Homes For Sale Near UVA
$330,000
Active
500 Ridge St Charlottesville, Virginia
5 Beds 3 Baths 2,523 SqFt 0.19 Acres
$349,900
Active
234 Sunset Ave Charlottesville, Virginia
3 Beds 1 Baths 1,920 SqFt 0.24 Acres
$410,000
Active
238 Old Lynchburg Rd Charlottesville, Virginia
4 Beds 2 Baths 1,856 SqFt 0.16 Acres
$460,000
Active
807 Watson Ave Charlottesville, Virginia
3 Beds 3 Baths 1,496 SqFt 0.21 Acres
$474,900
Active
500 Hanover St Charlottesville, Virginia
3 Beds 2 Baths 1,910 SqFt 0.18 Acres
$485,000
Active
316 6 1/2 St Charlottesville, Virginia
2 Beds 2 Baths 1,540 SqFt 0.1 Acres
$490,000
Active
501 Ridge St Charlottesville, Virginia
5 Beds 2 Baths 3,194 SqFt 0.17 Acres
$495,000
Active
1623 Mason Ln Charlottesville, Virginia
3 Beds 1 Baths 825 SqFt 0.13 Acres
$525,000
Active
209 Old Lynchburg Rd Charlottesville, Virginia
4 Beds 3 Baths 2,228 SqFt 0.28 Acres
$610,000
Active
310 7th St SW Charlottesville, Virginia
3 Beds 3 Baths 1,618 SqFt 0.1 Acres
$650,000
Active
905 Page St Charlottesville, Virginia
3 Beds 3 Baths 1,920 SqFt 0.07 Acres
$699,900
Active
500 A Hanover St Charlottesville, Virginia
3 Beds 2 Baths 1,910 SqFt 0.32 Acres
$860,000
Active
536 Valley Rd Charlottesville, Virginia
7 Beds 4 Baths 4,051 SqFt 0.62 Acres
$899,000
Active
901 Rugby Rd Charlottesville, Virginia
4 Beds 5 Baths 4,684 SqFt 0.25 Acres
$1,175,000
Active
113 Altamont Cir Charlottesville, Virginia
5 Beds 4 Baths 4,712 SqFt 0.17 Acres
$1,475,000
Active
2425 Jefferson Park Ave Charlottesville, Virginia
6 Beds 4 Baths 4,456 SqFt 1.02 Acres
$1,500,000
Active
1108 East Jefferson St Charlottesville, Virginia
3 Beds 4 Baths 3,629 SqFt 0.21 Acres
$1,645,000
Active
410 Altamont Cir Charlottesville, Virginia
5 Beds 4 Baths 5,088 SqFt 0.24 Acres
$1,795,000
Active
409 Park St Charlottesville, Virginia
5 Beds 5 Baths 8,884 SqFt 0.17 Acres
$1,850,000
Active
1326 Rugby Rd Charlottesville, Virginia
6 Beds 4 Baths 5,697 SqFt 1.01 Acres
$1,895,000
Active
1895 Westview Rd Charlottesville, Virginia
7 Beds 6 Baths 6,262 SqFt 0.92 Acres
$1,995,000
Active
900 Rugby Rd Charlottesville, Virginia
4 Beds 4 Baths 5,443 SqFt 0.4 Acres
$2,585,000
Active
1112 Park St Charlottesville, Virginia
4 Beds 4 Baths 5,930 SqFt 1.11 Acres
$2,900,000
Active
42 Old Farm Rd Charlottesville, Virginia
4 Beds 3 Baths 5,794 SqFt 1.9 Acres
$4,450,000
Active
2440 North Dogwood Ln Charlottesville, Virginia
6 Beds 6 Baths 8,054 SqFt 6.68 Acres
Condos for Sale Near UVA Campus
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Townhomes for Sale Near UVA
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Exploring Homes for Sale Near UVA
Nestled in the heart of Central Virginia, Charlottesville is a city that seamlessly blends historical charm with modern vibrancy. At its core lies the University of Virginia (UVA), a prestigious institution founded by Thomas Jefferson in 1819, that not only shapes the city’s cultural and intellectual landscape but also significantly influences its real estate market. For prospective homebuyers, the allure of living near UVA is undeniable, offering proximity to academic excellence, cultural events, and a thriving community. This article delves into the world of homes for sale in Charlottesville, VA, near the University of Virginia, exploring the neighborhoods, market trends, and the expertise of local real estate professionals like Toby Beavers, a savvy Charlottesville real estate agent, and a 20-year Charlottesville Zillow realtor. Whether you’re searching for UVA real estate or homes for sale near UVA, this guide will provide valuable insights into the market.
