The story of this market
The typical home in ZIP 22901 sells for about $585,000, or $254 per square foot.
Prices are up +15.8% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,662 a month.
ZIP 22901 — Charlottesville
The 22901 housing market is highly competitive with a median sale price of $585,000, reflecting a 15.8% year-over-year increase. Rising home prices relative to local wages have led to concerns regarding housing affordability in the region.
The area is suitable for a mix of residents, including families and professionals, due to its balanced housing stock of single-family homes, townhouses, and apartments.
Median prices moved up 15.8% year over year.
Homes spend a median of 16 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 10.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 22901
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The mean travel time to work for residents is approximately 20 minutes.
The median rent in the Charlottesville area is approximately $2,100 per month, showing a recent year-over-year decline of 10.42%.
The Charlottesville area faces challenges with housing affordability, with home prices significantly outpacing local wage growth.
Data sourced from Census Reporter profile for 22901.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.