Mortgage payment estimates, closing cost breakdowns, and homebuying data for Charlottesville, Virginia.
Pre-filled with Charlottesville median home price and Virginia tax/insurance rates. Adjust for your property.
Estimated closing costs based on Virginia rates and fees applied to Charlottesville prices.
The median home price in Charlottesville is $395,000, roughly in line with the Virginia state median of $400,000. With a population of 46,553, Charlottesville is a smaller market where home prices tend to be more accessible than in many parts of Virginia.
Property taxes in Virginia average 0.82% annually. This moderate property tax rate means a $395,000 home in Charlottesville would carry roughly $270/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Charlottesville is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Charlottesville presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.