The Appeal of Living Near UVA
The University of Virginia is more than just an educational institution; it’s a cornerstone of Charlottesville’s identity. With its stunning Palladian architecture, designed by Jefferson, UVA is a UNESCO World Heritage Site and a hub of intellectual and cultural activity. The university attracts a diverse population, including students, faculty, researchers, and professionals, all of whom contribute to the demand for UVA real estate. Living near UVA means access to world-class lectures, performances at the John Paul Jones Arena, and sporting events like Virginia Cavaliers basketball and football games, which draw massive crowds and create a lively atmosphere.
Beyond the university’s offerings, the surrounding area is rich with amenities. Downtown Charlottesville, just a short distance from UVA, features the historic Downtown Mall—a pedestrian-friendly stretch of shops, restaurants, and cafes. The city’s location at the foot of the Blue Ridge Mountains also provides endless opportunities for outdoor recreation, from hiking the Appalachian Trail to visiting nearby vineyards and wineries. For families, the proximity to top-rated schools, public and private, adds to the appeal of homes for sale near UVA. Albemarle County schools, ranked among the best in Virginia, boast high math and reading proficiency scores, while Charlottesville City Schools are also highly regarded.
However, the desirability of this area comes with a competitive housing market. The city’s landlocked geography limits new construction, particularly for single-family homes, driving up demand and prices for existing properties. As of mid-February 2024, only 17 single-family homes were listed for sale in Charlottesville, a stark indicator of the market’s tightness. The median sale price in December 2023 was $510,000, an 11.6% increase from the previous year, with 20% of homes selling at or above the asking price over the past three years. For buyers seeking homes for sale in Charlottesville, VA, near the University of Virginia, understanding the market dynamics and working with an experienced realtor are key to success.
Neighborhoods Near UVA: A Closer Look
Charlottesville’s neighborhoods near UVA offer a diverse range of housing options, from historic estates to modern townhomes, each with its own unique character. These areas are particularly appealing for those searching for UVA real estate or homes for sale near UVA. Here are some of the most sought-after neighborhoods:
Rugby Road and the Venable Neighborhood
Rugby Road, often cited as one of Charlottesville’s most desirable residential areas, is within walking distance of UVA’s “The Corner”—a vibrant strip of shops and eateries popular with students—and Scott Stadium, home to UVA football games. This neighborhood features charming streetscapes with large, tree-lined yards and estate-sized Colonial Revival homes. Recent sales in Rugby Road have ranged from $900,000 to $2 million, reflecting the premium buyers are willing to pay for proximity to the university. The Venable neighborhood, adjacent to Rugby Road, offers a mix of historic homes and more modest cottages, with prices starting around $800,000 for smaller properties and reaching up to $1.5 million for larger, seven-bedroom Colonial Revivals. These areas are ideal for buyers who value walkability and a deep connection to UVA’s history, making them prime spots for UVA real estate.
University Circle and Lewis Mountain
University Circle, located on one of UVA’s most sought-after streets, is another prime location for homes for sale near UVA. Properties here often come with unique features, such as income potential from rental units, making them attractive to investors as well as owner-occupants. A recent listing on University Circle, a mid-century home set on over half an acre, highlighted its flexibility with multiple apartments, each updated with modern amenities like new HVAC systems and fresh paint. The area’s zoning allows for such configurations, which are rare and highly coveted near the university. Lewis Mountain, nearby, offers a quieter setting with larger lots and a mix of architectural styles, including Georgian and Federal-style homes. These neighborhoods appeal to buyers seeking a balance of proximity to UVA and a more residential feel, making them excellent choices for those exploring UVA real estate.
Barracks Road
For those looking slightly farther from UVA’s Grounds but still within a short drive, the Barracks and 29 North areas provide excellent options for homes for sale near UVA. Barracks consists of established neighborhoods with a suburban feel, offering single-family homes and townhomes. Its proximity to the university and major retail options along Route 29 makes it a practical choice for families and professionals. 29 North, meanwhile, is known for its wide range of housing choices, from condos to luxury estates, and its easy access to shopping centers like Stonefield. These areas are particularly appealing for buyers who want to be near UVA but prefer a bit more space and modern amenities, offering a more affordable entry into the UVA real estate market.
Market Trends and Challenges
The UVA real estate market is characterized by high demand and limited supply, a combination that creates a competitive environment for buyers. The median home value in Charlottesville is $510,000, significantly higher than the national median of $308,980, reflecting the premium placed on the city’s desirable location and amenities. Homes within walking distance of UVA command the highest prices, as buyers—particularly faculty, staff, and parents of students—prioritize convenience. The university’s job growth, along with the influx of tech companies to the area, further fuels demand, ensuring that the market for homes for sale near UVA remains robust.
