Charlottesville ROUTINELY ranks high in "living desirability" from magazines with our rich history, medical facilities and NOW * Ta-Da * our employment possibilities.
This is the PRIME reason our single family home rental market is so VERY strong. In addition to the military and government subcontractors coming in with the NGIC/National Ground Intelligence Command * the DIA/Defense Intelligence Agency * new MJH/Martha Jefferson Hospital campus @ Pantops AND the brand new Emily Couric (yes, Katie's sister) Cancer Center at UVA Medical Center * there are financial services, multi-media (as in the Dave Matthews Band) and research employment opportunities in the area.
Additionally, the demand for GOOD commercial building contractors and sub-contractors is overwhelming. Our residential construction has almost ceased entirely except for some custom home and townhouse/multi-unit properties that are being built in "stages".
With the rental demand so strong * investors would be wise to look at LARGER 4 bedroom home investments * preferably with 2-car garage * fenced yd and loads of storage!!