Home Insurance in Charlottesville, Virginia
Homes in Charlottesville carry a median value of $486,700 - close to the Charlottesville city median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Charlottesville was built around 1968. About 39% of homes were built before 1960, in line with Charlottesville city (39%).
In Charlottesville, the housing stock is 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.
67% of owner-occupied homes in Charlottesville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 44% of occupied homes in Charlottesville are owner-occupied.
55% of homes in Charlottesville are primarily heated with electricity.
Charlottesville city had 89 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Charlottesville city home insurance overview for all FEMA hazard ratings and flood coverage details.
In Virginia, the statewide average premium for a standard HO-3 homeowners policy is $1,537 per year (NAIC, 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 county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Charlottesville city | 89 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- 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)