Foreclosure Homes in Charlottesville, VA 22903

Current Market Conditions in Charlottesville, VA

Currently, Charlottesville's real estate market is experiencing steady growth, driven by the demand for housing from university students and faculty, as well as families looking for quality amenities and education. Prices have appreciated in recent years, making it an attractive market for investment.

The blend of historical charm and modern conveniences keeps property values rising, with new construction and renovations contributing to the diversity of available housing options. Investors can find opportunities in both residential and rental properties, particularly with the area's growing popularity among young professionals and families.

Rent Prices In Charlottesville, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Charlottesville, VA, is on a rollercoaster ride. The average rent price in Charlottesville, VA, is $1,755.00. Indeed, when looking to rent in Charlottesville, VA, you can expect to pay as little as $740.00 or as much as $5,500.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in Charlottesville, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.