Albemarle County VA Data & Peer Group Rankings

HOUSING AFFORDABILITY INDEX
Albemarle County VA Housing Affordability Index is 104 State of Virginia Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Albemarle County VA Wealth Index is 148 State of Virginia Wealth Index is 124
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.

POPULATION
Total Population	109,705 (100%)
Population in Households	103,004 (93.9%)
Population in Families	80,869 (73.7%)
Population in Group Quarters¹	6,701 ( 6.1%)
Population Density	152
Diversity Index²	44

INCOME
Median Household Income	$80,373
Average Household Income	$111,438
Per Capita Income	$43,516
Wealth Index⁴	148

HOUSING
Total Housing Units	47,415 (100%)
Owner Occupied HU	25,585 (54.0%)
Renter Occupied HU	17,053 (36.0%)
Vacant Housing Units	4,777 (10.1%)
Median Home Value	$384,765
Housing Affordability Index³	104

HOUSEHOLDS
Total Households	42,638
Average Household Size	2.42
Family Households	27,191
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Albemarle County VA - Peer Comparisons by Rank and Percentile

The table below compares Albemarle County to the other 133 counties / independent cities and county equivalents in Virginia by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	1.12%	1.13%
Households	1.21%	1.2%
Families	1.1%	1.11%
Median Household Income		2.46%
Per Capita Income		2.46%

Variable Description	Rank	Percentile
Total Population	# 17	88th
Population Density	# 55	59th
Diversity Index	# 69	49th
Median Household Income	# 23	83rd
Per Capita Income	# 11	92nd

Albemarle County VA Information

Albemarle County VA Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Albemarle County VA - Peer Comparisons by Rank and Percentile

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