Home Insurance in Charlottesville city, Virginia
With a median home value of $486,700, Charlottesville city is 27% higher than the Virginia median.
The typical home in Charlottesville city was built around 1968. About 39% of homes were built before 1960, about 20 points above Virginia's 19%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Charlottesville city breaks down to 56% single-family homes, 29% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 67% of owner-occupied homes in Charlottesville city have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Charlottesville city has an owner-occupancy rate of 44% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
55% of homes in Charlottesville city are primarily heated with electricity.
FEMA's National Risk Index lists strong wind (Relatively High), earthquake (Relatively Low) and hurricane (Relatively Low) as the leading hazards for Charlottesville city. Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
As of September 2026, Charlottesville city has 89 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
The statewide average premium for a standard HO-3 homeowners policy in Virginia is $1,537 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $486,700 |
|---|---|
| Median year built | 1968 |
| Owner-occupied share | 44% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively High), Earthquake (Relatively Low), Hurricane (Relatively Low) |
| Active NFIP flood policies (county) | 89 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)