However, this competitiveness comes with challenges. The city’s landlocked nature means that new single-family home construction is rare, pushing buyers to compete for existing properties. Historic homes, which are abundant near UVA, often require specialized financing due to their age and preservation requirements, adding another layer of complexity. Additionally, while Charlottesville’s overall crime rate has been decreasing, its violent crime rate of 537.76 per 100,000 residents remains above the national average of 369.80, a factor that some buyers may consider when choosing a neighborhood.
For buyers interested in investment properties, the rental market near UVA is strong, with 54% of homes in Charlottesville being rented compared to 38% owned. This makes the area attractive for those looking to purchase UVA real estate for student housing or long-term rentals. However, navigating this market requires expertise, as zoning laws, property conditions, and tenant management can be complex.
The Role of a Savvy Charlottesville Realtor: Toby Beavers
In such a competitive market, working with an experienced real estate professional is essential. Toby Beavers, a savvy Charlottesville real estate agent, has been a trusted name in the area since 2003. As a 20-year Charlottesville Zillow realtor, he has built a reputation as one of the top realtors in the city, particularly for buyers seeking homes for sale near UVA. His intimate knowledge of the local market, combined with a commitment to personalized service, makes him an invaluable partner for homebuyers exploring UVA real estate.
Toby’s expertise spans a wide range of properties, from historic homes to luxury estates, and he has a particular knack for finding off-market listings—a critical advantage in a market where the best properties often sell through private transactions. His website, tobybeaversrealtor.com, offers a wealth of resources for buyers, including detailed neighborhood guides and market insights. Toby’s approach is client-centric; he takes the time to understand each buyer’s needs, whether they’re a first-time homebuyer, a UVA professor, or an investor looking for a rental property. His five-star reviews on Zillow speak to his professionalism, with clients praising his patience, negotiation skills, and deep understanding of Charlottesville’s unique real estate landscape, particularly in the realm of UVA real estate.
For those interested in historic properties near UVA, Toby’s experience is particularly valuable. He has represented buyers on some of the area’s most significant historic sales, including the birthplace of Zachary Taylor in Orange, VA. His passion for local history and architecture ensures that buyers of historic homes receive the guidance they need to navigate preservation requirements and secure appropriate financing. Whether you’re searching for a Georgian townhouse in Venable or a modern townhome in 29 North, Toby Beavers is a name you can trust to guide you through the process of finding homes for sale in Charlottesville, VA, near the University of Virginia.
Tips for Buyers of Homes For Sale Near UVA
For those considering homes for sale near UVA, here are a few tips to navigate the UVA real estate market:
1. Define Your Priorities: Determine what matters most—walkability to UVA, a historic property, or modern amenities. This will help narrow your search in a competitive market.
2. Work with a Local Expert: A realtor like Toby Beavers, with deep knowledge of the area, can provide insights into neighborhoods, market trends, and off-market opportunities for UVA real estate.
3. Be Prepared for Competition: With limited inventory, homes near UVA often receive multiple offers. Be ready to act quickly and consider working with your realtor to craft a competitive offer.
4. Consider Financing Options: Historic homes may require specialized loans, while investment properties near UVA can benefit from understanding rental market trends. A knowledgeable realtor can connect you with the right mortgage brokers.
5. Explore Beyond the Immediate Area: Neighborhoods like Ivy offer a balance of proximity to UVA and a more spacious, rural setting, often at a slightly lower price point than properties within walking distance, making them a great option for homes for sale near UVA.
Key Points
– Living near the University of Virginia (UVA) offers convenience for faculty, doctors, and staff, with various neighborhoods catering to different needs and budgets.
– Popular neighborhoods include Venable, Lewis Mountain, Fifeville, Barracks Road/Rugby, North Downtown, and Jefferson Park Avenue, each with unique features and price ranges.
– Home prices near UVA vary, with Venable and Lewis Mountain averaging around $1.2 million, while Fifeville offers more affordable options at about $378,000.
– The Charlottesville real estate market is competitive, with median prices at $484,000 as of April 2025, and homes selling quickly, often within a week.
Introduction to UVA Real Estate
If you’re considering a move near UVA, you’re in for a treat. The University of Virginia, located in Charlottesville, VA, is not just an academic powerhouse but also a major driver of the local real estate market. As a savvy Charlottesville realtor with 20 years of experience, I’ve seen how the proximity to UVA—both the main campus and the Medical Center—shapes housing preferences for faculty, doctors, and staff. Whether you’re browsing homes for sale Charlottesville, VA near UVA or searching for a house for sale near UVA hospital Charlottesville VA, there are neighborhoods that offer the perfect blend of convenience, charm, and community.
