Interested in purchasing investment houses in the 22940 zip code in Free Union, VA?
The zip code 22940 is in both Albemarle and Greene counties with a latitude of -78.592640000000 and longitude of 38.202600000000, is in the state of Virginia. The average asking price of houses and condos is $672,222.00 and the average sale price was $2,692,500.00. this regions is classified as the Charlottesville metro area and is in the 434 area code. The location in degrees is 38° 12' 9.36" N, 78° 35' 33.504" W. The county F.I.P.S. is 51003. The total land area is 31.4 square miles and the water area is 0.1 square miles. The elevation in this area is 525 - 2763 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 22940 is in county number 079 and is L. Sector 95, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 1,421 in 2019 and 1,119 in 2010. This further breaks down to 656 males (46.2%) and 764 females (53.8%). The median age of residents is 50.6 years. The population of the greater Charlottesville, VA area is 199,492. The population density (people per square mile) is 45. This zip code has a combined total of 590 houses and condos. There are 83 rented appartments. 16% of residents rent versus the 16% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $151,325 and the average salary is $55,343. The median household income of individuals is $58,012.00 and the average is $157,270.00. This zip code has a mean commute time to work of 22.2 minutes. Income earners by percent breakdown as 43.10% (Under $50,000), 29.90% ($50,000-$100,000), and 27.00% earn over $100,000. 14.6% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 93.0. The educational breakdown is 81.6% have a high school education or higher, 41.1% have a bachelor's degree or higher, and 16.5% have some kind of profesional degree.
This area has 413 households and the average size is 2.5 people. Individuals who are single and have never been married are 15.7%, 65.7% are now married, 6.5% are separated, 9.0% are widowed, and 3.1% are divorced. The average yearly contribution amount given by people to charity was $15,344 versus the state average of $4,443. The percent of residents who gave to charity was 28.6%.
The estimated median value of houses and condos is $446,058. The median monthly owner costs of mortgage holders was $2,007, where as the costs for those who don't have a mortgage are $458. The median number of rooms in houses and condos are 7.8 versus apartments which had a median number of 7.0.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $2,926. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,322. The median housing property tax percent for residents with mortgages was 0.5% which amounted to an average tax amount of $2,862. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $3,002. Reported taxable interest for persons was $4,932, dividends $19,935, capital gains +$46,800, and itemized deductions $43,176. The average earned income tax credit is $1,943. The percent of individuals that use a tax preparer is 54.0%. The total average income taxes paid by individuals was $18,296. Businesses reported an average profit of $39,244.
Glass House Winery
5898 Free Union Rd, Free Union, VA 22940
Maybelle's
8609 Dyke Rd, Dyke, VA 22935 (5.5 miles away)
E-Ville Grill
600 Earlysville Grn, Earlysville, VA 22936 (5.7 miles away)
Timbercreek Market
2245A Garth Rd, Charlottesville, VA 22901 (7.1 miles away)
Public West
1015 Heathercroft Cir Ste 400, Crozet, VA 22932 (8.2 miles away)
Greencroft Club
Ivy, VA 22945 (8.9 miles away)