Williamsburg city, Virginia Housing Market
In Williamsburg city, Virginia, the median home value is $428,100, with a median monthly rent of $1,407. This places Williamsburg city at #233 nationally out of 3134 counties by median home value, and #20 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: $896
- Establishments: 522
- BLS QCEW, 2025
Housing Supply
- Single-family: 22
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,154 (avg $114,191)
- Outflow: 4,338 (avg $119,610)
- IRS Statistics of Income
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| Metric | Williamsburg city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $428,100 | $295,807 | $227,706 |
| Median Gross Rent | $1,407 | $1,169 | $968 |
| Owner Occupancy Rate | 53.2% | 70.8% | 73.3% |
| Price/Rent Ratio | 25.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Williamsburg city is 44.7% above the Virginia state average and 88.0% above the U.S. national average. The median rent of $1,407/month is 20.4% above the state average.
With a price-to-rent ratio of 25.4, Williamsburg city is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Williamsburg city has an owner-occupancy rate of 53.2%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Wilson County | Tennessee | $428,000 | $1,486 |
| King George County | Virginia | $428,300 | $1,428 |
| Charles County | Maryland | $428,500 | $1,920 |
| Gem County | Idaho | $428,700 | $1,038 |
| Greater Bridgeport Planning Region | Connecticut | $428,800 | $1,546 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| King George County | $428,300 | $1,428 | 76.2% |
| York County | $433,200 | $1,827 | 71.6% |
| Powhatan County | $416,000 | $1,168 | 93.2% |
| Culpeper County | $409,200 | $1,423 | 75.0% |
| James City County | $447,200 | $1,552 | 76.7% |
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).