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Albemarle County

Learn about the people, housing, costs and businesses in Albemarle County County

Median Home$505,295
Median Rent$1,650/month
Population114,919
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration13% arts, food & hospitality
Home Value Growth⬆⬆+13.1% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners66% of occupied units
NotableHighly Educated29% bachelor's · 20% graduate · top 3% nationally
NotableHigh Incomes$112k/year · top 4% nationally
Albemarle County
VA

Frequently Asked Questions

What are today's mortgage rates in Albemarle County?

As of today, the 30-year fixed mortgage rate for Albemarle County is approximately 6.935% (6.959% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Albemarle County?

The median home value in Albemarle County is $505k. The median monthly rent is $1,650. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Albemarle County?

Home values in Albemarle County have increased 13.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Albemarle County?

Based on a typical all-in ownership cost of $1,741/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Albemarle County is $112k/year.

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What industries drive the economy in Albemarle County?

The largest employment sectors in Albemarle County are public administration (34%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas