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Charlottesville city Housing Market

Virginia · 133 counties · Ranked #2985 in home value

Above National Avg

Housing at a Glance

Median Home Value

$448,400

vs national+$448,400 vs $281,900 national

Median Gross Rent

$1,453/mo

vs national+$1,453 vs $1,163 national

Effective Tax Rate

0.81%

vs national0.81% vs 1.02% national

Median Household Income

$69,829

vs national$69,829 vs $74,755 national

Affordability Ratio

6.4x

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

Rent Burden

33.0%

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

More Housing Data

Property Tax (Median)

$3,649

Tax as % of Home Value

0.81%

Monthly Owner Cost

$1,661

Renter Income

$42,386

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Frequently Asked Questions

What is the median home value in Charlottesville city?

The median home value in Charlottesville city is $448,400. This is above the national median of $281,900.

How much is rent in Charlottesville city?

The median gross rent in Charlottesville city is $1,453 per month.

What is the property tax rate in Charlottesville city?

The effective property tax rate in Charlottesville city is 0.81%. The median annual property tax bill is $3,649.

Is Charlottesville city affordable?

With a home-value-to-income ratio of 6.4x, Charlottesville city is considered expensive 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.