Charlottesville Metro Area First-Time Homebuyer Report for October

The Charlottesville Metro Area is older than the rest of USA, with a median age of 36. It's very affluent as well, with a median income of $60,692 per household. Albemarle County, Charlottesville City, and Fluvanna County are its three most populated counties. Detached homes account for 98% of the area's current housing market. Heading the list of top schools in the metro area is Meriwether Lewis Elementary School.

Culture

If you're looking to explore the landscape of Charlottesville Metro Area, then check out Carter Mountain Orchard and Afton Mountain, Foursquare's most popular places for outdoor activities. If you're looking for some recommended attractions, local favorites are Sprint Pavilion and Monticello Visitors Center. You could also try out the popular Mellow Mushroom, The Whiskey Jar, and Bodo's Bagels if you dine out.

Price Range

The median value of homes in the Charlottesville Metro Area is $236,100, making it one of the most valuable areas in USA. At the same time, the average list price of available homes is presently $677,652. The homes with the highest value are in Albemarle County, Charlottesville City, and Fluvanna County. With eight homes sold in the Charlottesville Metro Area market over the last 30 days, we see no change from last week's numbers. However, 13 new listings came into the market.

Curious as to which homes have been getting the most attention in the Charlottesville Metro Area? These listings have stirred up interest and produced the most views:

$369K   $300K   $849K  

Typical Dwelling

The typical dwelling in the Charlottesville Metro Area is a three-bedroom detached home worth about $588,330. To purchase a similar home, a buyer with good credit and a $117,666 cash down payment could obtain a mortgage with a 3.95% interest rate and a $971 monthly payment. The property tax rate is $7.42 per $1,000 of taxable assessed value.


Data reported through 10/13/2016

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Long & Foster-Glenmore
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