The story of this market
The typical home in ZIP 22904 sells for about $529,995, or $280 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $1,063 a month.
ZIP 22904 — Charlottesville
The 22904 market remains stable, driven by the consistent demand from the University of Virginia community. While inventory is healthy, the seller's market conditions persist due to limited housing stock relative to the academic population. Prices have seen modest growth, reflecting the broader regional trend in Charlottesville.
This ZIP is ideal for university-affiliated individuals, students, and professionals seeking proximity to the academic and cultural core of Charlottesville.
Median prices moved up 1.2% year over year.
Homes spend a median of 40 days on market with 3.4 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 10.9% · poverty 31.5% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 22904, Charlottesville VA
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 area is served by the Charlottesville City Public Schools, which generally maintain a strong academic reputation within the region.
The area is subject to standard regional risks including localized flooding and severe weather events common to Central Virginia.
Economic momentum is heavily anchored by the University of Virginia, which serves as the primary driver for employment, research, and infrastructure development.
Property taxes are assessed by the City of Charlottesville and Albemarle County; rates are determined by local millage applied to the assessed fair market value of real property.
The ZIP code is centrally located within Charlottesville, providing high accessibility to the University of Virginia campus and downtown employment hubs via local transit and arterial roads.
Residents have immediate access to the University of Virginia's recreational facilities, numerous city parks, and the Rivanna Trail system.
The rental market is characterized by high demand and low vacancy rates, largely driven by the university student population and faculty housing needs.
The economy is dominated by the University of Virginia and the associated UVA Health System, which are the largest employers in the region.
The area is served by Charlottesville Area Transit (CAT) and is well-connected to major regional highways including US-29 and I-64.
Ongoing development focuses on densification near the university and downtown corridors to accommodate growth.
Parcels are subject to city/county tax levies and standard utility service districts.
Standard property insurance market with typical premiums for the Mid-Atlantic region.
Data retrieved from data.census.gov for ZCTA 22904.
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.
Major anchor institution and UNESCO World Heritage site.
Extensive greenway network for hiking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.