How much is a home worth in ZIP code 22902?

The typical home in 22902 is worth $490,599, based on the Zillow Home Value Index.

Are home values rising in 22902?

Home values in 22902 are up 0.0% over the past year, and up 4.6% a year over five years.

What is the typical rent in 22902?

A typical home in 22902 rents for about $2,064 a month, a gross rental yield of 5.0%.

What is the property tax rate in 22902?

The effective property tax rate in 22902 is 0.8% — roughly $4,170 a year on a typical home.

ZIP code 22902 has a population of 23,486 and a median household income of $93,463.

HousingHandbookReference data

…

U.S. ZIP Code · VA22902

Albemarle County · Charlottesville, VA

Typical home value

$490,599^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: 0.0%
5-year / yr: +4.6%
10-year / yr: +5.3%

Relative price

vs U.S.: +72.7%
vs metro: +20.4%
vs state: +49.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 22902 is worth $490,599 — 20.4% above the Charlottesville, VA median. Over the past year, values have risen 0.0%. Homes here rent for a typical $2,064 a month — a 5.0% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,064^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,170^[3]

#Climate risk

FEMA National Risk Index ratings for Albemarle County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Relatively Low
Hurricane: Relatively Moderate
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 23,486^[3]
Median household income: $93,463^[3]

#Migration

Household moves in and out of Albemarle County over a year, from IRS tax-return data.

Net migration: +298^[5]
Moved in: 5,086
Moved out: 4,788

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 2
Middle: 0
High: 1

Monticello High
High · Grades 9–12 · Albemarle County Public Schools
1,204 students
Mountain View Elementary
Elementary · Grades PK–5 · Albemarle County Public Schools
756 students
Clark Elementary
Elementary · Grades PK–4 · Charlottesville City Public Schools
308 students
Blue Ridge Juvenile Detention Home
Not applicable · Department of Education State-Operated Educ Prgms
—
Monticello Governor's Health Sciences Academy
Not applicable · Albemarle County Public Schools
—

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$24,773

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,481

Loan principal$392,479

Down payment$98,120

Total interest paid$500,586

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.57

Monthly cost to own$3,237

Monthly rent$2,064

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 16th percentile^[1]
Rental yield: 29th percentile^[2]
Property tax: 96th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 22902?: The typical home in 22902 is worth $490,599, based on the Zillow Home Value Index.
Are home values rising in 22902?: Home values in 22902 are up 0.0% over the past year, and up 4.6% a year over five years.
What is the typical rent in 22902?: A typical home in 22902 rents for about $2,064 a month, a gross rental yield of 5.0%.
What is the property tax rate in 22902?: The effective property tax rate in 22902 is 0.8% — roughly $4,170 a year on a typical home.
Who lives in 22902?: ZIP code 22902 has a population of 23,486 and a median household income of $93,463.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

22911 vs 22902 →
Hollymead CDP, VA
Typical home
$518,860
Gross yield
5.3%
22920 vs 22902 →
Afton CDP, VA
Typical home
$449,946
Gross yield
—
22974
VA
Typical home
$447,784
Gross yield
—
22959
North Garden CDP, VA
Typical home
$534,795
Gross yield
—
22901
Charlottesville, VA
Typical home
$535,690
Gross yield
4.1%
22903
Charlottesville, VA
Typical home
$543,374
Gross yield
4.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 22902 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · VA22902

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