Market Summary

Charlottesville, Albemarle County, VA

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Median Home Price Price

$498,593 $498.6K

Median Monthly Rent Rent

$1,995 $2K

GRM

21.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Albemarle County

Region Price Rent GRM Display
$568,893 $2,164 22.0x

Home prices

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Monthly rent

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GRM

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Similar markets within VA outside of Albemarle County

Region Price Rent GRM Display
$540,205 $2,504 18.0x
$417,819 $2,130 16.0x
$420,245 $2,113 17.0x
$461,969 $2,159 18.0x
$366,455 $2,071 15.0x
$361,196 $1,433 21.0x
$467,526 $2,193 18.0x
$559,149 $1,840 25.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of VA

Region Price Rent GRM Display
$572,575 $1,945 24.0x
$623,373 $2,851 18.0x
$908,801 $2,062 37.0x
$479,897 $2,095 19.0x
$354,767 $2,061 14.0x
$282,446 $2,032 12.0x
$380,452 $1,527 21.0x
$383,281 $1,676 19.0x
$647,976 $1,916 28.0x
$288,055 $1,889 13.0x
$377,795 $2,171 14.0x
$205,770 $1,803 10.0x
$309,986 $2,307 11.0x
$1,347,664 $1,924 58.0x
$554,694 $2,140 22.0x
$310,568 $2,295 11.0x
$653,236 $2,148 25.0x
$647,965 $2,804 19.0x
$297,602 $1,361 18.0x
$1,230,098 $2,136 48.0x
$598,893 $1,999 25.0x

Home prices

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Monthly rent

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GRM

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Charlottesville

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Trend Insights

Median Rent in Charlottesville, VA is $1,995, with MoM change +$16 and YoY change +$98 pointing to positive momentum while volatility is low (std $22).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Charlottesville, VA.

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Metric
Base market Charlottesville, VA
Compare market Select a market
Delta vs base
Median rent
$1,995
N/A
Median price
$498,593
N/A
YoY change
+$98
N/A
Price-to-rent
20.8x
Data unavailable
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