Crozet, VA—22932
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crozet, VA
As of Oct '25, the median home price in Crozet, VA is $597,000, with a year-over-year change of 2.5%. This indicates that home prices in Crozet, VA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $597,000 | 2.5% |
| Single Family | $598,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $344,000 | 0.0% |
3 Bed | $496,000 | 2.1% |
4 Bed | $689,000 | 2.2% |
| 5 Bed | $940,000 | 2.6% |
% of Housing Stock
Rental Trends — Crozet, VA
As of July '25, Rentcast reports the average rent in Crozet, VA is $2,680, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Crozet, VA is studios: $1,190, 1-bedrooms: $1,700, 2-bedrooms: $2,020, 3-bedrooms: $2,690, 4-bedrooms: $3,120. The most common rental property sizes in Crozet, VA are 2-bedroom and 1-bedroom, accounting for 35.9% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,640 | $2,680 |
| Studio Rent | $950 | $1,190 |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $2,000 | $2,020 |
| 3 Bed Rent | $2,620 | $2,690 |
| 4 Bed Rent | $2,800 | $3,120 |
% of Rental Stock
Property Listings — Crozet, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Crozet, VA is 54. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $657,000 | 10.0% |
Listing Count | 91 | -8.0% |
| Listings as % of Homes | 2.3% | -8.0% |
Days on Market | 54 | 4.0% |
Demographics — Crozet, VA
As of the latest ACS Survey released in 2023, Crozet, VA has a population of 9,180, which has increased by 17.8% over the past 5 years. Crozet, VA is a popular place for families, as children make up 27.1% of the population. The area has a highly educated workforce, with 68.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,180 | 17.8% |
% Under 18 | 27.1% | -0.4% |
% Seniors | 18.7% | 18.4% |
% WFH | 27.3% | 78.4% |
% w/ College Degree | 68.7% | 15.5% |
As of the latest ACS Survey released in 2023, Crozet, VA is a predominantly white area, with 88.8% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Crozet, VA is hispanic, making up 3.4% of the population. Foreign-born residents account for 5.6% of the population in Crozet, VA, and this percentage has decreased by 5.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | 1.8% |
% Black | 2.0% | -58.3% |
% Hispanic | 3.4% | 6.2% |
% Asian | 2.8% | -20.0% |
% Foreign Born | 5.6% | -5.1% |
Mortgage and Risk — Crozet, VA
According to HUD data as of 2023, there were 400 mortgage originations in Crozet, VA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Crozet, VA. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 400 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Crozet, VA
As of 2024, the percent of homes in Crozet, VA under the Section 8 program is 10.4%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Crozet, VA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 78 |
Total Units Section 8 | 78 |
% Rentals under Section 8 | 10.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,700 | $1,750 |
| 2 Bedroom | $40 | $2,000 | $2,040 |
| 3 Bedroom | -$80 | $2,620 | $2,540 |
| 4 Bedroom | $290 | $2,800 | $3,090 |
Affordability — Crozet, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $597,000 |
| Median Household Income | $115,000 |