Charlottesville, VA 22901 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Charlottesville, VA—22901

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$507,000

1.6% YoY Growth

Household Income

$91,200

30.1% YoY Growth

Days on Market

64

41.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,700

2.0% YoY Growth

1-Bed Rent

$1,500

8.0% YoY Growth

2-Bed Rent

$1,650

3.6% YoY Growth

3-Bed Rent

$2,300

5.9% YoY Growth

Other Zip Codes in Charlottesville, VA

22903 22902 22911

Home Price Trends — Charlottesville, VA

As of Nov '25, the median home price in Charlottesville, VA is $507,000, with a year-over-year change of 1.6%. This indicates that home prices in Charlottesville, VA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$507,000	1.6%
Single Family	$555,000	1.5%
Condos	$208,000	3.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Charlottesville, VA

As of July '25, Rentcast reports the average rent in Charlottesville, VA is $1,990, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Charlottesville, VA is studios: $1,910, 1-bedrooms: $1,480, 2-bedrooms: $1,720, 3-bedrooms: $2,230, 4-bedrooms: $3,420. The most common rental property sizes in Charlottesville, VA are 2-bedroom and 1-bedroom, accounting for 44.6% and 22.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,990
Studio Rent	$1,600	$1,910
1 Bed Rent	$1,500	$1,480
2 Bed Rent	$1,650	$1,720
3 Bed Rent	$2,300	$2,230
4 Bed Rent	$2,850	$3,420

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% of Rental Stock

Studio

5.0%

1 Bedroom

22.6%

2 Bedrooms

44.6%

3 Bedrooms

21.8%

4 Bedrooms

4.0%

5+ Bedrooms

1.9%

Property Listings — Charlottesville, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Charlottesville, VA is 64. This is a increase of 41.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$620,000	-2.0%
Listing Count	191	51.0%
Listings as % of Homes	0.7%	51.0%
Days on Market	64	41.0%

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Demographics — Charlottesville, VA

As of the latest ACS Survey released in 2023, Charlottesville, VA has a population of 36,900, which has increased by 5.2% over the past 5 years. Charlottesville, VA is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 60.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	36,900	5.2%
% Under 18	20.0%	-2.9%
% Seniors	22.7%	24.0%
% WFH	20.2%	248.3%
% w/ College Degree	60.6%	9.6%

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As of the latest ACS Survey released in 2023, Charlottesville, VA is a predominantly white area, with 69.8% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Charlottesville, VA is black, making up 12.4% of the population. Foreign-born residents account for 12.2% of the population in Charlottesville, VA, and this percentage has increased by 1.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	69.8%	-4.0%
% Black	12.4%	-11.4%
% Hispanic	8.9%	34.8%
% Asian	4.8%	2.1%
% Foreign Born	12.2%	1.7%

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Mortgage and Risk — Charlottesville, VA

According to HUD data as of 2023, there were 528 mortgage originations in Charlottesville, VA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Charlottesville, VA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	528
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	7.0%

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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 8.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Charlottesville, VA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	641
Total Units Section 8	618
% Rentals under Section 8	8.7%
% Occupied Section 8	77.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$20	$1,500	$1,520
2 Bedroom	$120	$1,650	$1,770
3 Bedroom	-$90	$2,300	$2,210
4 Bedroom	-$170	$2,850	$2,680