Although
Charlottesville might not be the most successful industrial city of Virginia, but as far as the
Charlottesville, Virginia real estate market goes,
it is undoubtedly one of the best. In fact, the city had even managed to attract as high as 39,162 of Virginia's population in 2003 only because the city is the best place to relocate to in the US. Proof of Charlottesville being the best city in the US, is provided by statistics showing, high standard of security along with reasonable cost of living that operates within the city. Most of the population that resides in the numerous real estate units of the city is young, since; the city houses the prestigious Virginia University and as such, has developed into a hub for education. The other population, who cannot ignore the city's abundant art and architecture, are the artists.
At present, the
Charlottesville, Virginia real estate market has a total of 17,591 housing units listed, among which a maximum of 16,851 units are occupied. The household size in Charlottesville is only 2 but the house vacancy rate is very low, just 1%. This low vacancy rate is due to the fact that the city is highly appealing to people who want to permanently relocate to the city. The price of real estate in Charlottesville is also very moderate with most units being valued at $50000 and hardly any housing unit being priced above $1,000,000. Since, the rate of employment is quite good in Charlottesville and people enjoy a median income of $31,007, it is quite reasonable for people of the city to invest in real estate within the city.
