Charlottesville
Virginia · Ranked #200 of 373 metros
73Affordable
💡
Housing in Charlottesville costs 4.67× the median income, above the national average of 4.5×. The median home price is $431K and median rent is $1,540/month. Charlottesville ranks #200 of 373 metros for affordability.
Median Home Price
🏠$431K
Need $127K income
Median Rent
🔑$1,540
Need $62K income
Building Permits
🔨1,267
annual
Median Income
💰$92K
Pop: 234,498
Rent Burden
⚠️25.7%
of renters paying >30%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Charlottesville | National |
|---|---|---|
| Price-to-Income Ratio | 4.67x | 6.1x |
| Rent Burden | 25.7% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +57%Since 2000: +220.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,421/mo
1 Bedroom$1,602/mo
2 Bedroom$1,824/mo
3 Bedroom$2,218/mo
4 Bedroom$2,731/mo
Zillow Market Data
Home Value (ZHVI)
$457K
1yr: +0.6%5yr: +30.7%
Rent (ZORI)
$1,963/mo
1yr: +3.6%5yr: +36.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$306K
Active Inventory
73
Days on Market
42
Sold Above List
8.3%
Price Drops
16.4%