The housing market in Charlottesville, VA is booming. According to recent data, the median value of a home in the area is $429,400, which far exceeds the US House Median Value of $338,100. Furthermore, the 1 year House Appreciation rate in Charlottesville has been 14.98%, significantly higher than the national average of 8.27%. This makes it an excellent time for residents and prospective homeowners looking to invest in a house in Charlottesville. With values rising and appreciation rates far higher than the national average, this is an ideal opportunity for locals or those looking to relocate to take advantage of this flourishing housing market.
The median home cost in Charlottesville is $429,400. Home appreciation the last 10 years has been 68.6%. Home Appreciation in Charlottesville is up 14.9%.
Average Age of Homes
- The median age of Charlottesville real estate is 51 years old
The Rental Market in Charlottesville
- Renters make up 52.4% of the Charlottesville population
- 1.9% of houses and apartments in Charlottesville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.