Williamsburg city, Virginia Housing Market Prices
Williamsburg city 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.
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Median home price 71% above the Virginia median More expensive than 88% of counties in Virginia$437,755
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Median rent 11% below the Virginia median More expensive than 77% of counties in Virginia$1,406
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Williamsburg city | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $437,755 | $256,082 | $248,835 |
| Price Trend (Annual %) | 28.5% | 3.5% | 7.5% |
| Median Gross Rent | $1,406 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Williamsburg city is about 71% higher than in Virginia. Rent is about 11% 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 Williamsburg city, up about 28.5% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Williamsburg city rose about 28.5% between 2015 and 2024, from $1,095 to $1,406. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Williamsburg city.
Buying the median-priced home in Williamsburg city costs roughly 25.9 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 Williamsburg city. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Williamsburg city | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $437,755 | $256,082 | $248,835 |
| Median Household Income | $75,948 | $93,527 | $80,455 |
| Price-to-Income Ratio | 5.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Williamsburg city rose about 143.3%, while median household income rose about 66.1% 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 | Williamsburg city | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.1% | 61.5% | 58.5% |
| Rental Rate | 40.4% | 29.8% | 31.2% |
| Vacancy Rate | 13.5% | 8.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Williamsburg city has a homeownership rate of 46.1%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 13.5%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Williamsburg city | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1995 | 1982 | 1978 |
| Median Number of Rooms | 5.6 | 6.0 | 5.5 |
The typical housing unit in Williamsburg city was built around 1995. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Williamsburg city, VA Housing Compared With Nearby Counties
Williamsburg city, VA is the smallest of the 4 counties compared here, 15,698 residents against a local median of 71,005. Where Williamsburg city, VA breaks from the counties next to it is homeownership, sitting 31% below the local median of 76.7% at 53.3%. That is the weaker end of the local range on this measure.
The counties themselves sit within 8.8% of each other on homeownership, a tighter band than the gap between any of them and Williamsburg city, VA, which makes it a genuine outlier here rather than one end of a wide local spread. Williamsburg city, VA has the 4th highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Williamsburg city, VA | 15,698 | $437,755 #1/4 | $1,406 #3/4 | 53.3% #4/4 |
| James City County, VA | 81,013 | $408,474 | $1,552 | 76.7% |
| Gloucester County, VA | 39,526 | $180,357 | $1,096 | 80.4% |
| York County, VA | 71,005 | $412,950 | $1,826 | 71.6% |
Frequently Asked Questions
Common questions about the housing market in Williamsburg city, Virginia.
What is the median home price in Williamsburg city, Virginia?
The median home price in Williamsburg city, Virginia is $437,755, higher than the Virginia average of $256,082.
What is the average home price in Williamsburg city, Virginia?
The typical home price in Williamsburg city, Virginia, reported as the median sale price, is $437,755. 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 Williamsburg city, Virginia?
The median gross rent in Williamsburg city, Virginia is $1,406 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Williamsburg city in 2020?
In 2020, the median gross rent in Williamsburg city, Virginia was $1,152 per month.
What is the price-to-rent ratio in Williamsburg city, Virginia?
The price-to-rent ratio in Williamsburg city, Virginia is about 25.9, meaning it would take roughly 25.9 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 Williamsburg city.
Are home prices or rent rising faster in Williamsburg city, Virginia?
Both home prices and rent are rising in Williamsburg city, up about 28.5% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Williamsburg city, Virginia?
46.1% of households in Williamsburg city, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Williamsburg city, Virginia?
The housing vacancy rate in Williamsburg city, Virginia is 13.5%, higher than the Virginia average of 8.7%.
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