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These days, finding an affordable place to live in the Charlottesville area can be challenging. Home prices in Charlottesville are now at a median cost of $197,400, lower than the Indiana average of $232,932.
The average cost of rent is $1,081/mo in Charlottesville, primarily driven by the current value of real estate in the Charlottesville area. In Charlottesville, 3.95% of households rent, and 42.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Charlottesville is $7,538 per month. Households that rent pay about 14.34% of their income on rent here. Charlottesville’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Maple Valley, IN: higher priced homes
- Cleveland, IN: higher priced homes
- Willow Branch, IN: higher priced homes
- Wilkinson, IN: higher priced homes
- Knightstown, IN: equally priced homes
- Occident, IN: equally priced homes
- Shirley, IN: equally priced homes
- Carthage, IN: equally priced homes
- Westland, IN: higher priced homes
- Finly, IN: higher priced homes
Cities with Similar Populations
- Santee, NE: less expensive homes
- Ekonk, CT: higher priced homes
- Elba, MN: higher priced homes
- Elbe, WA: higher priced homes
- Elliott, MS: equally priced homes
- Erlin, OH: equally priced homes
- Ernest, PA: less expensive homes
- Etna, KY: less expensive homes
- Eucutta, MS: less expensive homes
- Flowella, TX: less expensive homes
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