Lovingston: Housing & Real Estate
$294,100 is the median home value in Lovingston, with median rent $232 (4.1× below Nelson County median $946; 6.8× below Virginia median $1,579). Homeownership rate: 50.4%. That's 1.1× below the Nelson County median ($321,700); 1.3× below the Virginia median ($383,700). Market is cold. Vacancy rate 31.3%. New construction makes up 5.7% of stock. 2 nursing facilities on file. A municipal building code is in effect.
- -0.0× annual income — home value vs. household income (vs Virginia 4.1×).
- 105.6 years to break even renting at the median (vs Virginia 19y).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
- Median rent 87% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $294,100 — 0.8× the Virginia median ($382,500). Median rent $232/month. homeownership rate 50.4% — below the U.S. share of ~65%.
| Fair Market Rent · Studio rent | $1,421 (vs Virginia $1,492) |
|---|---|
| Fair Market Rent · One-bedroom rent | $1,602 (vs Virginia $1,512) |
| Fair Market Rent · Two-bedroom rent | $1,824 (vs Virginia $1,713) |
| Fair Market Rent · Three-bedroom rent | $2,218 (vs Virginia $2,376) |
| Fair Market Rent · Four-bedroom rent | $2,731 (vs Virginia $2,797) |
| Fair Market Rent · HUD FMR area | Charlottesville, VA MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $307,845 |
| Median Home Value | $294,100 (vs Virginia $382,500) |
| Median Rent | $232 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | cold |
|---|---|
| Housing Market · Vacancy rate | 31.3% |
| Housing Market · New construction (% of stock) | 5.7% |
| Housing Market · Price Appreciation 2Yr | 2.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 92.1% (vs Virginia 49.4%) |
| Broadband · Broadband-capable premises | 290 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Broadband · 5G mobile coverage | 0.676190476 (vs Virginia 100.0%) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Other
| Homeownership Rate | 50.4% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1988 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12