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Albemarle County Housing Market

Virginia · 133 counties · Ranked #3006 in home value

Above National Avg

Housing at a Glance

Median Home Value

$471,000

vs national+$471,000 vs $281,900 national

Median Gross Rent

$1,623/mo

vs national+$1,623 vs $1,163 national

Effective Tax Rate

0.74%

vs national0.74% vs 1.02% national

Median Household Income

$102,617

vs national+$102,617 vs $74,755 national

Affordability Ratio

4.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,482

Tax as % of Home Value

0.74%

Monthly Owner Cost

$1,611

Renter Income

$64,654

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Frequently Asked Questions

What is the median home value in Albemarle County?

The median home value in Albemarle County is $471,000. This is above the national median of $281,900.

How much is rent in Albemarle County?

The median gross rent in Albemarle County is $1,623 per month.

What is the property tax rate in Albemarle County?

The effective property tax rate in Albemarle County is 0.74%. The median annual property tax bill is $3,482.

Is Albemarle County affordable?

With a home-value-to-income ratio of 4.6x, Albemarle County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.