Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$483,274+0.5% YoY · prices are flat
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$104,764About 1.4× the local median income ($76,296): a stretch for a typical household
Days on market59 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 Charlottesville City, VA is worth $483,274, up 0.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $505,717, so the area is 4.4% undervalued. It is a balanced market, leaning toward buyers: homes take about 59 days to sell, listings are down 0% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $104,764 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 $76,296. Typical rent is $2,140 a month, or $2,610 for a house. In the latest IRS figures, 904 more people moved out than in.
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
$483,274
Change in 1 year
+0.5%
Overvalued %
−4.4%
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Fair home value
$505,717
Change in 5 years
+15.4%
Zillow forecast, next 12 months
+1.9%
Home value to income
6.3×
Monthly mortgage payment (20% down)
$2,619
Income needed to afford it
$104,764
Property tax rate
0.80%
Rent and investing
Typical rent
$2,140
Typical rent for houses
$2,610
Price-to-rent ratio
18.8×
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HUD Fair Market Rent, 2 bedrooms
$1,642
Gross rental yield
5.31%
Cap rate (estimate)
3.45%
Market activity
Listings vs a year ago
0.0%
Days on market
59
Listings with a price cut
13.8%
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Homes for sale
64
Pending sales per 100 listings
23
Asking price per sq ft
$282
People and jobs
Median household income
$76,296
Population change (1 year)
−0.5%
Unemployment rate
3.7%
Show 4 more
Population
44,388
Income adjusted for cost of living
$76,989
Net moves in (IRS)
−904
Cost of living (US = 100)
99.1
Schools, risk and environment
School rating (1 to 10)
4.2
FEMA hazard risk score (0 to 100)
24.3
Flood risk score
33.3
Show 3 more
Wildfire risk score
0.3
Walkability (1 to 20)
14.4
Road, rail and air noise
52 dB
Questions people ask
Is Charlottesville City, VA overvalued?
Home prices in Charlottesville City, VA are slightly below what local incomes have historically supported: fair value is about $505,717, so the area is 4.4% undervalued.
Is Charlottesville City, VA a buyer's or seller's market?
Charlottesville City, VA is a balanced market, leaning toward buyers: homes take about 59 days to sell, listings are down 0% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Charlottesville City, VA?
Home values in Charlottesville City, VA are up 0.5% 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 Charlottesville City, VA?
A household needs about $104,764 a year to afford the typical home in Charlottesville City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,296.