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Housing market/Virginia/ZIP 22902

ACS 2023 · FY2027 SAFMR

ZIP 22902 Charlottesville, Virginia

Charlottesville, VA MSA · Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
24,396
Households
11,334
Median HH income
$91,162
Renter share
47.3%
Median gross rent
$1,572
Vacancy
6.6%
Pop. change
-0.6%
2BR SAFMR
$1,850
SAFMR / rent
1.177×
2–49 unit stock
3,320
LIHTC proj / units
10 / 466
HUD assisted MF
8 / 274

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 22902 · VA — sent to you.

ZIP 22902 · VA

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ACS rent vs 2BR SAFMR

ZIP 22902 — Charlottesville, VA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,572
2BR SAFMR$1,850
90% floor$1,665
110% ceiling$2,035

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 22902

  • 1-unit detached6,21651.3%
  • 1-unit attached1,20910.0%
  • 2–4 units1,30810.8%
  • 5–49 units2,01216.6%
  • 50+ units1,0238.4%
  • Mobile3472.9%
TypeUnitsShare
1-unit detached6,21651.2%
1-unit attached1,20910.0%
2 units (duplex)7716.4%
3–4 units5374.4%
5–9 units5204.3%
10–19 units7676.3%
20–49 units7256.0%
50+ units1,0238.4%
Mobile3472.9%

2–4 unit share 10.8% · 5–49 unit share 16.6% · combined 2–49 27.4%.

Units by bedrooms

Studio
294
1BR
1,954
2BR
3,415
3BR
4,170
4BR
2,094
5+
207

Rent burden

Rent ≥30% of income41.3%
Rent ≥50% of income19.3%
  • ACS median gross rent $1,572 (all bedrooms, occupied rentals).
  • Median contract rent $1,430.
  • Renters paying ≥30% of income 41.3%; ≥50% 19.3%.
  • FY2027 2BR SAFMR $1,850 (1.177× ACS median gross rent).

Population

24,396 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 10 projects, 466 units.
  • HUD project-based assisted MF: 8 properties, 274 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 579 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 22902 47.3% of occupied households are renters; vacancy is 6.6%; ACS median gross rent is $1,572; population changed -0.6% between the 2018 and 2023 ACS vintages; the housing stock includes 1,308 units in 2–4-unit structures and 2,012 units in 5–49-unit structures; 10 LIHTC projects totaling 466 units; FY2027 2BR SAFMR is $1,850 versus ACS median gross rent of $1,572. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Virginia research

ZIP 22902 is a Census / HUD profile for Charlottesville, VA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 22902 — Charlottesville, VA HUD Section 8 Payment Standards / SAFMR·Virginia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
22901Charlottesville, VA MSA43.0%$1,612$1,75022903Charlottesville, VA MSA59.0%$1,479$1,71022904Charlottesville, VA MSA100.0%$1,104$1,71022905Charlottesville, VA MSA——$1,65022906Charlottesville, VA MSA——$1,65022908Charlottesville, VA MSA——$1,65022911Charlottesville, VA MSA29.4%$1,882$1,91022924Charlottesville, VA MSA——$1,74022931Charlottesville, VA MSA28.9%$825$1,65022932Charlottesville, VA MSA20.8%$1,713$1,94022935Charlottesville, VA MSA3.2%—$1,65022936Charlottesville, VA MSA9.8%$1,807$1,780

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Virginia research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 22902?

ZIP 22902 (Charlottesville, VA MSA) has 24,396 residents, 11,334 households, a renter share of 47.3%, median household income of $91,162, and ACS 2023 median gross rent of $1,572. Vacancy is 6.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 22902?

ACS counts 771 units in 2-unit buildings, 537 in 3–4 unit buildings, 520 in 5–9, 767 in 10–19, and 725 in 20–49. Combined 2–49 unit stock is 3,320 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 22902?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,850. See the full schedule and 90–110% payment-standard band on the ZIP 22902 — Charlottesville, VA HUD Section 8 Payment Standards / SAFMR.

Does this Virginia ZIP profile include Georgia listings?

No. ZIP 22902 is Census / HUD research for Charlottesville, VA MSA. Jeff Crowe CRE does not list Virginia property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.