Neighborhood Highlights
Here’s a quick look at some top neighborhoods near UVA, each with its own appeal:
– 10th & Page: Known for historic homes and walkability to UVA, ideal for faculty.
– Rugby area: Rugby Road, Rugby Place, and Rugby Hills. Walk to UVA, very popular neighborhood. Pricey.
– Ednam: Located on the grounds of UVA’s Boar’s Head resort & Spirts Club. Offers single family homes, townhomes, and condos. Buy here now!
– Farmington: On the grounds of the vernerable & historic Farmington Country Club, a plantation designed by Thomas Jefferson. Very chic & pricey.
– Bellair, just outside the city’s western limits. Adjoins Birdwood Golf Course. Great neighborhood but no amenities. But there are just outside: Boar’s Head Sports Club & Farmington CC.
– Lewis Mountain: Prestigious area with mature landscaping, popular among UVA professionals.
– Fifeville: Affordable and close to the UVA Medical Center, great for doctors.
– Barracks Road: Affordable & offers shopping and dining, convenient for UVA staff.
– North Downtown: Vibrant urban living near the Downtown Mall, appealing to those who love city life.
– Jefferson Park Avenue (JPA): Right next to UVA, perfect for those wanting campus proximity.
These areas cater to diverse needs, from historic charm to modern convenience, ensuring there’s something for everyone near the university.
Survey Note: A Comprehensive Look at UVA Real Estate in Charlottesville
Charlottesville, Virginia, is a city defined by its deep ties to the University of Virginia (UVA), a prestigious institution that not only shapes the local culture but also significantly influences the real estate market. As Toby Beavers, a seasoned Charlottesville real estate agent with two decades of experience, I’ve had the privilege of assisting numerous UVA doctors, physicians, and faculty in finding their ideal homes near the university. This detailed survey explores the current state of UVA real estate, focusing on homes for sale near UVA, including those close to the UVA Medical Center, and highlights the neighborhoods that cater to this unique demographic.
The Appeal of Living Near UVA
Living near UVA offers unparalleled convenience for faculty, doctors, and staff. The main campus, located at 1827 University Avenue, is a hub of academic and cultural activity, while the UVA Medical Center at 1215 Lee St serves as a critical healthcare center, attracting medical professionals. The proximity to these institutions reduces commute times, enhances access to university resources, and fosters a sense of community among UVA affiliates. For those searching for UVA homes for sale or homes for sale near University of Virginia, the appeal lies in the blend of academic prestige, vibrant city life, and natural beauty, with the Blue Ridge Mountains as a scenic backdrop.
Current Market Conditions
As of April 11, 2025, the Charlottesville real estate market remains competitive, with a median home price of approximately $484,000, reflecting a 6.7% increase from the previous year. Homes are selling relatively quickly, with many going pending within a week, as noted by Zillow, which reports an average of 6 days to pending . This competitiveness is driven by the city’s appeal, bolstered by UVA’s economic influence, with steady demand for homes for sale near UVA. The market has seen a slight cooling, with days on market increasing to 47 days on average compared to 31 days last year, but inventory remains tight, with only 355 homes actively listed in February 2025.
In-Depth Neighborhood Profiles
Given the proximity to both the main campus and the Medical Center, several neighborhoods stand out for UVA affiliates. Below, I’ll detail each, drawing on my extensive experience and local knowledge.
Venable
Location and Proximity: Venable is located just north of the UVA Grounds, making it one of the most convenient neighborhoods for university faculty and staff. It’s within walking distance to the Rotunda and academic buildings, ideal for those who prefer not to drive.
Home Styles and Architecture: Known for its historic homes, Venable features a mix of Colonial Revivals, Craftsman bungalows, and early 20th-century residences. Many properties have been lovingly restored, offering period details like hardwood floors and fireplaces, with some modern updates for contemporary living.
Average Home Prices and Market Trends: Homes in Venable command premium prices, with average sale prices around $1.2 million. This reflects high demand, with 36 homes sold in the last 12 months, per Homes.com data. The neighborhood has seen consistent growth, with a compounding annual growth rate of 4.2% from 2013 to 2017, indicating strong investment potential.
Amenities and Attractions: Residents enjoy easy access to the Downtown Mall, local parks like Madison Bowl Park, and top-rated schools like Venable Elementary. The neighborhood’s tree-lined streets and historic charm make it a favorite, with restaurants like Roots Natural Kitchen and the Virginian nearby .
