The housing market in Charlottesville, VA County is robust and growing at a steady rate. The median value of homes in the county is $399,400, which is significantly higher than the U.S. median value of $338,100. Over the past year, home appreciation in Charlottesville has been 12.33%, far exceeding the national average of 8.27%. With its desirable location and ever-improving market conditions, Charlottesville is an attractive destination for first time homebuyers and those looking to capitalize on potential returns from real estate investments.
The median home cost in Charlottesville City County is $399,400. Home appreciation the last 10 years has been 68.6%. Home Appreciation in Charlottesville City County is up 14.9%.
Average Age of Homes
- The median age of Charlottesville City County real estate is 51 years old
The Rental Market in Charlottesville City County
- Renters make up 52.4% of the Charlottesville City County population
- 1.9% of houses and apartments in Charlottesville City County, 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.