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Charles

Learn about the people, housing, costs and businesses in Charles, Virginia

Median Home$265,650
Median Rent$748/month
Population93
Leading IndustriesManufacturing · Agriculture & Mining · Construction2% manufacturing
Home Value Growth⬇⬇-13.6% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners88% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Charles City
VA

Frequently Asked Questions

What are today's mortgage rates in Charles?

As of today, the 30-year fixed mortgage rate for Charles is approximately 6.907% (6.943% 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 Charles?

The median home value in Charles is $266k. The median monthly rent is $748. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Charles?

Home values in Charles have decreased 13.6% over the past two years. Buyers may find more negotiating room in this market. 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 Charles?

Based on a typical all-in ownership cost of $928/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Charles is $72k/year.

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What industries drive the economy in Charles?

The largest employment sectors in Charles are public administration (25%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.