The story of this market
The typical home in Albemarle County, Virginia sells for about $599,640, or $265 per square foot.
Prices are up +12.3% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. Over the long run, values in this county have grown 128% since 2000. Last year 14 of 25 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is strong wind, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,642 a month.
HUD sets the fair market rent for a 2-bedroom at $1,642 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+17.5%). Worst: 2009 (-5.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,997
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 25 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
50
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $40,319,548.
Mortgage activity
Home lending in this county
80.7%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 5148 | 2786 | 80.7% | 4.5% | $425,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Albemarle County, Virginia
The Albemarle County housing market shows resilience with a year-over-year price increase of 12.3%, driven by limited inventory and steady demand. While days on market have increased, the market remains competitive for well-priced properties. Buyers are navigating a landscape of higher interest rates, yet the area's strong economic base continues to support long-term value.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 12 cities · 25 ZIP reports
Median prices moved up 5.7% year over year.
Homes spend a median of 34 days on market with 0.4 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 42.45% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 7.5% — a stable, low-distress profile.
Deterministic aggregate of 25 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Albemarle County, Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 7, 2026.
researched Sep 16
researched Oct 13
researched Sep 16
researched Sep 16
researched Sep 16
researched Sep 20
researched Sep 20
researched Sep 16
researched Sep 17
researched Sep 20
| 22901 | Charlottesville | $585,000 | $254 | +15.8% | 16 | 100% | — | — | — | $1,662 | researched Sep 16 |
| 22902 | Charlottesville | $480,156 | $224 | +0.5% | 21 | 98.5% | 15% | 11.1 | 150 | $2,000 | researched Oct 13 |
| 22903 | Charlottesville | $597,000 | $280 | -2% | 40 | — | — | — | 104 | $1,580 | researched Sep 16 |
| 22904 | Charlottesville | $529,995 | $280 | +1.2% | 40 | 100% | — | 3.4 | 899 | $1,063 | researched Sep 16 |
| 22911 | Charlottesville (Urban County Environs) | $575,000 | $235 | +4.2% | 35 | 98.5% | 15% | 3.9 | 165 | $1,920 | researched Sep 16 |
| 22920 | Afton | $599,900 | $226 | -2.4% | 57 | — | — | 9.6 | 43 | $971 | researched Sep 20 |
| 22923 | Barboursville | $447,000 | $215 | +2.2% | 38 | 98.5% | 15% | 3.2 | 12 | $1,773 | researched Sep 20 |
| 22924 | Batesville | $425,000 | $215 | +2.4% | 32 | 98.2% | 18.5% | 3.8 | 48 | $1,850 | researched Sep 16 |
| 22931 | Covesville | $754,900 | $229 | 0% | — | — | — | — | — | $833 | researched Sep 17 |
| 22932 | Crozet | $622,193 | $323 | +4.2% | 20 | 98.5% | 15% | 2.8 | 12 | $1,819 | researched Sep 20 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Albemarle County generally reports lower crime rates compared to the national average, with property crime being the most common concern. The area is considered safe, though residents are encouraged to remain vigilant in more populated suburban corridors.
The county is served by the Albemarle County Public Schools system, which is highly regarded for its academic performance and diverse extracurricular offerings. Many schools in the district consistently rank among the top in Virginia.
The county faces moderate risks from localized flooding in low-lying areas near the Rivanna River and its tributaries. Wildfire risk is generally low, though standard insurance coverage for wind and storm damage is recommended.
Economic momentum is driven by the University of Virginia, the healthcare sector, and a growing technology and research corridor. Infrastructure investments continue to focus on expanding transit connectivity and supporting mixed-use developments.
Albemarle County levies real estate taxes based on 100% of fair market value as determined by the county assessor. The tax rate is set annually by the Board of Supervisors, with specific exemptions available for elderly and disabled residents.
The economy is anchored by the University of Virginia, Sentara Martha Jefferson Hospital, and a robust mix of professional services and technology firms. The region maintains a stable economic outlook with low unemployment rates.
The county is served by major corridors including I-64 and US-29, facilitating regional travel. Public transit is provided by Charlottesville Area Transit (CAT) and JAUNT, connecting key residential and commercial hubs.
The Albemarle County Office of the Assessor conducts annual assessments of all real property to ensure valuations reflect current market conditions.
The county includes various service districts for water, sewer, and fire protection, often managed through public-private partnerships or municipal authorities.
Property insurance premiums in the region are influenced by national trends in construction costs and localized weather-related risk assessments.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Offers extensive hiking trails and scenic vistas along the Blue Ridge Mountains, serving as a major regional draw.
Provides opportunities for kayaking, fishing, and riverside recreation, enhancing the quality of life for local residents.
A vibrant pedestrian-only district in nearby Charlottesville that serves as a primary cultural and entertainment hub for the county.
Retrieved from data.census.gov
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.