Why It’s Attractive to UVA Affiliates: The ability to walk or bike to UVA, combined with the neighborhood’s historic appeal and strong community, makes Venable highly sought after by faculty. In my experience, many UVA professors appreciate the proximity to campus for late-night work or attending events, and I’ve helped several find their dream homes here, such as a 1920s Craftsman bungalow that perfectly suited a retiring professor’s needs.
Lewis Mountain
Location and Proximity: Lewis Mountain is adjacent to UVA, particularly close to the Law School and Darden School of Business. It’s a short drive or walk to the main campus, offering convenience for faculty and staff.
Home Styles and Architecture: The area features a mix of single-family homes with mature landscaping and unique architectural designs. Homes often boast charming details, with spacious lots averaging around 0.5 acres, perfect for families or those seeking privacy.
Average Home Prices and Market Trends: Average home prices in Lewis Mountain are around $1.2 million, with 15 homes sold since January 2023, per my records. The neighborhood’s prestige is reflected in its high values, with recent sales showing stability despite market fluctuations.
Amenities and Attractions: Residents can walk to Scott Stadium for football games or attend events at the John Paul Jones Arena. The neighborhood also offers quick access to shopping and dining along Emmet Street, including Foods of All Nations, a local favorite.
Why It’s Attractive to UVA Affiliates: Its proximity to UVA, combined with a quiet, residential atmosphere, makes Lewis Mountain ideal for faculty seeking a balance between work and home life. I’ve assisted several UVA administrators in finding homes here, appreciating the mature landscaping and community feel, such as a retiring faculty member downsizing to a cozy cottage near campus.
Fifeville
Location and Proximity: Fifeville is situated just south of the UVA Medical Center, making it an excellent choice for medical professionals. It’s within walking distance to the hospital, ideal for UVA doctors and physicians who need quick access for on-call duties.
Home Styles and Architecture: The neighborhood offers a diverse range of housing options, from historic cottages to modern townhomes. It’s currently undergoing revitalization, with new constructions adding to the mix, appealing to a broad range of buyers.
Average Home Prices and Market Trends: With typical home values around $378,000, Fifeville provides more affordable options compared to Venable and Lewis Mountain. This affordability, combined with 4 homes currently for sale, makes it a smart investment, especially for medical professionals.
Amenities and Attractions: Proximity to West Main Street offers residents a variety of dining and shopping options, such as The Local and Mas Tapas. Forest Hills Park provides green space, playgrounds, and recreational opportunities, enhancing the neighborhood’s appeal.
Why It’s Attractive to UVA Affiliates: Fifeville’s affordability and convenience make it particularly attractive to UVA doctors and physicians. I’ve helped numerous medical professionals find homes here, such as a physician couple who needed a renovated historic home within walking distance to the hospital, appreciating the balance of cost and location.
Barracks Road/Rugby
Location and Proximity: This area is north of UVA, encompassing the Barracks Road Shopping Center and surrounding residential streets. It’s a short drive via Emmet Street, offering convenience for UVA staff and faculty.
Home Styles and Architecture: The neighborhood features a mix of mid-century homes, newer constructions, and some historic properties. It’s known for well-maintained lawns and family-friendly atmospheres, with homes ranging from bungalows to larger estates.
Average Home Prices and Market Trends: Average sale prices are around $1.3 million, with homes selling quickly, averaging 8 days on market. This reflects the area’s desirability, with 7% annual growth in sale prices over the last year, per Homes.com data.
Amenities and Attractions: The Barracks Road Shopping Center offers a wide range of retail stores, restaurants, and services, including Harris Teeter and chain eateries. The neighborhood is also close to the Meadow Creek Golf Course and several parks, enhancing recreational options.
Why It’s Attractive to UVA Affiliates: The combination of convenient shopping, dining, and recreational options, along with quick access to UVA, makes this area appealing to UVA faculty and staff. I’ve assisted several staff members in finding homes here, valuing the proximity to both campus and amenities.
North Downtown
Location and Proximity: North Downtown is located just north of the Downtown Mall, within walking distance to both the mall and UVA, offering an urban lifestyle for those near the university.
Home Styles and Architecture: This area features a mix of historic homes, modern condos, and townhouses. The architecture is diverse, reflecting the neighborhood’s evolution, with many properties offering contemporary updates.
Average Home Prices and Market Trends: Home prices vary widely, with a median around $600,000, providing options for different budgets. The area has seen steady demand, with homes selling within 30-60 days, per local market reports.
Amenities and Attractions: Residents enjoy the vibrant urban lifestyle, with easy access to restaurants, shops, theaters, and cultural events on the Downtown Mall. The neighborhood also has several parks and is close to the Rivanna Trail for outdoor activities.
