Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 45,863 ↓ 1.5% since 2020 |
| Median Household Income | $69,829 6% below national median |
| Median Home Value | $448,400 |
| Unemployment Rate | 4.7% |
| Median Age | 32.9 years |
| Housing Vacancy Rate | 8.6% |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 45,863 |
| Population (2020) | 46,553 |
| Population Growth | -1.48% |
| Median Household Income | $69,829 |
| Median Home Value | $448,400 |
| Total Housing Units | 21,559 |
| Vacant Housing Units | 1,860 |
| Housing Vacancy Rate | 8.6% |
| Median Age | 32.9 |
| Bachelor's Degree or Higher | 7,893 (17.2%) |
| Unemployment Rate (BLS) | 2.6% |
Market Overview
Charlottesville city, Virginia has a population of 45,863, which has declined 1.48% since 2020. The median household income is $69,829, below the national median of $74,580 by 6.4%. With a median home value of $448,400 and an unemployment rate of 2.6%, the local economy is moderate. The housing vacancy rate of 8.6% suggests balanced market conditions. As part of Virginia, Charlottesville city benefits from the state's growing interest in vacant land investment.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Charlottesville city, Virginia?
As of the 2023 American Community Survey, Charlottesville city has a population of 45,863. The county has declined 1.48% since the 2020 Census.
What is the median household income in Charlottesville city?
The median household income in Charlottesville city is $69,829, which is 6.4% below the national median of $74,580.
Is Charlottesville city growing or shrinking?
Charlottesville city is shrinking. The population has declined 1.48% since 2020.
What is the housing market like in Charlottesville city?
The median home value in Charlottesville city is $448,400. The housing vacancy rate is 8.6%, which suggests balanced market conditions. The unemployment rate is 2.6%, indicating a moderate local economy.
Does Reelvest buy land in Charlottesville city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Charlottesville city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.