James City County, Virginia Housing Market
In James City County, Virginia, the median home value is $447,200, with a median monthly rent of $1,552. This places James City County at #198 nationally out of 3134 counties by median home value, and #17 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,030
- Establishments: 2,228
- BLS QCEW, 2025
Housing Supply
- Single-family: 209
- Multi-family: 16
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 35,319 (avg $127,305)
- Outflow: 32,169 (avg $127,414)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in James City County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23089 | 292.8 | -0.68% | 2025 |
| 2 | 23168 | 280.9 | +1.96% | 2025 |
| 3 | 23188 | 273.4 | +4.42% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How James City County Compares
| Metric | James City County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $447,200 | $295,807 | $227,706 |
| Median Gross Rent | $1,552 | $1,169 | $968 |
| Owner Occupancy Rate | 76.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 24.0 | 20.3 | 18.7 |
Market Analysis
The median home value in James City County is 51.2% above the Virginia state average and 96.4% above the U.S. national average. The median rent of $1,552/month is 32.8% above the state average.
With a price-to-rent ratio of 24.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
James City County has an owner-occupancy rate of 76.7%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Palm Beach County | Florida | $447,300 | $1,916 |
| Williamson County | Texas | $447,000 | $1,796 |
| Humboldt County | California | $446,900 | $1,287 |
| Jefferson County | Montana | $446,900 | $925 |
| Coconino County | Arizona | $448,000 | $1,473 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Manassas city | $449,900 | $1,850 | 71.5% |
| York County | $433,200 | $1,827 | 71.6% |
| King George County | $428,300 | $1,428 | 76.2% |
| Williamsburg city | $428,100 | $1,407 | 53.2% |
| Powhatan County | $416,000 | $1,168 | 93.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).