Why It’s Attractive to UVA Affiliates: For those who appreciate urban living and want to be close to both UVA and downtown amenities, North Downtown is an excellent choice. I’ve helped faculty members find condos here, appreciating the walkability and cultural offerings.
Jefferson Park Avenue (JPA)
Location and Proximity: JPA is directly adjacent to UVA, running along the southern edge of the Grounds, offering immediate access to campus facilities.
Home Styles and Architecture: The area has a mix of single-family homes, apartments, and student housing. Many homes are older, with some dating back to the early 1900s, offering a mix of historic and modern options.
Average Home Prices and Market Trends: Prices range from $300,000 to $800,000, depending on the property type and condition, making it accessible for various budgets. The market is active, with steady sales reflecting UVA’s influence.
Amenities and Attractions: JPA offers easy access to UVA’s academic buildings, libraries, and sports facilities. The neighborhood has a lively atmosphere with coffee shops, restaurants, and small businesses catering to the university community.
Why It’s Attractive to UVA Affiliates: Its immediate proximity to UVA makes JPA ideal for faculty and staff who prefer to live very close to campus, especially those who enjoy being part of a dynamic, student-oriented environment. I’ve assisted several faculty members and med students finding homes here, valuing the convenience for daily commutes.
Insights from My Experience
Over my 20 years as a Charlottesville realtor, I’ve had the privilege of assisting numerous UVA clients in finding their perfect homes. One memorable experience was helping a UVA physician couple find a home in Fifeville. They were looking for a property within walking distance to the hospital, and we found a beautifully renovated historic home that fit their needs perfectly. They appreciated the neighborhood’s character and the short commute, which allowed more time with their family.
Another client, a UVA professor, was drawn to the historic charm of Venable. After touring several properties, they fell in love with a 1920s Craftsman bungalow that had been meticulously maintained. The ability to walk to their office and enjoy the neighborhood’s community events was a major selling point.
In Lewis Mountain, I helped a retiring faculty member downsize from a larger home in the county to a cozy cottage near campus. They wanted to stay connected to the university community and enjoy the cultural offerings without the maintenance of a large property.
These experiences highlight how different neighborhoods cater to various preferences and lifestyles, all while keeping UVA within reach. Whether it’s the convenience for doctors at the Medical Center or the academic proximity for faculty, I’ve seen firsthand how these areas meet the unique needs of UVA affiliates.
Investment Potential and Future Outlook
Living near UVA ensures steady demand for housing, given the constant influx of students, faculty, and staff. Homes in these neighborhoods tend to hold their value well, even during market downturns, due to UVA’s economic stability. For example, Venable and Lewis Mountain have shown consistent appreciation, with growth rates reflecting their desirability. For those considering a house for sale near University of Virginia, the investment potential is strong, especially with upcoming developments like new university facilities or infrastructure improvements that could further boost property values.
With a good twenty-two years of experience navigating the ins and outs of this wonderful Charlottesville real estate market, if there’s one area I’ve come to know like the back of my hand, it’s the streets and neighborhoods surrounding the historic and ever-vibrant University of Virginia. When you’re looking for UVA Charlottesville homes for sale, or more broadly, homes near the University of Virginia, you’re not just buying property; you’re investing in a lifestyle and a location that’s unlike any other in Central Virginia.
The UVA real estate Charlottesville market is a dynamic one, constantly influenced by the rhythms of academic life, the stability of the UVA Health System, and the sheer desirability of living in a culturally rich, historically significant, and naturally beautiful area. Over my two-plus decades in this business, I’ve helped countless faculty members, staff, doctors, nurses, families, alumni, and yes, even savvy investors, find their perfect spot near Mr. Jefferson’s University. So, let’s take a stroll, shall we, and explore what makes this area so special and what you should know if you’re in the market.
Walkable Homes Near UVA: The Golden Ticket
Let’s start with what many consider the golden ticket: walkable homes near UVA. The allure of being able to leave your car keys on the hook and stroll to Grounds, the UVA Hospital, Scott Stadium, or “The Corner” for a bite to eat is incredibly strong. It’s a lifestyle choice that promotes health, reduces stress, and keeps you deeply connected to the University community.
Neighborhoods like Lewis Mountain, University Circle (often referred to as Faculty Row), and parts of the Rugby Road and Jefferson Park Avenue (JPA) areas offer this coveted walkability. Lewis Mountain, for instance, is a beautiful, established neighborhood with a mix of stately Colonials, charming Cape Cods, and other classic 20th-century homes, many on generous, maturely landscaped lots. It’s a favorite among professors and UVA leadership. You’ll find that properties here, when they come on the market, are highly sought after, often commanding prices from the $700,000s to well over $1.5 million, depending on size, condition, and specific location.
