Counties / Virginia / Charlotte County

Charlotte County, VA

FIPS 51037 · population 11,422 · outside every metro area

$190k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$190k
▲ 10.3% year over year
Zillow ZHVI · direct
ACS median gross rent
$732
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$914
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+92.3%not annualized · through 2025
0%ZILLOW ZHVI2026-06+10.3%FHFA HPI2025+37.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$144k
Surveyed gross rent$732
Rent burden 30%+51.3%
Median year built1981
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
21.3%vacant
5,973estimated housing units
Occupied tenure25.3% renter
owner 74.7%renter 25.3%
Structure mix72.3% single-family
Single-family 72.3%20+ units 0.6%Mobile home 24.0%Other 3.1%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs2,736▼ 0.0% from the prior annual release
Covered establishments448annual average reporting locations
Average weekly wage$954▲ 7.7% from the prior annual release
Largest private supersectorTrade, transportation, and utilities27.0% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−0.0%WEEKLY WAGE+7.7%Trade, transportation, and utilities27.0%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Charlotte County’s decision tension is price momentum versus unproven cash flow and carrying risk: buyers should investigate rent support and flood costs, while buyers relying on near-term cash flow should be cautious. Zillow’s county median home value was $189,938 in 2026-06, up 10.28% year over year. Separately, FHFA’s repeat-transaction HPI rose 37.56% in its 2025 annual reading. That supports the direction of appreciation, but the HPI is an index rather than a home value and does not share Zillow’s period or method.

02Housing economics

Housing economics cannot yet establish gross yield. County market asking rent is not published; HUD’s $914 two-bedroom Fair Market Rent is a payment standard, not a market-rent estimate, and cannot substitute in a yield calculation. Carrying costs include a 0.53% effective property-tax rate and $756 median annual property tax. Parcel-level taxes, insurance, financing, condition, utilities, and operating expenses are not published, preventing a rent-supported cash-flow or debt-service assessment.

03Demand & competition

At Realtor.com’s 2026-06 observation, the MLS market had 32 active listings, a 12.70% price-reduced share, and a 48.44% pending-to-active ratio. These are visible asking-market supply and seller-concession measures, not sale prices or standalone proof of buyer demand. In-migration exceeded out-migration and incoming mover income was higher, supporting a modest demand screen without showing where households settle or rent. Investors made 10% of purchases, showing participation rather than transaction-level competitive intensity.

04Risk & next checks

Risk limits remain material. Modeled expected annual building-value loss is 0.10%, with inland flood the dominant hazard; this county-level model is not a site-specific insurance quote or loss estimate. Annual QCEW workplace employment declined 0.04%; QCEW measures covered jobs at county workplaces, not resident employment or an outlook. Trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy. Next checks are flood zone and elevation, insurance quotes, market-rent comps, lease terms, parcel tax history, closed-sale comps, financing, vacancy, and expenses.

Cities & communities

Where people live within Charlotte County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Keysville town988Charlotte Court House town673Drakes Branch town435Phenix town418
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

4 Census places

Population
  1. 01
    Keysville townIncorporated place
    988
  2. 02
    Charlotte Court House townIncorporated place
    673
  3. 03
    Drakes Branch townIncorporated place
    435
  4. 04
    Phenix townIncorporated place
    418

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.096% of building value expected lost per year

Effective property tax0.53%

$756 median annual bill

02
DemandIRS SOI household flows
Net migration+33

250 in · 217 out

Arriving vs leaving income+$1,602

$43,132 arriving · $41,530 leaving

03
CompetitionHMDA financed purchases
Purchases by investors10.0%

8 of 80 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings32▲ 4.9% year over year
Median days on market59▼ 20.1% year over year
Listings price-reduced12.7%seller-concession signal
Median listing pricen/a▲ 13.2% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Achievable rent, vacancy, operating expenses, and financing terms may not support cash flow.
  2. Property-specific flood exposure and insurance costs may exceed county-level modeled risk framing.
  3. MLS supply, pending, and price-reduction measures may not translate into executable sale prices or durable buyer demand.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. County market rent is not published, and the $914 two-bedroom HUD FMR is a payment standard rather than market rent.

What share of purchases involved investors?

Investors made 10% of purchases, or 8 of 80 purchases.

What hazard requires property-level diligence?

Inland flood is the dominant hazard, and modeled expected annual building-value loss is 0.10%.