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Williamsburg city Housing Market

Virginia · 133 counties · Ranked #2902 in home value

Above National Avg

Housing at a Glance

Median Home Value

$393,200

vs national+$393,200 vs $281,900 national

Median Gross Rent

$1,361/mo

vs national+$1,361 vs $1,163 national

Effective Tax Rate

0.58%

vs national0.58% vs 1.02% national

Median Household Income

$70,206

vs national$70,206 vs $74,755 national

Affordability Ratio

5.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

34.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,265

Tax as % of Home Value

0.58%

Monthly Owner Cost

$1,117

Renter Income

$42,405

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Frequently Asked Questions

What is the median home value in Williamsburg city?

The median home value in Williamsburg city is $393,200. This is above the national median of $281,900.

How much is rent in Williamsburg city?

The median gross rent in Williamsburg city is $1,361 per month.

What is the property tax rate in Williamsburg city?

The effective property tax rate in Williamsburg city is 0.58%. The median annual property tax bill is $2,265.

Is Williamsburg city affordable?

With a home-value-to-income ratio of 5.6x, Williamsburg city is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.