University Circle, originally developed with faculty in mind, offers an almost unparalleled proximity to central Grounds.3 Homes here are steeped in history and character, and the convenience factor is off the charts. Listings in University Circle can range significantly, sometimes from the high $800,000s into the multi-millions, with some properties even offering valuable rental units, making them attractive for both primary residence and investment purposes.
The JPA corridor offers a more eclectic mix, with single-family homes, duplexes, and, as we’ll discuss, a good number of condominiums. It’s a vibrant area, popular with students, medical staff, and those who enjoy being in the thick of things. Walkability here means easy access to UVA Hospital, the School of Medicine, and various academic buildings.
When considering walkable homes, remember that “walkable” can be subjective. For some, a 10-minute easy walk is key; for others, a 20-minute more brisk walk is perfectly acceptable. It’s important to define what it means to you and to explore these areas on foot to get a true feel for the distances and the environment. As your realtor, I can help you pinpoint the streets and pockets that best match your walkability desires and lifestyle.
Condos for Sale Near UVA Campus: Convenience and Community
For those seeking a lower-maintenance lifestyle, an investment opportunity, or perhaps a perfect pied-à-terre, condos for sale near UVA campus are an excellent option. The demand for well-located condos is consistently strong, driven by graduate students, medical residents and fellows, faculty, alumni who return frequently for events, and parents of students.
You’ll find a variety of condominium complexes in the UVA orbit. Walker Square, for example, located off JPA, is a popular choice offering amenities like a pool, fitness center, and clubhouse, all within a comfortable walk or bike ride to Grounds and the hospital. Prices for one or two-bedroom units here can vary, generally falling in the $300,000s to low $500,000s based on size, floor, and condition. Another area with condos is around Wertland Street and 14th Street, right in the heart of student life and very close to The Corner. These units are prime for student rentals but can also suit individuals who thrive on that energetic atmosphere.
You might also find condo options along the Emmet Street corridor or even a bit further out but still offering easy bus access to UVA. Some buildings, like those on Monroe Lane, offer more upscale condo living right by the University. Prices can range quite a bit, with smaller, older units perhaps starting in the $200,000s, while larger, newer, or more luxuriously appointed condos in prime spots can reach $500,000 and above.
When considering a condo, it’s crucial to look at the Homeowners Association (HOA) or Condo Owners Association (COA) fees and what they cover. These fees typically include exterior maintenance, trash removal, snow removal, and often some utilities and amenity access. Understanding the financial health of the association and its rules and regulations is a key part of the due diligence process. I always advise my clients to thoroughly review these documents.
Family Homes Near UVA Charlottesville: Balancing Academics and Amenities
While the immediate vicinity of UVA is often associated with students and faculty, there are fantastic neighborhoods perfect for families who want to be close to the University but also desire good schools, parks, and a more traditional residential feel. Finding family homes near UVA Charlottesville involves looking at neighborhoods that offer a bit more space, both indoors and out, and are zoned for desirable Albemarle County or Charlottesville City schools.
Neighborhoods like Greenbrier, known for its excellent schools and spacious homes, or Fry’s Spring, with its historic charm, community pool, and proximity to both UVA and downtown, are excellent choices for families. While not always “walkable” in the same way as Lewis Mountain might be to Central Grounds, they often offer an easy bike ride or a very short drive. These areas provide a wonderful balance of community, convenience, and access to the University’s cultural and sporting events, which can be a real perk for families.
In these areas, you’ll find a broader range of housing styles and price points. Mid-century ranches, traditional two-story homes, and even some newer construction or significant renovations can be found. Prices for family homes in these desirable, UVA-proximate neighborhoods can range from the $500,000s to over a million, depending on the specific location, size, lot, and level of updates. It’s worth noting that the competition for well-maintained family homes in good school districts near UVA can be quite keen.
The Market Dynamics of UVA Real Estate
The presence of a major research university like UVA, coupled with a world-class academic medical center, creates a uniquely resilient and consistently strong real estate market. Here’s what I’ve observed over my 22 years:
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Consistent Demand: There’s always a new influx of students, faculty, researchers, and medical professionals needing housing. This creates a baseline demand that helps stabilize prices and minimize vacancies, particularly for rental properties. Properties within a two-mile radius of UVA often command a premium, sometimes 15-20 percent higher, precisely because of this steady demand.
