Safe Rate Local

Charlottesville

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

Median Home$508,948
Median Rent$1,502/month
Population45,437
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare42% public administration
Home Value Growth⬆⬆⬆+22.0% over 2 years
Young Adults43% of residentstop 1% nationally
Renters56% of occupied units
NotableAmenity Score91/100 · highly walkable area
NotableTransit88/100 · excellent transit access
Charlottesville City
VA

Frequently Asked Questions

What are today's mortgage rates in Charlottesville?

As of today, the 30-year fixed mortgage rate for Charlottesville is approximately 6.936% (6.960% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Charlottesville
What is the median home price in Charlottesville?

The median home value in Charlottesville is $509k. The median monthly rent is $1,502. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Charlottesville?

Home values in Charlottesville have increased 22.0% 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 Charlottesville?

Based on a typical all-in ownership cost of $1,566/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Charlottesville is $76k/year.

Calculate your buying power
What industries drive the economy in Charlottesville?

The largest employment sectors in Charlottesville are public administration (42%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas