Charlottesville, VA · Virginia
Albemarle County
ZIP 22940
113,683 residents718 permits TTM$102,617 median HHI15 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$471,000
ACS 5-Year
Cap rate proxy
4.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.0%
HUD FMR ÷ ACS HHI
Net migration
+2.37%
IRS SOI
Permits (TTM)
718
Census BPS
Climate risk
78.1
FEMA NRI (0–100)
ZIP 22940
Median home value
—
Gross yield
—
Cap rate
3.2%
Rent gap
—
Affordability
P/I: 5.9R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown15 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 22937 | — | — | — | 6.6% | — |
| 22931 | — | — | — | 4.1% | — |
| 22923 | — | — | — | 4.6% | — |
| 22904 | — | — | — | 4.1% | — |
| 22946 | — | — | — | 4.1% | — |
Ranked by composite score
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Demographics
Owner-occupied
66.0%
Census ACS
Vacancy rate
6.8%
Census ACS
Bachelor's degree +
60.6%
Census ACS
Rent burdened
44.7%
Census ACS (>30% income)
Median age
39.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026