Market Overview
Home Prices in Charlottesville, VA
The median home value in Charlottesville, VA is $527,611 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Charlottesville are priced29% above average. Charlottesville is part of the Charlottesville, VA metro area.
Over the past five years, Charlottesville home values have risen by approximately23.9%, reflecting strong long-term appreciation in this market.
Price History
Charlottesville Home Price Trend
City Comparison
Charlottesville vs. National Median
At $527,611, homes in Charlottesville cost 29% above the national median of $410,000. Buyers in Charlottesville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Charlottesville?
20% Down Payment
$105,522
on $527,611
Monthly P&I
$2,752/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,495/mo
incl. taxes & insurance
Income Needed
$139,800
gross annual (30% rule)
10% Down Option
$52,761
+ PMI applies
Loan Amount (20% dn)
$422,089
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, VA?
The median home value in Charlottesville is $527,611 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Charlottesville?
Over the past year, home values in Charlottesville have increased by 0.5%. Over five years, prices have risen approximately 23.9%.
How much do I need to earn to buy a home in Charlottesville?
To comfortably afford the median home price of $527,611 with a 20% down payment ($105,522) at today's rates (6.8%), you'd need a gross annual income of approximately $139,800. 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 $527,611, homes in Charlottesville are 29% above the national average.
What metro area is Charlottesville part of?
Charlottesville is part of the Charlottesville, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.