FHFA House Price Index, the most recent annual HPI value is 243.2 (2000 = 100) , with a year-over-year change of -2.08% as of 2025.
📈 22520 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
ZIP 22520 in Richmond County, Virginia, exhibits a distinct deceleration in housing value appreciation, contrasting sharply with broader regional trends. The FHFA House Price Index for this ZIP code reached a peak of 250.16 in 2023 before declining to 243.21 in 2025. This trajectory indicates a year-over-year decrease of 2.08%, signaling a correction phase after the rapid expansion observed between 2021 and 2023. While the national 30-year mortgage rate stands at 7.40%, limiting demand elasticity, the local price adjustment suggests that inventory levels or buyer sentiment in this specific area are currently favoring sellers over previous years. The divergence between ZIP 22520 and its parent county is pronounced. While Richmond County recorded a robust year-over-year increase of 16.78%, and the state of Virginia grew by 3.03%, ZIP 22520 contracted. This negative divergence implies that the sub-market is experiencing unique localized pressures, distinct from the general county-wide boom. It is unlikely to be a luxury enclave, as the parent county’s median home value is $231,500, a figure consistent with mid-range or entry-level housing stock. With an owner-occupancy rate of 74.7% and a median household income of $66,304, the area functions as a stable, residential community rather than a high-end investment hub. For prospective buyers, ZIP 22520 presents a different risk-reward profile than its neighbors. While nearby ZIP 22572 shows a 17.01% year-over-year gain, aligning with the county’s growth, ZIP 22520’s 2.08% decline suggests a more balanced or slightly softened market. Residents should note that the median gross rent of $1,067 per month remains accessible relative to the median income. The current HPI level of 243.21, below the 2023 peak, may offer entry points for buyers seeking value in a market that has recently corrected from its highs, providing a potential opportunity for those prioritizing stability over rapid appreciation.
About This ZIP Code
ZIP code 22520 is one of the most active real estate sub-markets in Richmond County, Virginia. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Richmond County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Other Active ZIPs in Richmond County
| ZIP Code | HPI | YoY | Latest Year |
|---|---|---|---|
| 22572 | 211.0 | +17.01% | 2025 |
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.