Charles City, VA—23030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Charles City, VA
As of Oct '25, the median home price in Charles City, VA is $272,000, with a year-over-year change of 0.5%. This indicates that home prices in Charles City, VA are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | 0.5% |
| Single Family | $272,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $186,000 | -1.6% |
3 Bed | $284,000 | 1.4% |
4 Bed | $376,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Charles City, VA
As of July '25, Rentcast reports the average rent in Charles City, VA is $1,260, with a year-over-year rent change of -37.0%. Per bedroom, the median rent as of July '25 in Charles City, VA is 2-bedrooms: $1,740, 3-bedrooms: $775. The most common rental property sizes in Charles City, VA are 3-bedroom and 2-bedroom, accounting for 40.6% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $775 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,740 | $1,740 |
| 3 Bed Rent | $775 | $775 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Charles City, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Charles City, VA is 65. This is a decrease of -18.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | 31.0% |
Listing Count | 11 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 65 | -18.0% |
Demographics — Charles City, VA
As of the latest ACS Survey released in 2023, Charles City, VA has a population of 4,380, which has decreased by -6.9% over the past 5 years. Charles City, VA is a less popular place for families, as children make up 11.9% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,380 | -6.9% |
% Under 18 | 11.9% | -20.7% |
% Seniors | 26.8% | 19.1% |
% WFH | 7.6% | 137.5% |
% w/ College Degree | 16.1% | 28.8% |
As of the latest ACS Survey released in 2023, Charles City, VA is a predominantly white area, with 45.4% of the population identifying as white. The white population has grown by 7.8% in the last 5 years. The second most common race or ethnicity in Charles City, VA is black, making up 40.7% of the population. Foreign-born residents account for 2.3% of the population in Charles City, VA, and this percentage has increased by 91.7% 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 | 45.4% | 7.8% |
% Black | 40.7% | -18.6% |
% Hispanic | 1.6% | 23.1% |
% Asian | 1.7% | 466.7% |
% Foreign Born | 2.3% | 91.7% |
Mortgage and Risk — Charles City, VA
According to HUD data as of 2023, there were 80 mortgage originations in Charles City, VA, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Charles City, VA. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Charles City, VA
Charles City, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | -$360 | $1,740 | $1,380 |
| 3 Bedroom | $995 | $775 | $1,770 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Charles City, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $272,000 |
| Median Household Income | $72,900 |