King William County, Virginia Housing Market Prices
King William County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 62% above the Virginia median More expensive than 84% of counties in Virginia$415,384
-
Median rent 26% below the Virginia median$1,166
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | King William County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $415,384 | $256,082 | $248,835 |
| Price Trend (Annual %) | 11.5% | 3.5% | 7.5% |
| Median Gross Rent | $1,166 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 1.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in King William County is about 62% higher than in Virginia. Rent is about 26% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in King William County, up about 11.5% and 1.4% a year respectively. Home prices are changing faster.
Median rent in King William County rose about 13.6% between 2015 and 2024, from $1,026 to $1,166. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in King William County.
Buying the median-priced home in King William County costs roughly 29.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in King William County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | King William County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $415,384 | $256,082 | $248,835 |
| Median Household Income | $87,281 | $93,527 | $80,455 |
| Price-to-Income Ratio | 4.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in King William County rose about 124.7%, while median household income rose about 26.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | King William County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.5% | 61.5% | 58.5% |
| Rental Rate | 10.6% | 29.8% | 31.2% |
| Vacancy Rate | 4.9% | 8.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
King William County has a homeownership rate of 84.5%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 4.9%, compared with 8.7% in Virginia.
Housing Stock
| Metric | King William County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1995 | 1982 | 1978 |
| Median Number of Rooms | 6.5 | 6.0 | 5.5 |
The typical housing unit in King William County was built around 1995. On average, 2.5 people live in a home with about 6.5 rooms, staying for about 17.0 years on average.
King William County, VA Housing Compared With Nearby Counties
How King William County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| King William County, VA | 18,593 | $415,384 #1/3 | $1,166 #2/3 | 88.9% #1/3 |
| Essex County, VA | 10,620 | $255,014 | $972 | 71.7% |
| Henrico County, VA | 335,485 | $316,992 | $1,541 | 64.5% |
Frequently Asked Questions
Common questions about the housing market in King William County, Virginia.
What is the median home price in King William County, Virginia?
The median home price in King William County, Virginia is $415,384, higher than the Virginia average of $256,082.
What is the average home price in King William County, Virginia?
The typical home price in King William County, Virginia, reported as the median sale price, is $415,384. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in King William County, Virginia?
The median gross rent in King William County, Virginia is $1,166 per month, lower than the Virginia average of $1,579.
What was the median gross rent in King William County in 2020?
In 2020, the median gross rent in King William County, Virginia was $1,075 per month.
What is the price-to-rent ratio in King William County, Virginia?
The price-to-rent ratio in King William County, Virginia is about 29.7, meaning it would take roughly 29.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in King William County.
Are home prices or rent rising faster in King William County, Virginia?
Both home prices and rent are rising in King William County, up about 11.5% and 1.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in King William County, Virginia?
84.5% of households in King William County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in King William County, Virginia?
The housing vacancy rate in King William County, Virginia is 4.9%, lower than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →