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City · 8,482 residents · Albemarle County, Virginia

Hollymead , Virginia

In Hollymead, a typical home is worth $435,300 and typical rent is $2,140 a month. Compared with all of Albemarle County, typical rent is 26% higher, typical household income is 13% higher, and the share of households that own their home is 12 points higher.

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  • Typical home value

    $435,300

    12% below the county

    13% above Virginia

    • Hollymead
    • Albemarle
    • Virginia

  • Typical rent

    $2,140a month

    26% above the county

    36% above Virginia

    • Hollymead
    • Albemarle
    • Virginia

  • Typical household income

    $118,250a year

    13% above the county

    27% above Virginia

    • Hollymead
    • Albemarle
    • Virginia

  • Households that own their home

    78%

    12 points above the county

    11 points above Virginia

    • Hollymead
    • Albemarle
    • Virginia

Source: U.S. Census Bureau, Average 2020–2024

Hollymead is in Albemarle County. The FHA loan limit ($598,000 for a one-unit home), the fair market rents and the help on this page are those of all of Albemarle County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hollymead apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Orange, the typical rent is $1,103: 48% less than in Hollymead ($2,140).

  2. Nearby, in Orange, the typical home value is $273,300: 37% less than in Hollymead ($435,300).

  3. The typical rent in Hollymead is $2,140 a month, 26% more than in Albemarle County as a whole ($1,692).

  4. 78% of households in Hollymead own their home, against 66% in Albemarle County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hollymead

What homes there are in Hollymead, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Hollymead, 6 in 10 homes are single-family detached houses, about the same as in Albemarle County.

Year built

Here half of the homes date from 1996 or later; in Albemarle County, from 1992 or later.

There is more room for a big family here: 88% of homes have 3 bedrooms or more, against 68% in Albemarle County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,206 a month

Albemarle County: $2,309 a month

Without a mortgage

$580 a month

Albemarle County: $687 a month

Owners with a mortgage

69%

Albemarle County: 63%

Owning costs about the same in Hollymead as in Albemarle County: with a mortgage, $2,206 a month; without one, $580.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Hollymead gained value faster than in Albemarle County: 48% against 39%.

Since 2015–2019, the typical rent in Hollymead rose 50%, more than in Albemarle County (33%).

Here income did not keep up with housing: it rose 32%, while home values changed +48% and rent +50%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHollymeadAlbemarle CountyVirginiaUnited States
Rental vacancy Unreliable estimate2.7%4.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate0.7%2.1%3.4%
People per household 2.552.332.522.53
Drive alone 70%65%68%69%
Carpool 12%8%8%9%
Public transit Unreliable estimate1%2%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 16%22%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Hollymead are bigger: 2.55 people on average; in Albemarle County, 2.33.

In Hollymead, 12% of workers share a car to get to work; in Albemarle County, 8%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hollymead?

A typical home costs more than the typical income allows

We start with a typical home in Hollymead, worth $435,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Hollymead, which is $118,250 a year. For that payment to be 28% of income, a household would need to earn about $152,086 a year.

The calculator's FHA and conventional loan limits are those of all of Albemarle County.

Your numbers

Local data
$

Starts at the typical home value in Hollymead. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,236 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,549

at 7.18% · 30 years

Loan amount
$427,415
Total interest
$614,950
Paid off in
November 2056

Includes $7,351 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,759 a month

  • Tight

    $2,759 to $3,547 a month

  • Hard

    more than $3,547 a month

    Your payment · 36%

Compared with the typical household income in Hollymead ($118,250 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,549
Principal & interest$2,895
Property tax$279
Home insurance$181
FHA mortgage insurance (MIP)$193

You need at least $15,236 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hollymead and Albemarle County

Hollymead is in Albemarle County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hollymead's own numbers

Typical home value
$435,300
Typical monthly rent
$2,140
Typical yearly household income
$118,250
Households that own their home
78%
Effective property tax rate
0.77%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Albemarle County

FHA limit, one-unit home
$598,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,642
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Albemarle County.

Everything about Albemarle County

Buying

Buying a home in Hollymead

A typical home in Hollymead is worth $435,300: 12% below the county and 13% above Virginia. With the typical household income in Hollymead ($118,250 a year), a typical home costs 3.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hollymead 3.7 years
  • Albemarle 4.7 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Albemarle County

According to FHFA’s house price index, home prices in Albemarle County rose 76% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Albemarle County.

