Charlotte County, Virginia Housing Market Prices
Charlotte County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 126% above the Virginia median More expensive than 93% of counties in Virginia$578,125
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Median rent 54% below the Virginia median Cheaper than 94% of counties in Virginia$731
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Charlotte County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $578,125 | $256,082 | $248,835 |
| Price Trend (Annual %) | 56.8% | 3.5% | 7.5% |
| Median Gross Rent | $731 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Charlotte County is about 126% higher than in Virginia. Rent is about 54% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Charlotte County, up about 56.8% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Charlotte County rose about 29.2% between 2015 and 2024, from $566 to $731. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 9.9 yearly household incomes in Charlotte County.
Buying the median-priced home in Charlotte County costs roughly 65.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Charlotte County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Charlotte County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $578,125 | $256,082 | $248,835 |
| Median Household Income | $58,610 | $93,527 | $80,455 |
| Price-to-Income Ratio | 9.9 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in Charlotte County rose about 325.6%, while median household income rose about 32.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Charlotte County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 61.5% | 58.5% |
| Rental Rate | 19.9% | 29.8% | 31.2% |
| Vacancy Rate | 21.2% | 8.7% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Charlotte County has a homeownership rate of 58.8%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 21.2%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Charlotte County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1979 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Charlotte County was built around 1979. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Charlotte County, VA Housing Compared With Nearby Counties
How Charlotte County, VA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Charlotte County, VA | 11,422 | $578,125 #1/2 | $731 #2/2 | 74.7% #2/2 |
| Appomattox County, VA | 16,605 | $91,087 | $854 | 75.8% |
Frequently Asked Questions
Common questions about the housing market in Charlotte County, Virginia.
What is the median home price in Charlotte County, Virginia?
The median home price in Charlotte County, Virginia is $578,125, higher than the Virginia average of $256,082.
What is the average home price in Charlotte County, Virginia?
The typical home price in Charlotte County, Virginia, reported as the median sale price, is $578,125. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Charlotte County, Virginia?
The median gross rent in Charlotte County, Virginia is $731 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Charlotte County in 2020?
In 2020, the median gross rent in Charlotte County, Virginia was $639 per month.
What is the price-to-rent ratio in Charlotte County, Virginia?
The price-to-rent ratio in Charlotte County, Virginia is about 65.9, meaning it would take roughly 65.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Charlotte County.
Are home prices or rent rising faster in Charlotte County, Virginia?
Both home prices and rent are rising in Charlotte County, up about 56.8% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Charlotte County, Virginia?
58.8% of households in Charlotte County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Charlotte County, Virginia?
The housing vacancy rate in Charlotte County, Virginia is 21.2%, higher than the Virginia average of 8.7%.
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