Why Live in Charlottesville
Charlottesville's rich history and cultural attractions center around Thomas Jefferson's legacy, with UNESCO World Heritage site University of Virginia and Monticello drawing visitors year round. The Historic Downtown Mall features local restaurants like C&O Restaurant and Mas Tapas, alongside the restored Paramount Theater. Outdoor recreation spans from kayaking the Rivanna River to hiking the 20+ mile Rivanna Trail loop, while Carter Mountain Orchard provides seasonal apple picking with Blue Ridge Mountain views.
The Charlottesville housing market includes diverse options across distinct neighborhoods. Single family homes in North Downtown have a median price of $945,000, while Belmont's median sits at $425,000. The Lewis Mountain area commands a median of $950,000 for single family homes. Condominiums present more affordable options, with one bedroom units at a median of $250,000 and two bedrooms at $300,000. The overall median home sale price in Charlottesville is $530,000.
Living costs in Charlottesville run 2.1% above the national average. A family with school age children needs $108,000 annually to live comfortably, while renters should aim for $58,000. Monthly grocery costs average $1,500 for families and $700 for renters. The property tax rate of 0.81% compares favorably to Richmond's 0.86%. The area features strong schools, including St. Anne's Belfield School and Albemarle High School, both rated A or higher by Niche. The University of Virginia serves as a major employer alongside technology companies and research institutions. Commuters benefit from Charlottesville Area Transit bus service and an Amtrak station connecting to Washington D.C.
Home Trends in Charlottesville, VA
On average, homes in Charlottesville, VA sell after 33 days on the market compared to the national average of 50 days. The median sale price for homes in Charlottesville, VA over the last 12 months is $528,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$528,000
Median Single Family Sale Price
$662,501
Median Townhouse Sale Price
$450,108
Median 2 Bedroom Sale Price
$305,000
Median 1 Bedroom Sale Price
$249,950
Average Price Per Sq Ft
$292
Number of Homes for Sale
376
Last 12 months Home Sales
2,499
Median List Price
$549,250
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%