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Charlottesville, VA—22911

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$523,000
0.5% YoY Growth
Household Income
$122,000
55.4% YoY Growth
Days on Market
48
5.0% Shorter YoY
Home Price Forecast
0.1%
Median Rent
$2,400
10.7% YoY Growth
1-Bed Rent
$1,680
26.4% YoY Growth
2-Bed Rent
$1,930
21.2% YoY Growth
3-Bed Rent
$2,440
5.4% YoY Growth

Other Zip Codes in Charlottesville, VA

229012290322902
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Charlottesville, VA

As of May '26, the median home price in Charlottesville, VA is $523,000, with a year-over-year change of 0.5%. This indicates that home prices in Charlottesville, VA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$523,0000.5%
Single Family $541,0000.4%
Condos $319,0001.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $241,000
    1.7%
    2 Bed
    		$333,0000.0%
    3 Bed
    		$454,0000.2%
    4 Bed
    		$622,0000.6%
    5 Bed $842,6302.1%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    4.7%
    2 Bedrooms
    18.0%
    3 Bedrooms
    39.4%
    4 Bedrooms
    28.0%
    5+ Bedrooms
    8.3%

    Rental Trends — Charlottesville, VA

    As of July '25, Rentcast reports the average rent in Charlottesville, VA is $2,490, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Charlottesville, VA is 1-bedrooms: $1,630, 2-bedrooms: $2,060, 3-bedrooms: $2,530, 4-bedrooms: $2,870. The most common rental property sizes in Charlottesville, VA are 2-bedroom and 3-bedroom, accounting for 41.1% and 28.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$2,490
    Studio Rent N/AN/A
    1 Bed Rent $1,680$1,630
    2 Bed Rent $1,930$2,060
    3 Bed Rent $2,440$2,530
    4 Bed Rent $2,650$2,870
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    % of Rental Stock

    Studio
    4.8%
    1 Bedroom
    14.4%
    2 Bedrooms
    41.1%
    3 Bedrooms
    28.0%
    4 Bedrooms
    10.4%
    5+ Bedrooms
    1.3%

    Property Listings — Charlottesville, VA

    As of May '26, Realtor.com reports that the median days on market for a home in Charlottesville, VA is 48. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$710,000-1.0%
    Listing Count
    		22225.0%
    Listings as % of Homes1.5%25.0%
    Days on Market
    		48-5.0%
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    Demographics — Charlottesville, VA

    As of the latest ACS Survey released in 2023, Charlottesville, VA has a population of 19,000, which has increased by 7.1% over the past 5 years. Charlottesville, VA is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 60.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,0007.1%
    % Under 18
    		22.2%-3.1%
    % Seniors
    		22.9%17.4%
    % WFH
    		20.3%290.4%
    % w/ College Degree
    		60.3%12.3%
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    As of the latest ACS Survey released in 2023, Charlottesville, VA is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Charlottesville, VA is black, making up 7.4% of the population. Foreign-born residents account for 10.5% of the population in Charlottesville, VA, and this percentage has decreased by 15.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		73.5%-6.4%
    % Black
    		7.4%-11.9%
    % Hispanic
    		5.7%-1.7%
    % Asian
    		6.8%30.8%
    % Foreign Born
    		10.5%-15.3%
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    Mortgage and Risk — Charlottesville, VA

    According to HUD data as of 2023, there were 498 mortgage originations in Charlottesville, VA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Charlottesville, VA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		498
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Charlottesville, VA

    As of 2024, the percent of homes in Charlottesville, VA under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Charlottesville, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		98
    Total Units Section 8
    		98
    % Rentals under Section 8
    		3.9%
    % Occupied Section 8
    		72.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$10$1,680$1,690
    2 Bedroom$40$1,930$1,970
    3 Bedroom$20$2,440$2,460
    4 Bedroom$340$2,650$2,990

    Affordability — Charlottesville, VA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$523,000
    Median Household Income$122,000

    Charlottesville, VA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions