Williamsburg, VA—23188
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 $463,000, with a year-over-year change of 1.3%. 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 | $463,000 | 1.3% |
| Single Family | $475,000 | 0.8% |
| Condos | $319,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $237,000 | 0.9% |
2 Bed | $306,000 | -0.3% |
3 Bed | $421,000 | 1.2% |
4 Bed | $546,000 | 1.7% |
| 5 Bed | $709,000 | 3.1% |
% of Housing Stock
Rental Trends — Williamsburg, VA
As of July '25, Rentcast reports the average rent in Williamsburg, VA is $2,400, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Williamsburg, VA is 1-bedrooms: $1,590, 2-bedrooms: $1,760, 3-bedrooms: $2,420, 4-bedrooms: $2,950. The most common rental property sizes in Williamsburg, VA are 2-bedroom and 3-bedroom, accounting for 49.8% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,590 |
| 2 Bed Rent | $1,800 | $1,760 |
| 3 Bed Rent | $2,400 | $2,420 |
| 4 Bed Rent | $2,850 | $2,950 |
% 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 55. This is a increase of 8.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $568,000 | 13.0% |
Listing Count | 256 | 33.0% |
| Listings as % of Homes | 0.7% | 33.0% |
Days on Market | 55 | 8.0% |
Demographics — Williamsburg, VA
As of the latest ACS Survey released in 2023, Williamsburg, VA has a population of 45,300, which has increased by 3.8% over the past 5 years. Williamsburg, VA is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 49.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,300 | 3.8% |
% Under 18 | 18.8% | -2.1% |
% Seniors | 28.5% | 17.3% |
% WFH | 15.5% | 112.3% |
% w/ College Degree | 49.8% | 3.3% |
As of the latest ACS Survey released in 2023, Williamsburg, VA is a predominantly white area, with 72.4% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Williamsburg, VA is black, making up 12.8% of the population. Foreign-born residents account for 6.9% of the population in Williamsburg, VA, and this percentage has increased by 15.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.4% | -3.1% |
% Black | 12.8% | -11.7% |
% Hispanic | 6.4% | 14.3% |
% Asian | 2.6% | 13.0% |
% Foreign Born | 6.9% | 15.0% |
Mortgage and Risk — Williamsburg, VA
According to HUD data as of 2023, there were 1078 mortgage originations in Williamsburg, VA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Williamsburg, VA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,078 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Williamsburg, VA
As of 2024, the percent of homes in Williamsburg, VA under the Section 8 program is 3.1%. 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. 3-bedroom and 4-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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 202 |
Total Units Section 8 | 135 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,600 | $1,570 |
| 2 Bedroom | $0 | $1,800 | $1,800 |
| 3 Bedroom | $110 | $2,400 | $2,510 |
| 4 Bedroom | $130 | $2,850 | $2,980 |
Affordability — Williamsburg, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $463,000 |
| Median Household Income | $101,000 |