Period County Virginia U.S.
Last year (2025) +5.5% +3.7% +2.9%
5 years (2020–2025) +49% +49% +47%
10 years (2015–2025) +76% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hollymead next to Albemarle County, Virginia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hollymead $435,300
  • Albemarle $495,400
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Hollymead $2,140
  • Albemarle $1,692
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Hollymead $118,250
  • Albemarle $104,392
  • Virginia $93,170
  • United States $80,734
See the full table
Hollymead next to Albemarle County and Virginia
Measure Hollymead Albemarle County Virginia U.S.
Typical home value $435,300 $495,400 $383,700 $332,700
Typical monthly rent $2,140 $1,692 $1,579 $1,413
Typical yearly household income $118,250 $104,392 $93,170 $80,734
Households that own their home 78% 66% 67% 65%
Typical yearly property tax $3,346 $3,719 $2,790 $3,119
Effective property tax rate 0.77% 0.75% 0.73% 0.94%
Renters with high rent for their income 56% 50% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Albemarle County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hollymead

For a typical $435,300 home in Hollymead, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hollymead's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,549a month

    Least cash to close
    Down payment
    $15,236
    Cash to close
    $28,295
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $193

  • Conventional, 5% down $3,469a month

    Down payment
    $21,765
    Cash to close
    $34,824
    Rate
    7.18%
    Mortgage insurance
    PMI · $207

  • Conventional, 20% down, no PMI $2,820a month

    Down payment
    $87,060
    Cash to close
    $100,119
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,222a month

    Down payment
    $65,295
    Cash to close
    $78,354
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hollymead and for Albemarle County.

Property tax

Effective rate in Hollymead

0.77%of the home’s value each year

$3,346 a year for the typical owner in Hollymead.

  • Hollymead 0.77%
  • Albemarle 0.75%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Albemarle County

FEMA does not publish these numbers by city: they are for all of Albemarle County.

Homes in the high-risk zone
0.5%
207
Of those, with NFIP insurance
14%
County Virginia U.S.
Homes in the high-risk zone 0.5% 1.5% 3.5%
Of those, with NFIP insurance 14% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hollymead

Typical rent in Hollymead is $2,140 a month: 26% above the county. In Hollymead, 56% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Albemarle County, by unit size. To pay the 2-bedroom one ($1,642 a month) without spending more than 30% of your income, you would need to earn $31.58 an hour working full time.

HUD fair market rent for all of Albemarle County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,279 $24.60 $51,160
1 bedroom $1,442 $27.73 $57,680
2 bedrooms $1,642 $31.58 $65,680
3 bedrooms $1,997 $38.40 $79,880
4 bedrooms $2,458 $47.27 $98,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hollymead

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hollymead has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,780 in 22936 to $1,910 in 22911.

2 of the 2 are above the fair market rent for Albemarle County ($1,642).

  • 22911 $1,910$2,330
  • 22936 $1,780$2,160

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hollymead when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Hollymead

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Albemarle County; none says it serves in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Hollymead

No down payment, repair or rent-help program on our list is for Hollymead or Albemarle County. The ones below are statewide in Virginia: they work in Hollymead the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

Housing counselors near Hollymead

The HUD-approved agencies closest to the center of Hollymead, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Piedmont Housing Alliance

    682 Berkmar Cir, Charlottesville · 3 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (434) 817-2436

  • Greater Charlottesville Habitat for Humanity

    967 2nd St SE, Charlottesville · 7 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 5 more
    (434) 293-9066

  • Skyline Community Action Partnership, Inc.

    532 S Main St, Madison · 20 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 6 more
    (540) 948-3916

Every agency in Albemarle County All counseling agencies in Virginia

Help in Spanish near Hollymead

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hollymead

HUD’s record names them for Hollymead or Albemarle County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • County of Albemarle/Office of Housing Section 8 vouchers (434) 296-5832

All housing agencies in Virginia Source: HUD

Cities

Other cities in Albemarle County

These cities are also in Albemarle County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Albemarle County Housing in Virginia

Nearby cities

The cities closest to Hollymead, with the typical home value.

Neighboring counties

If Albemarle County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hollymead.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Hollymead

Short answers with the numbers for Hollymead and all of Albemarle County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hollymead?

The typical home value in Hollymead is $435,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Albemarle County it is $495,400.

How much does it cost to rent in Hollymead?

Typical rent in Hollymead is $2,140 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Albemarle County is $1,642.

What is the FHA loan limit in Hollymead?

Hollymead uses the FHA limit for all of Albemarle County (2026): $598,000 for a one-unit home and $1,150,000 for a four-unit home.

How much property tax do owners pay in Hollymead?

The typical homeowner in Hollymead pays $3,346 a year, according to the U.S. Census Bureau. That is 0.77% of the home’s value; in Albemarle County, the rate is 0.75%.

Where can I find free help to buy or rent in Hollymead?

There is 1 HUD-approved counseling agency with an office in Albemarle County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).