Property Prices in Charlottesville, VA, United States

Index Info
Price to Income Ratio: 3.04
Mortgage as Percentage of Income: 26.86%
Loan Affordability Index: 3.72
Price to Rent Ratio - City Centre: 7.40
Price to Rent Ratio - Outside of Centre: 8.41
Gross Rental Yield (City Centre): 13.51%
Gross Rental Yield (Outside of Centre): 11.89%
Rent Per Month
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1 Bedroom Apartment in City Centre 1,800.00 $ 1,500.00-3,300.00
1 Bedroom Apartment Outside of City Centre 1,560.00 $ 1,400.00-2,800.00
3 Bedroom Apartment in City Centre 2,920.00 $ 2,200.00-4,500.00
3 Bedroom Apartment Outside of City Centre 2,620.00 $ 1,900.00-3,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 257.99 $ 257.99-257.99
Price per Square Feet to Buy Apartment Outside of Centre 257.99 $ 257.99-257.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,560.40 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.32 6.19-6.70

These data are based on 53 entries from 15 contributors over the past 18 months.
Last update: 25 October 2025

Sources and References
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