Market Overview
Home Prices in Charlottesville, IN
The median home value in Charlottesville, IN is $257,972 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Charlottesville are priced37% below average. Charlottesville is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Charlottesville home values have risen by approximately25.7%, reflecting strong long-term appreciation in this market.
Price History
Charlottesville Home Price Trend
City Comparison
Charlottesville vs. National Median
At $257,972, homes in Charlottesville cost 37% below the national median of $410,000. This makes Charlottesville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Charlottesville?
20% Down Payment
$51,594
on $257,972
Monthly P&I
$1,345/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,708/mo
incl. taxes & insurance
Income Needed
$68,320
gross annual (30% rule)
10% Down Option
$25,797
+ PMI applies
Loan Amount (20% dn)
$206,378
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Charlottesville, IN?
The median home value in Charlottesville is $257,972 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Charlottesville?
Over the past year, home values in Charlottesville have increased by 4.1%. Over five years, prices have risen approximately 25.7%.
How much do I need to earn to buy a home in Charlottesville?
To comfortably afford the median home price of $257,972 with a 20% down payment ($51,594) at today's rates (6.8%), you'd need a gross annual income of approximately $68,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Charlottesville compare to the national average home price?
The national median home value is approximately $410,000. At $257,972, homes in Charlottesville are 37% below the national average.
What metro area is Charlottesville part of?
Charlottesville is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.