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City · 9,065 residents · Albemarle County, Virginia

University of Virginia , Virginia

In University of Virginia, a typical home is worth $442,600 and typical rent is $1,421 a month. Compared with all of Albemarle County, typical household income is 50% lower, typical rent is 16% lower, and the share of households that own their home is 50 points lower.

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  • Typical home value

    $442,600

    11% below the county

    15% above Virginia

    • University of Virginia
    • Albemarle
    • Virginia

  • Typical rent

    $1,421a month

    16% below the county

    10% below Virginia

    • University of Virginia
    • Albemarle
    • Virginia

  • Typical household income

    $52,546a year

    50% below the county

    44% below Virginia

    • University of Virginia
    • Albemarle
    • Virginia

  • Households that own their home

    16%

    50 points below the county

    51 points below Virginia

    • University of Virginia
    • Albemarle
    • Virginia

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

University of Virginia 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 University of Virginia apart

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

  1. University of Virginia has the lowest homeownership rate of the 158 cities in Virginia with more than 5,000 people: 16%.

  2. The typical household income in University of Virginia is $52,546, 50% less than in Albemarle County as a whole ($104,392).

  3. Nearby, in Orange, the typical home value is $273,300: 38% less than in University of Virginia ($442,600).

  4. Nearby, in Orange, the typical rent is $1,103: 22% less than in University of Virginia ($1,421).

  5. The typical rent in University of Virginia is $1,421 a month, 16% less than in Albemarle County as a whole ($1,692).

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

The homes here

Housing in University of Virginia

What homes there are in University of Virginia, 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

Many people here live in apartments: 8 in 10 homes; in Albemarle County, 2.

Year built

Homes in University of Virginia are older: the typical year built is 1979; in Albemarle County, 1992.

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

$2,604 a month

Albemarle County: $2,309 a month

Owners with a mortgage

26%

Albemarle County: 63%

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, home values in University of Virginia moved so little that the Census cannot say whether they rose or fell.

The typical rent in University of Virginia rose 26% over the same time; in Albemarle County, it rose 33%.

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

MeasureUniversity of VirginiaAlbemarle 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 1.892.332.522.53
Drive alone 29%65%68%69%
Carpool Unreliable estimate8%8%9%
Public transit 9%1%2%3%
Walk or bike 29%3%2%3%
Work from home 20%22%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in University of Virginia are smaller: 1.89 people on average; in Albemarle County, 2.33.

In University of Virginia, 29% of workers walk or bike to work; in Albemarle County, 3%.

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 University of Virginia?

A typical home costs more than the typical income allows

We start with a typical home in University of Virginia, worth $442,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 82% of the typical household income in University of Virginia, which is $52,546 a year. For that payment to be 28% of income, a household would need to earn about $154,005 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 University of Virginia. 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 $15,491 (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

$3,593

at 7.18% · 30 years

Loan amount
$434,583
Total interest
$625,264
Paid off in
November 2056

Includes $7,474 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,226 a month

  • Tight

    $1,226 to $1,576 a month

  • Hard

    more than $1,576 a month

    Your payment · 82%

Compared with the typical household income in University of Virginia ($52,546 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,593
Principal & interest$2,944
Property tax$269
Home insurance$184
FHA mortgage insurance (MIP)$196

You need at least $15,491 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

University of Virginia and Albemarle County

University of Virginia 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).

University of Virginia's own numbers

Typical home value
$442,600
Typical monthly rent
$1,421
Typical yearly household income
$52,546
Households that own their home
16%
Effective property tax rate
0.73%

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 University of Virginia

A typical home in University of Virginia is worth $442,600: 11% below the county and 15% above Virginia. With the typical household income in University of Virginia ($52,546 a year), a typical home costs 8.4 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.

  • University of Virginia 8.4 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

University of Virginia 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
  • University of Virginia $442,600
  • Albemarle $495,400
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • University of Virginia $1,421
  • Albemarle $1,692
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • University of Virginia $52,546
  • Albemarle $104,392
  • Virginia $93,170
  • United States $80,734
See the full table
University of Virginia next to Albemarle County and Virginia
Measure University of Virginia Albemarle County Virginia U.S.
Typical home value $442,600 $495,400 $383,700 $332,700
Typical monthly rent $1,421 $1,692 $1,579 $1,413
Typical yearly household income $52,546 $104,392 $93,170 $80,734
Households that own their home 16% 66% 67% 65%
Typical yearly property tax $3,234 $3,719 $2,790 $3,119
Effective property tax rate 0.73% 0.75% 0.73% 0.94%
Renters with high rent for their income 58% 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 University of Virginia

For a typical $442,600 home in University of Virginia, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, University of Virginia's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,593a month

    Least cash to close
    Down payment
    $15,491
    Cash to close
    $28,769
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $196

  • Conventional, 5% down $3,512a month

    Down payment
    $22,130
    Cash to close
    $35,408
    Rate
    7.18%
    Mortgage insurance
    PMI · $210

  • Conventional, 20% down, no PMI $2,852a month

    Down payment
    $88,520
    Cash to close
    $101,798
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,262a month

    Down payment
    $66,390
    Cash to close
    $79,668
    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 University of Virginia and for Albemarle County.

Property tax

Effective rate in University of Virginia

0.73%of the home’s value each year

$3,234 a year for the typical owner in University of Virginia.

  • University of Virginia 0.73%
  • 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 University of Virginia

Typical rent in University of Virginia is $1,421 a month: 16% below the county. In University of Virginia, 58% 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 University of Virginia

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

For 2 bedrooms it is $1,710 in all of them.

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

  • 22903 $1,710$2,070
  • 22904 $1,710$2,070

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for University of Virginia 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 University of Virginia

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 man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in University of Virginia

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

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

  • Greater Charlottesville Habitat for Humanity

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

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

  • Piedmont Housing Alliance

    682 Berkmar Cir, Charlottesville · 4 miles away

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

  • Skyline Community Action Partnership, Inc.

    532 S Main St, Madison · 27 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 University of Virginia

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 University of Virginia

HUD’s record names them for University of Virginia 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 University of Virginia, 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 University of Virginia.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about University of Virginia

Short answers with the numbers for University of Virginia 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 University of Virginia?

The typical home value in University of Virginia is $442,600, 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 University of Virginia?

Typical rent in University of Virginia is $1,421 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 University of Virginia?

University of Virginia 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 University of Virginia?

The typical homeowner in University of Virginia pays $3,234 a year, according to the U.S. Census Bureau. That is 0.73% of the home’s value; in Albemarle County, the rate is 0.75%.

Where can I find free help to buy or rent in University of Virginia?

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).