Home Values

Albemarle County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Albemarle County is $176, which is higher than the Charlottesville Metro average of $162. The median price of homes currently listed in Albemarle County is $399,900 while the median price of homes that sold is $310,550. The median rent price in Albemarle County is $1,179, which is the same as the Charlottesville Metro median of $1,179.

Foreclosures will be a factor impacting home values in the next several years. In Albemarle County 0.2 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Albemarle County is 2.4%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Albemarle County homeowners underwater on their mortgage is 11.6%.

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Relative ZHVI
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Albemarle County Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $399,900 Median listing price
  • $310,550 Median sale price
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Albemarle County Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 11.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Counties

Name Median ZHVI
Culpeper County $235,200
Louisa County $184,000
Orange County $170,000

Listings & Sales

Data through Oct 31, 2014
  • $176 Median list price / sq ft
  • $166 Median sale price / sq ft
  • 30.4% Listings with price cut
25.6%
Sold below listing
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Albemarle County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,639 Albemarle County
    $1,462 Charlottesville Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,179 Rent list price
  • $0.97 Rent list price / sq ft
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