The story of this market
The typical home in ZIP 22959 sells for about $543,000, or $282 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 6 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,412 a month.
ZIP 22959 — North Garden
The 22959 market in North Garden, VA, is characterized by high vacancy rates and a challenging price-to-rent ratio. With median home values near $543,000 and limited rental yield potential, the market presents significant headwinds for investors.
This area is primarily suited for those seeking a rural lifestyle in Albemarle County, though investors may find the high vacancy and price-to-rent ratios challenging.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 6 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 7.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 22959, 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.
The rental market in 22959 faces high vacancy rates of 17.0% and a high price-to-rent ratio of 32.2, making cash-flow difficult for investors.
The local economy is tied to the broader Albemarle County region, which features a mix of agricultural, educational, and professional services.
Data sourced from ACS and local market reports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.