All-Transactions House Price Index for Richmond, VA (MSA)
ATNHPIUS40060Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
378.33
Year-over-Year Change
26.01%
Date Range
1/1/1976 - 1/1/2025
Summary
The All-Transactions House Price Index for Richmond, VA (MSA) measures the change in home prices across the Richmond, Virginia metropolitan area. It is an important indicator of regional housing market trends and affordability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All-Transactions House Price Index tracks the average sale price of single-family homes, condos, and co-ops in the Richmond metropolitan statistical area. It is a key metric used by economists, policymakers, and real estate analysts to assess housing market dynamics and the cost of living in the region.
Methodology
The index is calculated by the Federal Housing Finance Agency using sales price data from real estate transactions.
Historical Context
The Richmond house price index is referenced by local officials, mortgage lenders, and real estate investors to inform housing and economic policies.
Key Facts
- The index uses 2000 as its base year of 100.
- Richmond home prices have increased over 60% since 2000.
- The index helps track affordability in the Richmond metro area.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Richmond, VA (MSA) measures the average sale price of single-family homes, condos, and co-ops in the Richmond metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of housing market conditions and affordability in the Richmond region, providing important context for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using sales price data from real estate transactions.
Q: How is this trend used in economic policy?
A: The Richmond house price index is referenced by local officials, mortgage lenders, and real estate investors to inform housing and economic policies in the region.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag, so there may be a delay in reflecting the most recent housing market conditions.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Richmond, VA (MSA) (ATNHPIUS40060Q), retrieved from FRED.