Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$549,955+2.0% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$119,219About 1.2× the local median income ($103,657): a stretch for a typical household
Days on market57 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Albemarle County, VA is worth $549,955, up 2.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $546,278, so the area is 0.7% overvalued. It is a balanced market: homes take about 57 days to sell, listings are up 48% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $119,219 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $103,657. Typical rent is $1,941 a month, or $2,367 for a house. In the latest IRS figures, 597 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$549,955
Change in 1 year
+2.0%
Overvalued %
+0.7%
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Fair home value
$546,278
Change in 5 years
+26.6%
Zillow forecast, next 12 months
+1.9%
Home value to income
5.3×
Monthly mortgage payment (20% down)
$2,980
Income needed to afford it
$119,219
Property tax rate
0.75%
Rent and investing
Typical rent
$1,941
Typical rent for houses
$2,367
Price-to-rent ratio
23.6×
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HUD Fair Market Rent, 2 bedrooms
$1,642
Gross rental yield
4.24%
Cap rate (estimate)
2.75%
Market activity
Listings vs a year ago
+47.5%
Days on market
57
Listings with a price cut
16.8%
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Homes for sale
649
Pending sales per 100 listings
53
Asking price per sq ft
$266
People and jobs
Median household income
$103,657
Population change (1 year)
+0.9%
Unemployment rate
3.4%
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Population
118,356
Income adjusted for cost of living
$104,598
Net moves in (IRS)
+597
Cost of living (US = 100)
99.1
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
78.1
Unhealthy air days a year
0
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Flood risk score
85.1
Wildfire risk score
64.3
Walkability (1 to 20)
8.2
Road, rail and air noise
53 dB
Questions people ask
Is Albemarle County, VA overvalued?
Home prices in Albemarle County, VA are slightly above what local incomes have historically supported: fair value is about $546,278, so the area is 0.7% overvalued.
Is Albemarle County, VA a buyer's or seller's market?
Albemarle County, VA is a balanced market: homes take about 57 days to sell, listings are up 48% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Albemarle County, VA?
Home values in Albemarle County, VA are up 2.0% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Albemarle County, VA?
A household needs about $119,219 a year to afford the typical home in Albemarle County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $103,657.