June's First-Time Homebuyer Report for Charlottesville Metro Area

Charlottesville is an average-sized metro area in USA with a population of 201,559 residents, and it has a lower than average density compared to the rest of the country, with 122.6 people per square mile. Its three largest counties are Albemarle County, Charlottesville City, and Fluvanna County. It should be noted that at 57.1%, most people own their homes in the Charlottesville Metro Area. The top school in the metro area is Virginia L. Murray Elementary School.

Price Range

Homes in the Charlottesville Metro Area are generally more expensive than others in the country with a median home value of $236,100 and an average list price of $298,402. The least expensive places to live are Albemarle County, Charlottesville City, and Fluvanna County.

Typical Dwelling

The typical dwelling in the Charlottesville Metro Area is a three-bedroom detached home worth about $335,088. To purchase a similar home, a buyer with good credit and a $67,018 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,318 monthly payment. The property tax rate is $7.42 per $1,000 of taxable assessed value.


Data reported through 6/15/2017

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