Cities with the fastest growing home prices in Charlottesville metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Charlottesville metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Charlottesville, VA metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 32 cities and towns in Charlottesville.

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#30. Bremo Bluff, VA

- 1-year price change: +$17,993 (+9.6%)
- 5-year price change: +$49,265 (+31.7%)
- Typical home value: $204,755 (#30 most expensive city in metro)
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#29. Arrington, VA

- 1-year price change: +$18,279 (+10.2%)
- 5-year price change: +$53,564 (+37.1%)
- Typical home value: $198,126 (#31 most expensive city in metro)
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#28. Shipman, VA

- 1-year price change: +$20,005 (+10.6%)
- 5-year price change: +$60,711 (+40.9%)
- Typical home value: $209,079 (#29 most expensive city in metro)
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#27. Piney River, VA

- 1-year price change: +$20,676 (+11.9%)
- 5-year price change: +$52,802 (+37.4%)
- Typical home value: $194,000 (#32 most expensive city in metro)
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#26. Schuyler, VA

- 1-year price change: +$22,159 (+9.5%)
- 5-year price change: +$80,248 (+45.7%)
- Typical home value: $256,011 (#26 most expensive city in metro)

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#25. Wingina, VA

- 1-year price change: +$22,428 (+10.7%)
- 5-year price change: +$72,742 (+45.6%)
- Typical home value: $232,322 (#28 most expensive city in metro)
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#24. Lovingston, VA

- 1-year price change: +$24,277 (+9.0%)
- 5-year price change: +$80,276 (+37.7%)
- Typical home value: $293,335 (#25 most expensive city in metro)
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#23. Stanardsville, VA

- 1-year price change: +$26,544 (+9.4%)
- 5-year price change: +$85,223 (+38.2%)
- Typical home value: $308,269 (#21 most expensive city in metro)
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#22. Palmyra, VA

- 1-year price change: +$27,131 (+9.3%)
- 5-year price change: +$86,722 (+37.4%)
- Typical home value: $318,528 (#19 most expensive city in metro)
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#21. Tyro, VA

- 1-year price change: +$27,232 (+10.1%)
- 5-year price change: +$93,690 (+46.1%)
- Typical home value: $296,954 (#24 most expensive city in metro)

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#20. Roseland, VA

- 1-year price change: +$28,537 (+10.6%)
- 5-year price change: +$86,652 (+41.1%)
- Typical home value: $297,521 (#23 most expensive city in metro)
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#19. Scottsville, VA

- 1-year price change: +$28,997 (+9.9%)
- 5-year price change: +$96,932 (+43.2%)
- Typical home value: $321,208 (#17 most expensive city in metro)
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#18. Faber, VA

- 1-year price change: +$29,062 (+8.9%)
- 5-year price change: +$93,384 (+35.7%)
- Typical home value: $355,104 (#15 most expensive city in metro)
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#17. Ruckersville, VA

- 1-year price change: +$29,310 (+8.6%)
- 5-year price change: +$100,686 (+37.3%)
- Typical home value: $370,537 (#14 most expensive city in metro)
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#16. Montebello, VA

- 1-year price change: +$30,447 (+10.6%)
- 5-year price change: +$90,915 (+39.9%)
- Typical home value: $318,640 (#18 most expensive city in metro)

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#15. Barboursville, VA

- 1-year price change: +$32,941 (+8.9%)
- 5-year price change: +$115,963 (+40.4%)
- Typical home value: $402,897 (#11 most expensive city in metro)
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#14. Kents Store, VA

- 1-year price change: +$35,785 (+12.9%)
- 5-year price change: +$102,265 (+48.7%)
- Typical home value: $312,282 (#20 most expensive city in metro)
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#13. Afton, VA

- 1-year price change: +$38,020 (+10.1%)
- 5-year price change: +$117,532 (+39.4%)
- Typical home value: $416,191 (#10 most expensive city in metro)
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#12. Wintergreen, VA

- 1-year price change: +$41,007 (+11.3%)
- 5-year price change: +$100,907 (+33.4%)
- Typical home value: $402,738 (#12 most expensive city in metro)
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#11. Nellysford, VA

- 1-year price change: +$43,284 (+8.8%)
- 5-year price change: +$138,520 (+34.9%)
- Typical home value: $534,882 (#4 most expensive city in metro)

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#10. Troy, VA

- 1-year price change: +$43,906 (+12.9%)
- 5-year price change: +$117,880 (+44.3%)
- Typical home value: $384,252 (#13 most expensive city in metro)
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#9. Charlottesville, VA

- 1-year price change: +$44,294 (+10.8%)
- 5-year price change: +$137,011 (+43.0%)
- Typical home value: $455,557 (#7 most expensive city in metro)
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#8. Dyke, VA

- 1-year price change: +$46,230 (+12.1%)
- 5-year price change: +$125,301 (+41.5%)
- Typical home value: $426,928 (#9 most expensive city in metro)
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#7. Gordonsville, VA

- 1-year price change: +$47,186 (+16.2%)
- 5-year price change: +$118,841 (+54.0%)
- Typical home value: $339,106 (#16 most expensive city in metro)
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#6. North Garden, VA

- 1-year price change: +$49,188 (+12.7%)
- 5-year price change: +$116,497 (+36.3%)
- Typical home value: $437,741 (#8 most expensive city in metro)

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#5. Crozet, VA

- 1-year price change: +$49,997 (+10.5%)
- 5-year price change: +$127,761 (+32.2%)
- Typical home value: $523,976 (#5 most expensive city in metro)
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#4. Free Union, VA

- 1-year price change: +$55,898 (+10.3%)
- 5-year price change: +$144,536 (+31.8%)
- Typical home value: $598,987 (#2 most expensive city in metro)
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#3. Greenwood, VA

- 1-year price change: +$59,201 (+12.9%)
- 5-year price change: +$141,050 (+37.5%)
- Typical home value: $516,993 (#6 most expensive city in metro)
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#2. Earlysville, VA

- 1-year price change: +$60,062 (+11.6%)
- 5-year price change: +$144,654 (+33.2%)
- Typical home value: $579,994 (#3 most expensive city in metro)
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#1. Keswick, VA

- 1-year price change: +$98,903 (+15.4%)
- 5-year price change: +$196,233 (+36.0%)
- Typical home value: $741,969 (#1 most expensive city in metro)

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