Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$464,132+1.3% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$100,614About 1.1× the local median income ($93,584): 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, VA is worth $464,132, up 1.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $457,823, so the area is 1.4% overvalued. It is a balanced market: homes take about 59 days to sell, listings are up 40% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $100,614 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 $93,584. Typical rent is $2,040 a month, or $2,489 for a house. In the latest IRS figures, 86 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
$464,132
Change in 1 year
+1.3%
Overvalued %
+1.4%
Show 7 more
Fair home value
$457,823
Change in 5 years
+22.6%
Zillow forecast, next 12 months
+1.9%
Home value to income
5.0×
Monthly mortgage payment (20% down)
$2,515
Income needed to afford it
$100,614
Property tax rate
0.71%
Rent and investing
Typical rent
$2,040
Typical rent for houses
$2,489
Price-to-rent ratio
19.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,642
Gross rental yield
5.28%
Cap rate (estimate)
3.43%
Market activity
Listings vs a year ago
+40.0%
Days on market
59
Listings with a price cut
16.3%
Show 3 more
Homes for sale
1,106
Pending sales per 100 listings
47
Asking price per sq ft
$259
People and jobs
Median household income
$93,584
Population change (1 year)
+0.6%
Unemployment rate
3.4%
Show 4 more
Population
228,597
Income adjusted for cost of living
$94,434
Net moves in (IRS)
+86
Cost of living (US = 100)
99.1
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
50.0
Unhealthy air days a year
0
Show 4 more
Flood risk score
60.0
Wildfire risk score
42.6
Walkability (1 to 20)
8.6
Road, rail and air noise
53 dB
Questions people ask
Is Charlottesville, VA overvalued?
Home prices in Charlottesville, VA are slightly above what local incomes have historically supported: fair value is about $457,823, so the area is 1.4% overvalued.
Is Charlottesville, VA a buyer's or seller's market?
Charlottesville, VA is a balanced market: homes take about 59 days to sell, listings are up 40% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Charlottesville, VA?
Home values in Charlottesville, VA are up 1.3% 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, VA?
A household needs about $100,614 a year to afford the typical home in Charlottesville, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,584.