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Investment Potential: For investors, properties near UVA can be very attractive. Student rentals, in particular, can offer solid returns, though they do require active management or a good property manager. I’ve seen investors achieve annual returns in the 6-8 percent range from well-chosen student or faculty rentals. Short-term rentals (like Airbnb) can also be lucrative, especially for properties walkable to the Downtown Mall or key UVA venues, potentially generating even higher returns, though it’s essential to be well-versed in local short-term rental regulations.
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Appreciation: Historically, well-located properties in Charlottesville, particularly those near UVA, have shown reliable appreciation. While the market has its ebbs and flows, the long-term trend has been positive, often outpacing national averages. This isn’t a get-rich-quick market, but one that rewards patient, savvy investment.
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Inventory Challenges: The desirability of the UVA area, combined with geographic constraints and some zoning limitations, means that inventory, especially for certain types of properties (like charming, walkable single-family homes), can be tight. This is why it’s so important to be prepared as a buyer – have your financing in order and be ready to act when the right property comes along. Sometimes, the best opportunities are off-market listings, which a well-connected local realtor can help you access.
Considerations for Buyers Near UVA
While the allure is strong, there are a few things to keep in mind when looking at UVA Charlottesville homes for sale:
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Student Population Density: In areas immediately adjacent to Grounds, particularly along JPA, Rugby Road, and The Corner, you will have a higher concentration of student housing. This can mean more noise at certain times, higher turnover of neighbors, and a different kind of neighborhood vibrancy. For some, this is exciting; for others, a quieter, more residential area slightly further out is preferable.
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Parking: In the most walkable areas, on-street parking can be challenging, and off-street parking is a prized commodity. Always clarify the parking situation for any property you’re considering.
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Age of Housing Stock: Many of the homes in the older, most walkable neighborhoods were built in the early to mid-20th century. While this means charm and character, it can also mean older systems (plumbing, electrical, HVAC) that may need updating or replacement. A thorough home inspection is always critical.
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Competition: As mentioned, desirable properties, especially those that are well-priced and in good condition, tend to sell quickly and may attract multiple offers. Working with an agent who can help you craft a strong, competitive offer is essential.
My Role as Your UVA Real Estate Specialist
Navigating the nuances of the UVA real estate market requires more than just access to listings. It requires an understanding of the different micro-neighborhoods, the specific needs of UVA-affiliated buyers and sellers, and the underlying market forces at play.
For faculty and staff, the convenience of a short commute, access to University resources, and a connection to the academic community are often paramount. I understand these priorities and can help you find a home that truly supports your work-life balance. For families, it’s about finding that sweet spot of UVA proximity combined with great schools and community amenities. For investors, it’s about identifying properties with strong rental demand and good long-term appreciation potential.
Whether you’re searching for that perfect historic home in Lewis Mountain, a low-maintenance condo in Walker Square, a comfortable family home in Greenbrier, or an investment property near The Corner, my 22 years of experience in this specific market segment allows me to provide you with unparalleled insights and guidance. I can help you understand fair market value, negotiate effectively, and connect you with trusted local resources, from lenders to home inspectors to contractors.
The UVA area isn’t just a location; it’s a community and a way of life. If you’re considering making it your home, or investing in its vibrant real estate market, I’d be honored to be your guide. Feel free to reach out, and let’s talk about how we can find your perfect piece of Charlottesville, right here in the shadow of the Rotunda.
My Conclusion
In conclusion, UVA real estate offers a wealth of opportunities for those seeking homes for sale near UVA or houses for sale near UVA hospital. Neighborhoods like Venable, Lewis Mountain, Fifeville, Barracks Road/Rugby, North Downtown, and Jefferson Park Avenue each provide unique benefits, from historic charm to urban convenience. With over 22 years of experience, I have a deep understanding of the market and can help you navigate the competitive landscape to find the perfect home that meets your needs and budget. If you’re considering a move, don’t hesitate to reach out for personalized assistance and expert guidance.
Charlottesville, VA, near the University of Virginia, is a real estate market that offers something for everyone—from historic homes steeped in tradition to modern townhomes with all the latest amenities. The area’s proximity to UVA, combined with its rich cultural scene and natural beauty, makes it a highly desirable place to live, but also a challenging market to navigate. For buyers, partnering with a seasoned professional like Toby Beavers, a savvy Charlottesville real estate agent and a 20-year Charlottesville Zillow realtor, can make all the difference. With his expertise, buyers can find their dream home, whether it’s a Colonial Revival on Rugby Road, a rental property on University Circle, or a luxurious estate in Ivy. As Charlottesville continues to grow and evolve, the opportunity to own a piece of this vibrant community through UVA real estate or homes for sale near UVA remains a compelling prospect for homebuyers.
This is Toby Beavers, and I look forward to helping you with all your UVA real estate needs.
You may call or text Toby at 434-327-2999
