22911, Charlottesville, VA

The 22911 zip code of Charlottesville, VA has a median home value of $269,900 and a median home equity of $119,700. This is higher than the statewide median home value of $217,500 and the national median home equity of $142,000. The 22911 zip code also has a lower than average homeownership rate at 54%. This is due in part to the high percentage of single family homes in this zip code.

Despite having a higher than average homeownership rate, the 22911 zip code still experiences significant fluctuations in home values due to market conditions. For example, during the housing market crash in 2008-2009 there was a significant decrease in home values within this zip code. However, since then there has been an increase in home values which indicates that this area is experiencing strong demand for housing.