The story of this market
The typical home in ZIP 22974 sells for about $549,000, or $235 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,093 a month.
ZIP 22974 — Troy
The housing market in 22974 remains stable with steady price appreciation driven by limited inventory and consistent demand from commuters. While sales volume is modest, the area's affordability relative to the Charlottesville core continues to attract buyers seeking single-family homes.
This ZIP is well-suited for family buyers and commuters who prioritize larger lot sizes and a rural-suburban lifestyle while maintaining access to the Charlottesville employment core.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 3.5 months of supply — a fast-moving market.
12% 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 1.1% · poverty 4.8% — 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 9.0%/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 8.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 22974, Fluvanna 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 area is served by Fluvanna County Public Schools, which generally maintain stable performance ratings within the regional context.
The region is subject to standard Virginia climate risks, including seasonal storm activity and localized flooding in low-lying areas near the Rivanna River.
Economic momentum is driven by proximity to the Charlottesville employment hub and steady residential development in the Troy area.
Property taxes are assessed by Fluvanna County based on fair market value; the jurisdiction utilizes a single-rate structure with no major special district surcharges reported for residential parcels.
Residents primarily commute via US-250 and I-64 toward Charlottesville, with a mean travel time to work of approximately 26.8 minutes.
The area features access to rural outdoor recreation, including proximity to the Rivanna River, local parks, and golf courses within a short drive.
The rental market is characterized by low vacancy pressure and steady demand from commuters seeking suburban housing options outside of Charlottesville.
The local economy is anchored by the Charlottesville metro area, with significant employment in education, healthcare, and professional services.
Transportation is heavily reliant on private vehicles, with I-64 serving as the primary corridor for regional connectivity.
Development is primarily focused on low-density residential expansion and supporting infrastructure improvements.
Parcels are subject to Fluvanna County general tax levies and school district funding requirements.
Property insurance premiums are stable, reflecting moderate risk profiles for the region.
Data retrieved from Census Reporter ZCTA 22974 profile.
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.
Large community park with trails and river access.
Provides recreational opportunities for fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.