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These days, finding an affordable place to live in the Williamsburg area can be challenging. Home prices in Williamsburg are now at a median cost of $439,409, lower than the Virginia average of $443,089.
The average cost of rent is $1,714/mo in Williamsburg, primarily driven by the current value of real estate in the Williamsburg area. In Williamsburg, 27.38% of households rent, and 34.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Williamsburg is $8,798 per month. Households that rent pay about 19.48% of their income on rent here. Williamsburg’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Skipwith Farms, VA: equally priced homes
- Centerville, VA: higher priced homes
- Lightfoot, VA: equally priced homes
- Jamestown, VA: higher priced homes
- Queens Lake, VA: less expensive homes
- Lackey, VA: less expensive homes
- Clay Bank, VA: less expensive homes
- Rustic, VA: less expensive homes
- Surry, VA: less expensive homes
- Wicomico, VA: less expensive homes
Cities with Similar Populations
- Auburn, WA: higher priced homes
- Macomb, MI: less expensive homes
- Kennesaw, GA: equally priced homes
- Johnson City, TN: less expensive homes
- Jacksonville, NC: less expensive homes
- Jackson, MI: less expensive homes
- Holland, MI: less expensive homes
- Greenwood, IN: less expensive homes
- Fort Smith, AR: less expensive homes
- Fishers, IN: equally priced homes
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