ALBEMARLE COUNTY OFFICE OF HOUSING

Housing Profile

June 6, 2007 the Albemarle County Housing Committee presented a housing report, completed June 2007, to the Albemarle County Board of Supervisors.  For a more in depth demographic profile, please view the Housing Report.

The following is a brief summary of demographic information for Albemarle County.

2006 Median Home Sales Price:  $320,000

2005 Population	84,202
2000 Population	79236
Population Change 2000-2005	6%
Total Households	31,916
Median family income in 2005 (100% AMI)	$77,297
Median family income in 1999 (100% AMI)	$63,407
% Change Median family income 1999-2005	21%
Individuals below Poverly Line 2005	6.3%
Households with Public Assistance	422
% Population on Public Assistance	1%
Total Housing Units	39,065
Total Occupied Housing Units	35,558
Owner occupied	22,894
% Owner	64%
Median Values Owner Occupied Homes 2005*	$280,200
Median Values Owner Occupied Homes 2000*	$161,100
% Increase Median Value 2000-2005	74%
Renter occupied	12,694
% Renter	35%
2005 Median gross rent	$848
2000 Median gross rent	$712
% Change	16%

* Per 2005 U.S. Census Results. Data was derived from statistical sampling. Home value information is based on voluntary figures provided by homeowners and is not necessarily based on accurate, assessed value.