www.zillow.com/research/

APRIL2019 Charlottesville Metro

National Rents

Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%

Charlottesville Metro Rents

Current: $1,551Monthly Change: 0.3%Annual Change: 7.1%

Breakeven Horizon2.5 years

Major Cities - Rents

CharlottesvilleCurrent: $1,689Monthly Change: 0.2%Annual Change: 5.2%Breakeven Horizon: 2.7 years

PalmyraCurrent: $1,430Monthly Change: 0.4%Annual Change: 4.6%Breakeven Horizon: 2 years

RuckersvilleCurrent: $1,464Monthly Change: 0.5%Annual Change: 6.1%Breakeven Horizon: 2.1 years

CrozetCurrent: $1,852Monthly Change: 0.7%Annual Change: 4%Breakeven Horizon: 2.8 years

DillwynCurrent: $1,185Monthly Change: -0.5%Annual Change: 3.1%Breakeven Horizon: –

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZRI Year-over-Year-2.9% -2.8% - -2.9% -2.8% - -0.9% -0.8% - -0.7% 0.8% - 1.3% 1.4% - 3.1% 3.2% - 4.7% 4.8% - 6.2% 6.3% - 9.0%

Metro Cities: Top/Bottom by Annual Rent AppreciationTop:North Garden 9%

Troy 6.2%

Ruckersville 6.1%

Roseland 5.4%

Charlottesville 5.2%

Bottom:Esmont -2.9%

Schuyler -2.9%

Scottsville -0.9%

Earlysville -0.7%

Bremo Bluff 0.8%

Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Fry Springs 15.9%

Blue Ridge-Rugby Ave 15%

Greenbrier 11.8%

Ridge St 11.5%

North Downtown 10.6%

Bottom:Jefferson Park 7.6%

Fifeville 7.7%

Woolen Mills 7.8%

Johnson Village 8%

Belmont 8.1%

How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The

ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices

are above this number and half are below.

What is the Breakeven Horizon? The Breakeven Horizon in the number of years you

must live in a home before owning the same home becomes more financially advantageous

than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,

it is financially better for you to rent in ’City X’ unless you plan on living there for more

than 5.5 years.

APRIL2019

*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at

www.zillow.com/research/data or by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Afton 2.3 1,499 4.7 1Arrington 1.3 1,159 2.9 0.9Barboursville 2.9 1,476 4.7 0.9Bremo Bluff 1,197 0.8Buckingham 1,170 2.5Charlottesville 2.7 1,689 5.2 1,600 1.2Crozet 2.8 1,852 4 1.1Dillwyn 1,185 3.1Earlysville 3 1,945 -0.7 1Esmont 1.6 1,212 -2.9 1Faber 2.4 1,404 4 1Free Union 3.8 1,789 2.8 1.1Keswick 3.9 2,373 1.2 1Lovingston 1.8 1,317 2.1 0.9Nellysford 3 1,725 4.7 0.9

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North Garden 1,611 9 1.1Palmyra 2 1,430 4.6 0.8Roseland 2.1 1,435 5.4 1.1Ruckersville 2.1 1,464 6.1 1Schuyler 1.2 1,231 -2.9 1Scottsville 1,277 -0.9 1Shipman 1.3 1,188 2.3 0.9Stanardsville 1.8 1,348 3.9 1Troy 2.5 1,540 6.2 0.8Wingina 1,206 1.3 0.9

Largest Neighborhoods Covered by Zillow

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Belmont 2.2 1,484 8.1 1.3Blue Ridge 2.3 2,135 15 1.5Fifeville 2.1 1,457 7.7 1.4Fry Springs 2.1 1,678 15.9 1.4Greenbrier 4.7 1,949 11.8 1.2Jefferson Park 2.1 1,537 7.6 1.6Johnson Village 1,801 8 1.3North Downtown 2.8 2,158 10.6 1.5North East 4.3 1,643 8.7 1.4Ridge St 2.1 1,560 11.5 1.2

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Venable 2.3 2,364 9.4 1.5Woolen Mills 2.3 1,501 7.8 1.3