The story of this market
The typical home in ZIP 22923 sells for about $447,000, or $215 per square foot.
Prices are up +2.2% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,773 a month.
ZIP 22923 — Barboursville
The 22923 housing market remains competitive with low inventory and steady price appreciation of 2.2% year-over-year. Demand is driven by buyers seeking a balance between rural living and proximity to Charlottesville's employment hubs, resulting in a stable market environment.
This ZIP is best suited for families and professionals seeking a quieter, semi-rural lifestyle while maintaining access to the employment and cultural amenities of Charlottesville.
Median prices moved up 2.2% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 11.4% — a stable, low-distress profile.
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 4.2%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 22923, Albemarle County 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.
Crime rates in the 22923 area are generally low, consistent with the rural and suburban character of Albemarle County, and remain stable compared to regional averages.
Schools serving this area are part of the Albemarle County Public Schools system, which is generally well-regarded for its academic performance and resource allocation.
The area is subject to standard regional risks including localized flooding in low-lying areas and occasional severe wind events, with insurance premiums reflecting typical Virginia inland hazard profiles.
Economic momentum is driven by proximity to Charlottesville and the University of Virginia, with steady demand for residential development and limited large-scale commercial expansion within the ZIP itself.
Property taxes are assessed by Albemarle County based on fair market value, with rates set annually by the Board of Supervisors; no specific special district taxes are widely reported for this ZIP.
Residents primarily commute by car toward Charlottesville, with travel times typically ranging from 20 to 35 minutes depending on traffic along major corridors like US-29.
The area offers access to rural landscapes, local parks, and proximity to the Blue Ridge Mountains, with limited immediate shopping and dining options within the ZIP boundaries.
The rental market is characterized by low inventory and steady demand from university-affiliated personnel and local workers, with limited short-term rental saturation.
The economy is anchored by the University of Virginia, healthcare systems, and a mix of small-scale agricultural and professional services.
Transportation is heavily reliant on private vehicles, with limited public transit infrastructure extending into this specific ZIP code.
Development is primarily focused on low-density residential infill and small-scale community improvements.
Parcels are subject to Albemarle County general tax levies and school district funding requirements.
Property insurance markets are stable, though premiums are influenced by regional wildfire and storm risk assessments.
Data retrieved from census.gov ZCTA-level tables.
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.
Popular area for hiking and outdoor recreation.
Extensive network of rural trails serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.