Charlottesville, VA housing market
Typical home value
$511K
▲ 1.1% 1 yr
Typical rent
$2,029/mo
▲ 1.2% 1 yr
Gross rent yield
4.8%
U.S. 6.3%
5-year home value change
+23%
U.S. +20%
Key takeaways
- 1The typical home in Charlottesville is worth $511,398, up 1.1% over the past year and up 23% over five years.
- 2Typical rent is $2,029 a month (+1.2% YoY), a gross rent yield of 4.8% (below the Charlottesville, VA metro's 5.3%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,810/mo, $781 more than typical rent.
- 4Zillow forecasts the Charlottesville, VA metro's home values to change +1.9% over the next 12 months.
Market temperature (Charlottesville, VA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 43/100, #231 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Charlottesville compares
| Measure | Charlottesville | Charlottesville, VA metro | United States |
|---|---|---|---|
| Typical home value | $511,398 | $464,132 | $366,157 |
| Home value, 1-yr change | +1.1% | +1.3% | +1.2% |
| Typical rent | $2,029 | $2,040 | $1,932 |
| Rent, 1-yr change | +1.2% | +1.6% | +2.7% |
| Gross rent yield | 4.8% | 5.3% | 6.3% |
| Price-to-rent ratio | 21.0 | 19.0 | 15.8 |
| Mortgage P&I, typical home | $2,810 | $2,551 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Charlottesville rental, pre-filled.
Rent vs buy in Charlottesville
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $511K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.