Home Values

In this report we examine Albemarle County real estate data (Albemarle County 2022) using the R Statistical Computing Environment (R Core Team 2021). Visualizations were created with the ggplot2 (Wickham 2016) and plotly (Sievert 2020) packages.

The median home value in the Western Albemarle high school district is currently $500,400, which is much higher than median home values in the Monticello and Albemarle districts. The Albemarle high school district has the most homes with 12,559.

Median home values by high school district
HS District Number of Homes Median Value
Albemarle 12,559 $377,500
Monticello 10,584 $388,000
Western Albemarle 9,361 $500,400

The current real estate tax rate in Albemarle County is $.854 per hundred of assessed value. For example, a home valued at $400,000 will owe the following:

\[ \frac{\$400,000}{100} \times \$0.854 = \$3,416 \]

p <- ggplot(homes_year_hs) +
  aes(x = yearbuilt, y = n, color = hsdistrict) +
  geom_line() +
  scale_color_discrete("High School\nDistrict") +
  labs(x = "Year Built", y = "Number Homes Built",
       title = "Number of Homes Built Since 2000")
ggplotly(p)

This report was generated on 2022-02-23 using R version 4.1.2. Plots created with the ggplot2 (3.3.5) and plotly (4.10.0) packages.

References

Albemarle County. 2022. “GIS Data - Parcels.” https://www.albemarle.org/government/community-development/gis-mapping/gis-data.
R Core Team. 2021. R: A Language and Environment for Statistical Computing. Vienna, Austria: R Foundation for Statistical Computing. https://www.R-project.org/.
Sievert, Carson. 2020. Interactive Web-Based Data Visualization with R, Plotly, and Shiny. Chapman; Hall/CRC. https://plotly-r.com.
Wickham, Hadley. 2016. ggplot2: Elegant Graphics for Data Analysis. Springer-Verlag New York. https://ggplot2.tidyverse.org.