Williamsburg, VA—23185
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Williamsburg, VA
Home Price Trends — Williamsburg, VA
As of Oct '25, the median home price in Williamsburg, VA is $448,000, with a year-over-year change of 2.2%. This indicates that home prices in Williamsburg, VA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $448,000 | 2.2% |
| Single Family | $469,000 | 2.2% |
| Condos | $285,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $209,000 | -4.1% |
2 Bed | $262,000 | -1.1% |
3 Bed | $398,000 | 1.5% |
4 Bed | $565,000 | 2.5% |
| 5 Bed | $710,000 | 3.2% |
% of Housing Stock
Rental Trends — Williamsburg, VA
As of July '25, Rentcast reports the average rent in Williamsburg, VA is $2,260, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Williamsburg, VA is studios: $1,220, 1-bedrooms: $1,470, 2-bedrooms: $1,780, 3-bedrooms: $2,330, 4-bedrooms: $2,860. The most common rental property sizes in Williamsburg, VA are 2-bedroom and 3-bedroom, accounting for 45.1% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,260 |
| Studio Rent | $1,100 | $1,220 |
| 1 Bed Rent | $1,550 | $1,470 |
| 2 Bed Rent | $1,650 | $1,780 |
| 3 Bed Rent | $2,350 | $2,330 |
| 4 Bed Rent | $2,850 | $2,860 |
% of Rental Stock
Property Listings — Williamsburg, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Williamsburg, VA is 56. This is a increase of 47.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 21.0% |
Listing Count | 234 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 56 | 47.0% |
Demographics — Williamsburg, VA
As of the latest ACS Survey released in 2023, Williamsburg, VA has a population of 54,400, which has increased by 13.3% over the past 5 years. Williamsburg, VA is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,400 | 13.3% |
% Under 18 | 18.2% | 1.7% |
% Seniors | 22.5% | 5.6% |
% WFH | 17.3% | 174.6% |
% w/ College Degree | 52.0% | 1.2% |
As of the latest ACS Survey released in 2023, Williamsburg, VA is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Williamsburg, VA is black, making up 13.6% of the population. Foreign-born residents account for 8.4% of the population in Williamsburg, VA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.9% | -2.3% |
% Black | 13.6% | 0.0% |
% Hispanic | 7.9% | 19.7% |
% Asian | 3.6% | -10.0% |
% Foreign Born | 8.4% | 0.0% |
Mortgage and Risk — Williamsburg, VA
According to HUD data as of 2023, there were 1086 mortgage originations in Williamsburg, VA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Williamsburg, VA. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,086 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Williamsburg, VA
As of 2024, the percent of homes in Williamsburg, VA under the Section 8 program is 3.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Williamsburg, VA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 247 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,550 | $1,500 |
| 2 Bedroom | $70 | $1,650 | $1,720 |
| 3 Bedroom | $40 | $2,350 | $2,390 |
| 4 Bedroom | $0 | $2,850 | $2,850 |
Affordability — Williamsburg, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $448,000 |
| Median Household Income | $104,000 |