Charlottesville, VA

Population: 44,349
Average annual home appreciation rate: 19.99%q
Total of homes for sale in this market: 368
Median home price: $304,992
Median Rent: $1,155 per room
Home price range: 31.30% of homes are between $208,001 – $312,000
Median sales price: $233,500
Number of homes: 34
Median foreclosure sales price: $113,449
Foreclosure discount: 51%
Most common home type: 49.68% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.96%
Number of renters: 62.22%
Number of owner occupied: 37.78%
Number people living below poverty level: 27.58%
Unemployment rate: 3.30%
Is this area perfect for real estate deals going on right now? Importantly, NeighborhoodScout’s exclusive research found that Charlottesville’s housing market shows one of the top real estate appreciation rates in the U.S.A. in the latest quarter, which may signal the city’s near-future real estate investment strength.

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