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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 $510,473, higher than the Virginia average of $443,089.
The average cost of rent is $1,682/mo in Charlottesville, primarily driven by the current value of real estate in the Charlottesville area. In Charlottesville, 49.09% of households rent, and 39.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Charlottesville is $8,230 per month. Households that rent pay about 20.43% of their income on rent here. Charlottesville’s most expensive areas are in the northwestern 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
- Ivy, VA: higher priced homes
- Hollymead, VA: less expensive homes
- Earlysville, VA: higher priced homes
- Keswick, VA: higher priced homes
- Yancey Mills, VA: equally priced homes
- North Garden, VA: equally priced homes
- Woodridge, VA: less expensive homes
- Batesville, VA: equally priced homes
- Free Union, VA: higher priced homes
- Burnley, VA: higher priced homes
Cities with Similar Populations
- Sumter, SC: less expensive homes
- Tallahassee, FL: less expensive homes
- Suwanee, GA: higher priced homes
- Tacoma, WA: equally priced homes
- Tampa, FL: less expensive homes
- Stockbridge, GA: less expensive homes
- Stone Mountain, GA: less expensive homes
- Sterling Heights, MI: less expensive homes
- Stockton, CA: equally priced homes
- Stafford, VA: equally priced homes
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