dynamic.RE

State

City

Charlottesville, VA · 22906

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $75K, +7.2% YoY (county); renters hold 55.8% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

19,815

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 21,610

22Kunits

Occupied19,81591.7%

Vacant1,7958.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 19,815

20Koccupied

Owner8,76744.2%

Renter11,04855.8%

Renter Share

55.8%-0.9% YoY

Total Housing Units

21,610+0.2% YoY

FY2026 Fair Market Rent

CountyCharlottesville city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,421

/month

1 BR

$1,602

/month

2 BR

$1,824

/month

3 BR

$2,218

/month

4 BR

$2,731

/month

FMR trends · Charlottesville city

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.9% to 45,437: residents under 18 are up 0.8% and those 65 and over are up 1.9%.

Median Age

33.12024

Population

Charlottesville city Population

44,767-0.6% YoY

Households

Total Households

19,815+0.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.14-1.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 45,437

45Kresidents

Under 187,48016.5%

Adults 18–6431,83970.1%

65 & Over6,11813.5%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

7,480+0.8% YoY

Population 65 & Over

6,118+1.9% YoY

Median Age

33.10+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house74.9%

Moved (within US)23.9%

Other1.2%

Veterans

3.5%-5.4% YoY

County Economy

County median household income is $75K, 19.6% of residents are below the poverty level, 21.4% work from home.

Income

Median Household Income

$75K+7.2% YoY

Per-Capita Income

$52K+6.5% YoY

Mean Household Income

$115K+5.5% YoY

Poverty

Below Poverty Level

19.6%-13.3% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone53.1%

Public transit5.6%

Worked from home21.4%

Other19.9%

Worked From Home

21.4%+10.9% YoY

Mean Commute

17.00+0.6% YoY

Done with 22906? Put it next to another market.

State

City

Charlottesville, VA · 22906

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $75K, +7.2% YoY (county); renters hold 55.8% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

19,815

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 21,610

22Kunits

Occupied19,81591.7%

Vacant1,7958.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 19,815

20Koccupied

Owner8,76744.2%

Renter11,04855.8%

Renter Share

55.8%-0.9% YoY

Total Housing Units

21,610+0.2% YoY

FY2026 Fair Market Rent

CountyCharlottesville city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,421

/month

1 BR

$1,602

/month

2 BR

$1,824

/month

3 BR

$2,218

/month

4 BR

$2,731

/month

FMR trends · Charlottesville city

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.9% to 45,437: residents under 18 are up 0.8% and those 65 and over are up 1.9%.

Median Age

33.12024

Population

Charlottesville city Population

44,767-0.6% YoY

Households

Total Households

19,815+0.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.14-1.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 45,437

45Kresidents

Under 187,48016.5%

Adults 18–6431,83970.1%

65 & Over6,11813.5%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

7,480+0.8% YoY

Population 65 & Over

6,118+1.9% YoY

Median Age

33.10+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house74.9%

Moved (within US)23.9%

Other1.2%

Veterans

3.5%-5.4% YoY

County Economy

County median household income is $75K, 19.6% of residents are below the poverty level, 21.4% work from home.

Income

Median Household Income

$75K+7.2% YoY

Per-Capita Income

$52K+6.5% YoY

Mean Household Income

$115K+5.5% YoY

Poverty

Below Poverty Level

19.6%-13.3% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone53.1%

Public transit5.6%

Worked from home21.4%

Other19.9%

Worked From Home

21.4%+10.9% YoY

Mean Commute

17.00+0.6% YoY

Done with 22906? Put it next to another market.