How much is a home worth in ZIP code 22903?

The typical home in 22903 is worth $543,374, based on the Zillow Home Value Index.

Are home values rising in 22903?

Home values in 22903 are up 0.2% over the past year, and up 4.5% a year over five years.

What is the typical rent in 22903?

A typical home in 22903 rents for about $2,037 a month, a gross rental yield of 4.5%.

What is the property tax rate in 22903?

The effective property tax rate in 22903 is 0.8% — roughly $4,304 a year on a typical home.

ZIP code 22903 has a population of 40,372 and a median household income of $69,340.

HousingHandbookReference data

…

U.S. ZIP Code · VA22903

Albemarle County · Charlottesville, VA

Typical home value

$543,374^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.2%
5-year / yr: +4.5%
10-year / yr: +5.2%

Relative price

vs U.S.: +91.3%
vs metro: +33.4%
vs state: +65.5%

Price history

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

The typical home in 22903 is worth $543,374 — 33.4% above the Charlottesville, VA median. Over the past year, values have risen 0.2%. Homes here rent for a typical $2,037 a month — a 4.5% 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: $2,037^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,304^[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: 40,372^[3]
Median household income: $69,340^[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: 11
Elementary: 4
Middle: 4
High: 1

Walker Upper Elementary
Middle · Grades 5–6 · Charlottesville City Public Schools
604 students
Buford Middle
Middle · Grades 7–8 · Charlottesville City Public Schools
559 students
Jackson P. Burley Middle
Middle · Grades 6–8 · Albemarle County Public Schools
551 students
Jackson-Via Elementary
Elementary · Grades PK–4 · Charlottesville City Public Schools
351 students
Johnson Elementary
Elementary · Grades PK–4 · Charlottesville City Public Schools
329 students

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 yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$24,443

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$2,748

Loan principal$434,699

Down payment$108,675

Total interest paid$554,435

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 ratio1.75

Monthly cost to own$3,558

Monthly rent$2,037

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: 10th percentile^[1]
Rental yield: 14th percentile^[2]
Property tax: 89th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 22903?: The typical home in 22903 is worth $543,374, based on the Zillow Home Value Index.
Are home values rising in 22903?: Home values in 22903 are up 0.2% over the past year, and up 4.5% a year over five years.
What is the typical rent in 22903?: A typical home in 22903 rents for about $2,037 a month, a gross rental yield of 4.5%.
What is the property tax rate in 22903?: The effective property tax rate in 22903 is 0.8% — roughly $4,304 a year on a typical home.
Who lives in 22903?: ZIP code 22903 has a population of 40,372 and a median household income of $69,340.

#Comparable ZIPs

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

22901 vs 22903 →
Charlottesville, VA
Typical home
$535,690
Gross yield
4.1%
22959 vs 22903 →
North Garden CDP, VA
Typical home
$534,795
Gross yield
—
22911
Hollymead CDP, VA
Typical home
$518,860
Gross yield
5.3%
22958
Nellysford CDP, VA
Typical home
$569,525
Gross yield
—
22943
Afton CDP, VA
Typical home
$579,240
Gross yield
—
22902
Charlottesville, VA
Typical home
$490,599
Gross yield
5.0%

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

Compare ZIPs

Pit ZIP 22903 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · VA22903

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