Charlottesville City, Virginia home prices
Typical home $483,274 · +0.5% in a year · property tax 0.8%
The typical home in Charlottesville City is worth $483,274, 17% more than the Virginia typical home ($412,252). Values changed +0.5% in the past year and +15.4% over five years. Homeowners here pay a median 0.8% of their home's value in property tax each year ($3,887 on the typical home), versus 0.71% statewide.
Mortgage on the typical Charlottesville City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $96,655 | $386,619 | $2,601 | $0 | $566 | $3,166 | $135,700 |
| 10% down | $48,327 | $434,947 | $2,926 | $181 | $566 | $3,673 | $157,400 |
| 5% down | $24,164 | $459,110 | $3,088 | $191 | $566 | $3,845 | $164,800 |
| 3.5% down (FHA) | $16,915 | $474,521 | $3,192 | $214 | $566 | $3,971 | $170,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.8% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Charlottesville metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| James City County | $484,205 | +1.8% | 0.65% |
| Manassas City | $481,776 | -0.6% | 1.09% |
| Culpeper County | $488,600 | +3.1% | 0.52% |
| King George County | $476,101 | +2.8% | 0.53% |
| Powhatan County | $494,273 | +2.7% | 0.59% |
| Fredericksburg City | $467,891 | +1.7% | 0.6% |
| York County | $463,575 | +2.8% | 0.64% |
| Poquoson City | $460,122 | +1.8% | 0.92% |
| Spotsylvania County | $456,909 | +0.9% | 0.58% |
| Hanover County | $456,445 | +3.5% | 0.66% |
Frequently asked questions
What is the average home price in Charlottesville City, VA?
The typical home value in Charlottesville City is $483,274 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Charlottesville City?
About $135,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Charlottesville City?
The median effective rate is 0.8% of home value a year (Census ACS 2024 5-year estimates).