Albemarle County, Virginia Housing Market
In Albemarle County, Virginia, the median home value is $495,400, with a median monthly rent of $1,692. This places Albemarle County at #142 nationally out of 3134 counties by median home value, and #12 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,285
- Establishments: 4,098
- BLS QCEW, 2025
Housing Supply
- Single-family: 548
- Multi-family: 181
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 47,067 (avg $215,659)
- Outflow: 43,346 (avg $221,854)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Albemarle County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 22932 | 314.6 | +14.82% | 2025 |
| 2 | 24590 | 288.5 | +14.56% | 2025 |
| 3 | 22920 | 292.9 | +13.20% | 2025 |
| 4 | 22903 | 352.8 | -1.75% | 2025 |
| 5 | 22911 | 294.1 | +7.76% | 2025 |
| 6 | 22902 | 355.4 | +3.73% | 2025 |
| 7 | 22947 | 231.1 | -3.40% | 2025 |
| 8 | 22901 | 301.8 | +3.13% | 2025 |
| 9 | 22942 | 275.6 | +2.04% | 2025 |
| 10 | 22974 | 259.3 | -0.55% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Albemarle County on Our Sister Sites
Get the complete picture for Albemarle County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Albemarle County Compares
| Metric | Albemarle County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $495,400 | $295,807 | $227,706 |
| Median Gross Rent | $1,692 | $1,169 | $968 |
| Owner Occupancy Rate | 65.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 24.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Albemarle County is 67.5% above the Virginia state average and 117.6% above the U.S. national average. The median rent of $1,692/month is 44.7% above the state average.
With a price-to-rent ratio of 24.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Albemarle County has an owner-occupancy rate of 65.9%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Los Alamos County | New Mexico | $495,800 | $1,375 |
| Kittitas County | Washington | $497,400 | $1,341 |
| Rockingham County | New Hampshire | $497,500 | $1,687 |
| Goochland County | Virginia | $500,600 | $1,614 |
| Chelan County | Washington | $490,100 | $1,226 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Goochland County | $500,600 | $1,614 | 84.9% |
| Charlottesville city | $486,700 | $1,540 | 44.2% |
| Stafford County | $485,100 | $2,020 | 80.5% |
| Rappahannock County | $506,400 | $1,290 | 73.4% |
| Fredericksburg city | $483,700 | $1,619 | 39.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).